How to protect yourself from Amazon to bitcoin conversions?

[Andrew Bitcoiner]

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?

[nimda]

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.

[Vladimir]

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]

You treat it like PayPal: Trusted users only.

[tsvekric]

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]

You treat it like PayPal: Trusted users only.

This.

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.