Topic: BitMarket.Eu has closed down - page 59. (Read 204189 times)

Thanks for looking into it
Greetz

Sorted. We are looking into what caused this.

PM is on the way.
Greetz

Hi Loader,

Could you please email or PM me the details of this offer so that I can see what happened? Thanks

I'm new at BitMarket.eu but seem to have some problems with communication.
I've got the "Welcome to BitMarket.eu!" eMail, and added an offer.
Now the offer is in "Your closed offers" but I received no e-mail.

Any ideas?
Greetz

I would like to specify minimum lot sizes;
I put a bid to buy a few hundred BTC from one member, by the time I went through the Bid Process, the full amount was no longer available and I had a remaining 200BTC bid- which then got matched for 1BTC.

I'm not that fond of making a SEPA payment for <1 Euro.

I then cancelled the open remaining bids.

Hm, seems like it didn't come through, We check the mailbox a few times a day. Can you please send me a PM with your email address?

Great. =)

I did send such a mail about a day ago.

You are right, we never thought of that! I will let you know when it's done.

In the meantime, you can send such requests to admin at bitmarket dot eu and I will change this for you.

I don't see any way to update my e-mail address on the site. I'd like my transaction mails to go to another address. Is this possible to fix?

Wait a second, you say "...I pay the fee...", then "...the recipient [pays the fees]...".  My understanding is, if the buyer pays the fees, the he must pay extra in order to cover the fees, so that the seller's account is credited with the full contracted sale amount without any further deduction.  If the seller pays the fees, then the buyer pays only the total contracted sale amount, and fees are deducted from that so the seller gets less.

I have accounts in different banks in different countries. In one, euro-zone payments are completely free.  In the other, any payment pays €0.50 fee.  So if I am buying something with the second account, for example, it would not be fair for me to charge this fee to a seller, as it is *my* bank that charges the fee.  On the other hand, suppose my bank charged €0.50 for every *incoming* payment.  It wouldn't be fair for me to charge that to the buyer either, would it?  So I guess the problem is really with paypal, who don't clearly specify if they charge a fee on the buyer or the seller.

[15 minutes pass, while I do some investigating]  Ahhh, scratch that. Now all my confusion is cleared up.  Paypal *does* specify who is charged the fee.  It is the seller:
Eh?  You mean my bank is charging me fees on my euro-zone payments illegally?  Bloody 'ell.  Ah, wait tho', not so.  [More investigation] They just can't make SEPA tranfers more expensive than domestic transfers. See http://en.wikipedia.org/wiki/Single_Euro_Payments_Area#Misconceptions

My bank handles the following criteria for the free euro transactions (these are the EC criteria):
- Transactions in EUR
- Max. 50 000 EUR transaction
- Within EURO zone +Norway, Iceland and Lichtenstein

What do you mean?

Is there a clear fee schedule for SEPA transfers?

I think that you should incentive Bitcoin

To me it's obvious that it is the buyer that pays the fees, like nearly everywhere else.

EDIT: It may not be obvious to every one, though. The only reason we are not updating the FAQ is that some major changes are going to be made soon. I will put up this info there, though.

You are right, and that's how it is working now. The question who will pay the fees (either Paypal or bank ones) is still up though.

Wasn’t the idea to match based on payment method accepted?
When I buy products, hosting etc through Paypal, I pay the fee displayed.
The recipient will then get slightly less due to fees-

So if I sell bitcoins on BM and accept paypal as payment, I expect to make that specific offer for paypal method exclusively, and prepare to pay fees by charging a slight premium vs my other offer in exchange of a SEPA transfer.

Well, it's a trade, so both parties are simultaneously sellers and buyers.  But, to clarify, let's call the seller of bitcoins the "seller", and the seller of fiat currency the "buyer".  Suppose the two parties live far away and the fees are significant.
1. Seller offers bitcoins; buyer agrees to transact.
2. Buyer offers fiat; seller agrees to transact.
In either case, the person offering the transaction will be unpleasantly surprised by the fees, and it seems unfair for him to pay.  The second party agreed to the transaction, and should know that fees would be high.

However, suppose:
 - Seller offers bitcoins at 0.8
 - buyer offers fiat at 0.8 without knowing of the seller's offer.
 - bitmarket.eu matches the two offers
Now who pays the fees?

Thanks, it's fixed now.