What’s going with Bybit p2p Merchants

[I_Anime]

So yesterday I decided to do p2p and all the buyers I came across with was saying same thing about , I’m going to drop the message here because me seff confuse , after encountering them I later find a better merchant that paid me completely, the others where planning to remove some amount from my money . I’m Going to drop the image below :







So you can see it that I had upto 4 cancelled order if not more than , and they are saying same thing about removing some amount from my money and stuff , which I didn’t agree to but at the end someone sent me my complete amount without no stress , so what’s going on ?

[BIT-BENDER]

Trading is a market place and in a market place bargaining is always constant that is why exchange like bybit created a chat option where buyers and sellers can relate and reach an agreement.
For me I don't see anything wrong there you don't expect to enter a market place and not experience such thing so it is up to you to trade or not too trade. There is nothing much to it, just know how to bargain and protect your funds.

[Moreno233]

Trading is a market place and in a market place bargaining is always constant that is why exchange like bybit created a chat option where buyers and sellers can relate and reach an agreement.
For me I don't see anything wrong there you don't expect to enter a market place and not experience such thing so it is up to you to trade or not too trade. There is nothing much to it, just know how to bargain and protect your funds.

Bybit did not create that chat box for merchants to discuss removing money from what the exchange rates are. People who do those things are greedy merchants and sometimes scammers. They make profits from the market through the difference between bid and ask prices and any other means the exchange may design to make the business profitable for the merchants. If their profits is tied to their negotiation with customers, that business would have collapsed.

[Amphenomenon]

Trading is a market place and in a market place bargaining is always constant that is why exchange like bybit created a chat option where buyers and sellers can relate and reach an agreement.
For me I don't see anything wrong there you don't expect to enter a market place and not experience such thing so it is up to you to trade or not too trade. There is nothing much to it, just know how to bargain and protect your funds.

Man what are you saying? we have been complaining about this cheating act for long here on the forum and someone here is actually defending this act!
The price has been set by Bybit and if it fair, there wouldn't have been any point of them stating that one has to ensure they received full/complete payment before they released their coins to buyer.

This is a good point it's unfair there are other used or discussion that can be paid there and even if they are trying to cover fee, they don't have to add ridiculous price slash like they do request or do.

[Felicity_Tide]

I have come to realize that even if protocols and guidelines are made mandatory for every single thing that involves us as humans, there are still people who would choose to go the other way. Is it not funny that these same merchants set their own rate, or am I missing something here?. Setting a rate that you can't keep up with doesn't make a merchant smart/wise. That imo, is total greed and hypocrisy. I'm even seeing an amount as big as 2K...., common, that's obviously a greed.

And the crazy thing is, these merchants don't specify any of this on their advertisement terms that I believe every exchange have. Sneaking up to make a silly deal after initiating transaction is obviously a big sign of greed. The "advertiser terms" ought to have messages like this, and not this nonsense that is trending, especially on Bybit. Well, every individual has a way of handling cases like this, and trust me, you don't want to know how I handle mine. Country hard for everybody, so let's do things right.

[coinlary]

When I created a thread about this particular behavior, people thought I was the one at fault. Even though I forgot to read the terms from the trader,I partly admit I was at fault, but tbh,  it’s part of their tactics.

After that particular thread, I’ve tried trading and met the same fate from no fewer than five traders. One out of these traders even risked his trust score just because I didn’t agree with him. The funny part is these traders have multiple accounts to the extent that you can still fall into the same trader's hands twice.

I think Bybit should create a new rule and add a report button with the ability to attach evidence so that they start banning  any trader account  that does this nonsense from using the p2p again .

[Silverstonez]

This thing has be going on, on bybit for long now. Few days ago I placed a trade all of a sudden the buy chatted me up and start negotiating price with me, sincerely speaking I was surprised because I never expected it I've been trading and buy it for long now and this thing keep on repeating itself over and over. For me I just assume that it is and other new way to scam people because I don't see reason whereby everything is clearly stated all of a sudden you slide in my DM as that negotiating price that is already stated.

[ZeroVinsonN]

Trading is a market place and in a market place bargaining is always constant that is why exchange like bybit created a chat option where buyers and sellers can relate and reach an agreement.
For me I don't see anything wrong there you don't expect to enter a market place and not experience such thing so it is up to you to trade or not too trade. There is nothing much to it, just know how to bargain and protect your funds.

You posted a rate and and a range that you can buy on and I agreed to it so I decided to trade with you and all of a sudden you start talking about reducing my pay, how is this a normal thing to do? Why u go post rate then wan come sell for another price? Na small pikin game I come play for here? We need to understand that something that we treat as normal is not normal at all, if you cannot pay at that rate then don't post it in the first place instead of now coming to tell me about all the problems in your family so that I will agree to give you a discount.
Na to begin report some people for P2P sha.

[casey15]

All these are scam tactics. If the vendor feels that he is being ripped by the exchange, then he should take his service elsewhere. If he knows the exchange price doesn't favour him, then why post it. If you have any thing that doesn't sit well with you about the policy of the exchange, why don't you take it out on them and you guys resolve it instead of trying to rip off customers. I know I won't do business with anybody that tells me this. If you have a problem with the company then confront the company and not use it to extort customers.
Sometimes Nigerians are the problem of themselves always looking for ways to take from someone else

[Dr.Bitcoin_Strange]

Well, some times are like that but to prevent it, always read the rules of every merchant before you open trade with them, if after reading their rule and they didn't have such rule of not paying you complete, then you can open a trade with them. However, if you open trade with someone that doesn't have such rules and he or she starts to bargain with you after you have opened the trade, ask him why did he not add it to his rules so that you would have avoided his ads. After the question, kindly urge him to pay you complete or cancel the trade before you report him.

[Big Dirams]

Well, some times are like that but to prevent it, always read the rules of every merchant before you open trade with them, if after reading their rule and they didn't have such rule of not paying you complete, then you can open a trade with them. However, if you open trade with someone that doesn't have such rules and he or she starts to bargain with you after you have opened the trade, ask him why did he not add it to his rules so that you would have avoided his ads. After the question, kindly urge him to pay you complete or cancel the trade before you report him.

However, you are right you made a solid point. Many sellers always do make mistake and not to get bothered by reading the buyers rules and if we are so concerned about reading such rules then we can always differentiate and at the same time avoid those buyers that are willing to take benefits from us by reducing the rate for their own personal gains and making the tax as an excuses.
 
 I hardly fell into this type of crap because I always do make sure I go through the merchants rules and regulations before placing my order either to sell or buy from them. Many of them are scammers and greedy people looking for little money from users all around very selfish individuals.

[Marykeller]

This has been one of the problems/experiences someone would face when trading with one of the P2P merchants on Bybit. You can't trade up to five times without encountering such annoying characters from these scammers hiding themselves as P2P merchant on Bybit.

However, there's a way I normally follow them up each time I want to trade my USDT with any P2P merchant on Bybit. I would first of all, go through their reviews(bad reviews), check their ratings, whether it's up to 99%, and read their conditions and times.

All these mentioned above will I check before trading with any of them. Anyone I like their rating and reviews, I will have my USDT exchange with them. As simple as that. Not forgetting I put my figures(naira) in round figure,

[Ever-young]

That’s the newest way of extorting money from sellers now in Bybit, and it’s as if they all had a meeting and agreed on it that they’ll all be removing money from people with is just crazy. At least some of them are reasonable enough to request to remove small amounts. Omo e get trade I initiate, the werey tell me say e wan remove 2k from my money to take cover fees and all the rubbish e talk, I just look the guy I no get wetin I wan answer am, I just tell am to cancel order asap, as e cancel am, I report the guy immediately cos I hate rubbish. It’s understandable when they request to remove as low as 100 or even less, we know it wasn’t like this, maybe something went on behind the scene between the merchants and Bybit, but asking to deduct crazy amounts is just absurd.

[Ronsbit]

The vendors claim that they are being debited for transactions above #10k, which is no doubt the truth, but they, too, should realize that the sellers are also being debited, so both parties are on the same page, and nobody should fall for their scheme as they are attempting to cheat sellers. Although everyone is entitled to their decision, and if you feel ike letting them have their way it is alrigh otherwise resist that act from them and let them pay in full.