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Author Topic: How tyrannical is Bitmit to sellers?  (Read 2955 times)
whitslack
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March 31, 2012, 04:40:58 AM
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Probably everyone here knows that PayPal is horrible to eBay sellers, taking the buyer's side practically every time, and no amount of photographic evidence can convince them that you the seller really did ship the item purchased.

Enter Bitmit, an eBay clone that operates in Bitcoin. Does anyone know how fair the are with regards to their escrow service? How does a seller prove they shipped the item? How does a buyer prove they didn't get it? I'm a little hesitant to sell on Bitmit just because it is not nearly as established and "safe" as eBay.
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benjamindees
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March 31, 2012, 04:45:35 AM
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I think if it were very bad, it would probably have more traffic than it does.

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March 31, 2012, 04:46:04 AM
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I have yet to experience a dispute in a trade so I am not sure exactly what evidence they require, but I am positive they can't be worse than Ebay/Paypal Grin

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March 31, 2012, 05:34:04 AM
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I don't have personal experience with them, but I have seen several people on the forum who've used bitmit, and I've not seen any complaints yet.

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March 31, 2012, 01:06:55 PM
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As volume rises, I suspect more and more disputes will be filed between buyer and seller. I suppose I will wait and see before starting to use bitmit.

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April 03, 2012, 07:36:47 AM
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As a seller, I haven't yet had any troubles with buyers. The dialogue with Bitmit has worked very well this far.

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April 03, 2012, 09:00:27 AM
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I have had no issues with PayPal, chargebacks and disputes are a part of it.
As long as you run a honest business and have shipping labels they are great.
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April 04, 2012, 12:26:02 AM
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I have had several buyers disappear without paying or responding to messages. This is the only problem I'm having, but this isn't really bitmit's fault.
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April 04, 2012, 12:50:32 AM
 #9

Advantage of bitmit over ebay is that communication between buyer and seller is not restricted.

Many miss-understandings can happen when you disable direct comunication.
In the end, only solution for me on ebay was to left negative feedback (first negative feedback for that seller). If there were any possibility to chat with seller for a while I think the problem could have been solved.

I have not bought or sell much, but my experience with bitmit is positive.
I have been scamed once and was offered help by bitmit owner. I let it be because I knew the risks from beginning.
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April 05, 2012, 11:21:04 PM
 #10

Probably everyone here knows that PayPal is horrible to eBay sellers, taking the buyer's side practically every time, and no amount of photographic evidence can convince them that you the seller really did ship the item purchased.

Enter Bitmit, an eBay clone that operates in Bitcoin. Does anyone know how fair the are with regards to their escrow service? How does a seller prove they shipped the item? How does a buyer prove they didn't get it? I'm a little hesitant to sell on Bitmit just because it is not nearly as established and "safe" as eBay.

I discovered bitmit earlier today and have these same questions.  Their built-in escrow service is quite interesting.  I'm hoping to see if anybody here replies with their experiences..

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April 06, 2012, 12:08:37 AM
 #11

I use escrow on bitmit and it works almost flawlessly. Sometimes you'll have someone who forgets to release the money, but in all my cases, they've turned up eventually.

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caesargallery
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January 10, 2013, 08:11:06 PM
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Now, its not the point ebay system or bitmit system all these creative people who believe so much in bitcoins  will see the importance of this btc auction /network platform as bitmit .There will be always negative points ,but to offer the software teams and the marketing teams who work on the exploitation for a good btc auction site is the best solution to offer them enough financial funds.
On this i suggest to all bitcoin fans and those who believe in small trading on the new markets ( Azie,Africa,India,etc...) ,and on all the parents who believe in the educative lessons for there children on worldwide communication and internet use .To offer there support to a btc auction platform and maybe there is a possibility to buy some participation in this company ?? if there are enough people who react to them Huh
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January 10, 2013, 09:07:01 PM
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Sounds like an interesting alternative to Ebay I will have to send it to my research guys to check and see if it is a good website or not thank you for sharing!

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January 10, 2013, 09:24:02 PM
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I have nothing to complain so far, havent hit any disputes yet and I most certainly doing anything I can to avoid them in the future.

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January 11, 2013, 12:11:53 AM
 #15

The escrow provided by Bitmit is really a very good idea.  It would be great if such a low cost service was offered by ebay or paypal...  Does anyone have experience with it? 

I have listed my first item on Bitmit as a trial.  http://www.bitmit.net/en/item/13230-1-oz-silver-maple-leaf-coin

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January 11, 2013, 02:34:28 PM
 #16

The escrow provided by Bitmit is really a very good idea.  It would be great if such a low cost service was offered by ebay or paypal...  Does anyone have experience with it? 

I have listed my first item on Bitmit as a trial.  http://www.bitmit.net/en/item/13230-1-oz-silver-maple-leaf-coin



I have had ~20 sales go trough bitmit escrow and I have nothing bad to say so far, apart from the fact that I dont know who is actually holding the money.

Bitcoin trinkets now on my online store: btc trinkets.com <- Bitcoin Tiepins, cufflinks, lapel pins, keychains, card holders and challenge coins.
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January 11, 2013, 08:56:30 PM
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use escrow and everything will go ok.
tindungtac
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June 28, 2013, 01:47:53 PM
 #18

listed my first sale yesterday, sold early today, but its over 2hours now buyer has yet to release escrow payment.

I'm looking to see how long the release of funds with take.


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June 28, 2013, 03:16:52 PM
 #19

listed my first sale yesterday, sold early today, but its over 2hours now buyer has yet to release escrow payment.

I'm looking to see how long the release of funds with take.



Has they buyer recieved the product in question yet ?

Bitcoin trinkets now on my online store: btc trinkets.com <- Bitcoin Tiepins, cufflinks, lapel pins, keychains, card holders and challenge coins.
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June 28, 2013, 03:35:42 PM
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Guys who made conflict resolution system for eBay and PayPal are now starting a separate business "Modria". An online dispute resolution, mediation, arbitration system. When they speak on YouTube about their philosophy everything becomes clear. They openly say: make decisions fast, not necessarily fair. If you cannot make it both fast and fair, then sacrifice fairness. Implied message is that customers follow human nature and not reason. They swallow better unfair resolution than long process.

https://www.youtube.com/watch?v=cFJOyF_m5ho
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