http://www.freebitbay.com/themes/default/logo.gifwww.freebitbay.comfreeBitBaY.com is a new online auction/market place, providing a framework for buyers and sellers to exchange goods for Bitcoin (although we will soon be adding more coins)
The service is offered COMPLETELY free of charge. We will not be introducing charges in the future!
General DetailsThe site provides the expected auction types (auction, buy it now, buy it now only and also dutch auctions) with 'shops' to be added in the coming weeks
List HTML descriptions with images, post upto 8 photos, select a category, add a subtitle, list shipping options, select specific payment gateways for each auction, relist items and plenty more!!
Full search ability, including by location and international shipping. Sellers can edit final value of auctions to include for extra shipping costs.
Full feedback feature to gain the trust of buyers. It is also possible to link your EBAY account to your seller profile so buyers can see existing previous feedback (saves starting again from zero!)
Integrated PaymentsThe system is complete with two integrated payment systems;
BitPay - the most common ecommerce payment provider
freePaY - Custom built, secure escrow styled service, without any live wallets or coin handling
You can also pay to a simple wallet address or by an 'other' payment message
How
freePaY works
freePaY works on the passing of encrypted keys. A private OFFLINE key (generated in the browser under ssl encyption) is provided to the seller during signup, which is stored by the seller offline. When a buyer pays for an item, a new wallet and corresponding private key are generated. The private wallet key is encrypted with a one way encryption key stored on our server. Once payment has been made, the buyer has the option in their control panel to release the wallets encrypted private key. When the goods are received and the encrypted private wallet key is released, the seller then receives a new area in their control panel. The seller can now decrypt the wallets private key with their OFFLINE key (in the browser under ssl encryption) and move their funds (we use ARMORY to do a sweep of private keys)
This system means that there is no need to have live wallets or directly handle coins
Both BitPay and freePaY are fully integrated into the site. Buyers are given an automated checkout screen for payment of the goods. The systems update the buyer as to the current confirmation progress of their payment. After 6 blockchain confirmations, the item is set as paid in both the buyers and sellers control panels, making managing purchases and orders as simple as possible!
£0.25 DonationThe only problem with offering all this good stuff for free, is that people may wish to take advantage. In order to help combat scammers and spammers, we insist that all users process a transaction through PayPal. The charge is only used to cover the PayPal fee.
There are descriptions and details on the site if you need any more information!!
If you find any bugs then please let us know on here or contact us through the support ticket system