In regards to escrow I think the problem is going to be the other party (if he is brand new to BTC then he is probably unlikely to trust anyone).
I would recommend using a credit card for the deposit - and if you decide to pay for your stay in BTC then do that when you arrive (assuming they are happy to do this). Bitcoin is still rather alien to most people so the more relaxed the better.
In regards to the airport pickup thing you'll regret not doing that if you don't organise it (that happened to me).
Topic: A Phuket villa owner agrees to accept bitcoin, how do I proceed - page 3. (Read 2015 times)
You should have probably thought about using a trusted escrow before trying to work out the deal (but perhaps that is now too late).
This is actually where Bitcoin *sucks* for spenders. My advice would be not to pay the BTC until you actually arrive at the venue but quite likely the provider will not want to do that (and you won't know if they will even then have a suitable room for you).
So assuming they won't agree to an escrow and you don't want to trust them I'd have to say "use a credit card" or "paypal" (at least those can be reversed).
Also - best to get a "pick up" from the airport as the "so-called taxis" are the biggest ripoff there (you will get burned with that).
This is actually where Bitcoin *sucks* for spenders. My advice would be not to pay the BTC until you actually arrive at the venue but quite likely the provider will not want to do that (and you won't know if they will even then have a suitable room for you).
So assuming they won't agree to an escrow and you don't want to trust them I'd have to say "use a credit card" or "paypal" (at least those can be reversed).
Also - best to get a "pick up" from the airport as the "so-called taxis" are the biggest ripoff there (you will get burned with that).
1. It's not too late, I still hold my coins.
2. Actually, down payment is a reasonable and I am not against it.
3. We have credit cards to do the job.
4. Paypal take 4% commission? not sure
5. I will try to talk him into using an escrow service here in the forum?
6. Where can I find the trusted escrows?
Finally, thanks for the Taxi tips and I think we are going to use the pickup service .
You should have probably thought about using a trusted escrow before trying to work out the deal (but perhaps that is now too late).
This is actually where Bitcoin *sucks* for spenders. My advice would be not to pay the BTC until you actually arrive at the venue but quite likely the provider will not want to do that (and you won't know if they will even then have a suitable room for you).
So assuming they won't agree to an escrow and you don't want to trust them I'd have to say "use a credit card" or "paypal" (at least those can be reversed).
Also - best to get a "pick up" from the airport as the "so-called taxis" are the biggest ripoff there (you will get burned with that - having been there myself I know).
This is actually where Bitcoin *sucks* for spenders. My advice would be not to pay the BTC until you actually arrive at the venue but quite likely the provider will not want to do that (and you won't know if they will even then have a suitable room for you).
So assuming they won't agree to an escrow and you don't want to trust them I'd have to say "use a credit card" or "paypal" (at least those can be reversed).
Also - best to get a "pick up" from the airport as the "so-called taxis" are the biggest ripoff there (you will get burned with that - having been there myself I know).
Me and my families are going to spend some quality time on Phuket Thailand next month. And we find a villa on airbnb that just suit our needs. I contacted the owner and he directed me to his own website where more villas are listed: http://tropiclook.com/ (5% discount) .
Then he sent me a memo or something like contract to me, detailing the expenses etc.
At the end of the mail, I have two options to pay 30% as down payment. (~2 btc)
1. Bank trasnfer
2. Paypal
Then I asked him if he accepted bitcoin.
His initial reaction was:
OMG
But he quickly went to create an account on a local bitcoin website, something like coinpay.
We are good to go until I got final confirmation from my families.
My brother called me just now and his concern was that since bitcoin tx is not reversible, how can I protect my interest, what if this guy runaway or denied the tx.
Any advice on how to handle the deal so that none of us get burnt?
Then he sent me a memo or something like contract to me, detailing the expenses etc.
At the end of the mail, I have two options to pay 30% as down payment. (~2 btc)
1. Bank trasnfer
2. Paypal
Then I asked him if he accepted bitcoin.
His initial reaction was:
OMG
But he quickly went to create an account on a local bitcoin website, something like coinpay.
We are good to go until I got final confirmation from my families.
My brother called me just now and his concern was that since bitcoin tx is not reversible, how can I protect my interest, what if this guy runaway or denied the tx.
Any advice on how to handle the deal so that none of us get burnt?
Jump to: