Bitcoin Forum
December 02, 2016, 08:15:35 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How to protect yourself from Amazon to bitcoin conversions?  (Read 1029 times)
Andrew Bitcoiner
Sr. Member
****
Offline Offline

Activity: 397


Send correspondance to GPG key A372E7C6


View Profile WWW
June 06, 2012, 01:13:49 AM
 #1

How do you protect yourself from Amazon payment reversals from stolen or cancelled cards?  Do you use a waiting time before sending the coins to the buyer or some other strategy to prove the honesty of the transaction?

MAKE MONEY! ADVERTISE FOR BITCOINS http://www.bitcoinadvertising.com
Bitcoin News Site http://coinbits.com
Bitcoin Blackjack http://bitjack21.com
Bitcoin, Darknet, IT consulting http://cryptophene.com
1480709735
Hero Member
*
Offline Offline

Posts: 1480709735

View Profile Personal Message (Offline)

Ignore
1480709735
Reply with quote  #2

1480709735
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480709735
Hero Member
*
Offline Offline

Posts: 1480709735

View Profile Personal Message (Offline)

Ignore
1480709735
Reply with quote  #2

1480709735
Report to moderator
1480709735
Hero Member
*
Offline Offline

Posts: 1480709735

View Profile Personal Message (Offline)

Ignore
1480709735
Reply with quote  #2

1480709735
Report to moderator
1480709735
Hero Member
*
Offline Offline

Posts: 1480709735

View Profile Personal Message (Offline)

Ignore
1480709735
Reply with quote  #2

1480709735
Report to moderator
nimda
Hero Member
*****
Offline Offline

Activity: 784


0xFB0D8D1534241423


View Profile
June 06, 2012, 02:12:03 AM
 #2

Redeem the code before sending the coins. Or have an escrow person redeem the code, release the coins to the seller, and get you the Amazon money.

I recommend asking me for a signature from my GPG key before doing a trade. I will NEVER deny such a request.
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
June 06, 2012, 02:13:39 AM
 #3

How do you protect yourself from Amazon payment reversals from stolen or cancelled cards?  Do you use a waiting time before sending the coins to the buyer or some other strategy to prove the honesty of the transaction?

Welcome to joys of selling bitcoins using credit cards by proxy.



-
Maged
Legendary
*
Offline Offline

Activity: 1260


View Profile
June 06, 2012, 04:39:13 AM
 #4

You treat it like PayPal: Trusted users only.

tsvekric
Sr. Member
****
Offline Offline

Activity: 246


View Profile
June 06, 2012, 07:39:59 PM
 #5

for first time sellers, use escrow. That should be the default for pretty much anything on the forums, really. Check reputation if they're relatively new and just getting established. Be wary of 'too good to be true' deals.

I sell Amazon gift codes/will buy off Amazon wishlists at a bit below bitcoin market price. I usually do 3% off because I get 3% back on Amazon purchases through my credit card. I've had the card and Amazon account for many years, been selling gift codes on here for around a year maybe...

That said there are some seemingly legit sellers on here who sell for ~10-20% off regularly - no idea if they're just willing to pay that much more for BTC or if they really have some nice deal worked out somehow, or if they are doing something illegal someone along the way... Anything more than 20% off I'd assume is a scam/stolen credit card buy.
DeathAndTaxes
Donator
Legendary
*
Offline Offline

Activity: 1218


Gerald Davis


View Profile
June 06, 2012, 07:56:12 PM
 #6

You treat it like PayPal: Trusted users only.

This.

Quote
for first time sellers, use escrow.

Not this.  Escrow does nothing against carded sales.

You escrow.
Seller sends code/card/pin.
You verify it works and release escrow
x days later the tx reverses because the digital goods was purchased with stolen CC.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!