Another P2P format.

[coinlary]

I did a trade not too long ago.

As usual, normal procedure: browse through ads, choose the suitable ad, and read its terms (unfortunately, I forgot to do this). But then I encountered a trader who wrote in his terms of service: 'Payments are automated via Paystack and may show Paystack, blah blah blah, and 1,000 is deducted for every trade to cover fees.


I was curious what Paystack had to do with it and the use of word "may". I know it's possible to make payments, but that should be handled from his side because he's the one who wants to make his service like that as P2P trading on Bybit is advertised as zero-fee for the taker. I don't know how he's going to achieve that because Bybit doesn't give any APIs to do that, only notifications. which means he has to find a way to extract data automatically from notifications then automate the whole process. otherwise, it's still manual payment.

Mind you, I didn't even know anything like that was in his terms until he sent me this message:


Okay, but if this is truly automated, why does he have to send me a message first? That was when I knew it was a format, so I just sent him this:


Next thing was my complete balance .

Therefore, you all should always check terms before starting a trade. Lastly, I noticed a new warning from Bybit:


You guys should take note.

[Nheer]

These drama's are not worth it. I think to avoid all these and since the scams in p2p is very common now we shouldn't ignore anything in the description and make sure to understand the terms and conditions of the ads properly. In real sense the buyer should win any case if being reported because he clearly stated it in his description about the deduction and clicking on the ad means you read the terms and you're accept everything in it.

My advice is to pay attention to every detail and avoid ads that charge you or include deductions. Also avoid any ads that has no description at all.

[SatoPrincess]

In my opinion the merchant wasn’t trying to scam. He wrote it clearly in his terms that 1000naira will be deducted for fees if you don’t like the offer you don’t click on that merchant’s trade. It’s your fault that you didn’t read the terms before proceeding and I think that should be the lesson of your topic not “scam tactic”.

[Rockson1]

With our daily experience in P2P these days, we ought to be very careful with every word and letters we see in any matchants profile to avoid do you know me, we should read carefully what they mean and understand it before we decide to do any shit with them because most of those guys are crazy and out this planet if we are to mention scam, It be fair if don't say this, the truth is that those matchants are very smart,infact let me state this clearly even though we are to be blamed because most of us neglect reading those text, I will also want to tell is that, those guys intentionally write those stuff is because they know that many people will not pay attention to that and they might not also see those as anything, I advise we should be very smart at all time when we want to do P2P transactions.

[Cryptomultiplier]

I have cited a similar story like this which happened while I was trading P2P on one of our popular CEX. The merchant was even busy negotiating the amount he was going to pay as I kept him mute. I calmly waited for the allotted minutes to be exhausted so that the transaction will expire and when he finally gave in after my deafening silence to pay me a thousand bucks short, I simply told him his time has been exhausted.
I switched to another merchant who didn't hesitate nor say any funny thing before paying my complete funds.

To be vigilant is to be forewarned and this is how the market has now become so please read carefully and used 2FA and extra layer of passphrase before you release your funds or to protect your funds from scammers and their theatrics.

[Hyphen(-)]

This is not a p2p scam attempt or format, it is something normal that most of these vendors do that I don’t really like, they are always looking like they are not making money from their trades which is the reason why they are begging for extra money from traders, but I just feel like Bybit or any exchange that is involved needs to come trip what happened in there to avoid losing customers.

Nevertheless, you as a trader that is trying to always play safe, make sure you filter out all these type of vendors; mostly if you chose a time frame of 15 minutes, these type of vendors are not their, then you should check their trades which history to know their percentage rating and the number of trades they have; then read their terms and conditions well before you initiate the trade so as to be safe.

[AYOBA]

This days difference case has been happening in p2p that are trying to snake attempt to scam people or form a format to deducted money from the customers, just because Bybit have added some transactions fees which I don’t think the fees have to affected the customers some vendors only want to use the opportunities to be make money from the customers.

But from the statements of that p2p it’s not try to scam you. Is just you guys misunderstanding each other especially you, because right from the p2p description it’s clear that he his not try to use scam format; and for we to avoid all those cases from the p2p it’s good to check the vendors terms to ensure that you are ok with their conditions.

[Somto9Light]

Well merely looking at his terms I think he's not actually trying to scam you because it is written in his own personal terms that 1000 will be deducted in any transaction, so it is not entirely his fault but yours for not going through his terms before proceeding. But I must say that your information is indeed a nice one because I'm sure that most of us often make this mistake of not going through the terms of a vendor before proceeding, and I must admit that most times I usually forget to read the terms of the vendor before preceding but now I know how important it is I'm not going to miss reading them for any reason.

[Btcdeybodi]

Sometimes i do wonder if some of these vendors thinks that everyone is just inexperienced on p2p platforms. If a vendor is using paystack to automate his transaction then he should be able to cover up for the fees and not to impose it on a seller. However, i don't even think that paystack can charge that huge amount for transactions fee to start with. It could just be a trick by the vendor to outsmart those who will want to initiate a p2p trade with them.

[FirmWars]

Therefore, you all should always check terms before starting a trade.

You are the one that fucked up here and I guess he released your coins because he was just trying to avoid problem from you because bybit is not in support of those charges that they normally put on their terms and conditions but if you had been very careful to read his terms before opening that trade, you would have avoided all these whole drama and you would have also save you time. You should read terms from now on, before you start a trade. In this case, nah format shaaa to carry make more funds but when you see traders with such terms, just avoid them.

[Jaycoinz]

In my opinion the merchant wasn’t trying to scam. He wrote it clearly in his terms that 1000naira will be deducted for fees if you don’t like the offer you don’t click on that merchant’s trade. It’s your fault that you didn’t read the terms before proceeding and I think that should be the lesson of your topic not “scam tactic”.

Exactly baba, I think I have seen some cases like this myself when I wan sell coin for my exchange, sometimes I ignorantly choose to no even check the rules of the vendor and just decides to pull through and initiate trade but when I later read and observe o simply just ask him to cancel the trade that the error came from me as I didn't check his rules although the reason most people complain is because sometimes it's uncalled for doing or adding such crazy rules but in the end na their business and their own jurisdiction.

[Mpamaegbu]

These complaints about Bybit P2P and scam attempts don dey become too much nawadays. Wetin dey even happen with admins there sef wey dem nor fit chase those bandits wey dey try spoil business for dem out? Yesterday, na so I run wan P2P there. D vendor take style delay me as I nor gree add my phone number as part of his terms. He marked sey him dey try make payment immediately I offered my coin but went cold afta dat wan. I nor dey gree drop phone numba bc I sabi sey warning follow am from Bybit. If u drop phone numba and una transact outside Bybit portal, anything wey sup nor concern Bybit. Na how these scammers dey take draw people outside Bybit to really scam dem be dat.