Pages:
Author

Topic: How tyrannical is Bitmit to sellers? (Read 3188 times)

hero member
Activity: 546
Merit: 500
June 28, 2013, 12:40:58 PM
#23
Probably everyone here knows that PayPal is horrible to eBay sellers, taking the buyer's side practically every time, and no amount of photographic evidence can convince them that you the seller really did ship the item purchased.

Enter Bitmit, an eBay clone that operates in Bitcoin. Does anyone know how fair the are with regards to their escrow service? How does a seller prove they shipped the item? How does a buyer prove they didn't get it? I'm a little hesitant to sell on Bitmit just because it is not nearly as established and "safe" as eBay.

Ebay/paypal disputes always fall down to proof of postage. There are very limited options that they accept as 'proof of postage'. For example in my country (Australia) the only accepted method is Australia Post Registered which comes with its own tracking number. Although it's recently been upgraded, that product used to have no online-tracking but ebay/paypal could call Australia Post and verify with their internal records things like the package details, destination, delivery status etc.

Can seller provide proof of postage?:
YES: --> SELLER WINS DISPUTE
NO: --> BUYER WINS DISPUTE --> FORCED REFUND

I imagine bitmit has a similar system. If you are ultra paranoid, you could film yourself packing the item up for shipping. This might be useful if disputing the condition of the arrived item. You should obviously pay a little extra for shipping methods that have some kind of tracking, online tracking would be the most convenient as I'm not sure bitmit mods would actually call couriers and postal services around the world like I know ebay/paypal has a whole department for.
newbie
Activity: 15
Merit: 0
June 28, 2013, 11:34:33 AM
#22
escrow just release, i just received my bitcoins... i think im in love  Grin
newbie
Activity: 15
Merit: 0
June 28, 2013, 11:32:46 AM
#21
listed my first sale yesterday, sold early today, but its over 2hours now buyer has yet to release escrow payment.

I'm looking to see how long the release of funds with take.



Has they buyer recieved the product in question yet ?

Yes, Its a digital product i made it instant auto delivery
newbie
Activity: 7
Merit: 0
June 28, 2013, 10:35:42 AM
#20
Guys who made conflict resolution system for eBay and PayPal are now starting a separate business "Modria". An online dispute resolution, mediation, arbitration system. When they speak on YouTube about their philosophy everything becomes clear. They openly say: make decisions fast, not necessarily fair. If you cannot make it both fast and fair, then sacrifice fairness. Implied message is that customers follow human nature and not reason. They swallow better unfair resolution than long process.

https://www.youtube.com/watch?v=cFJOyF_m5ho
hero member
Activity: 910
Merit: 1000
Items flashing here available at btctrinkets.com
June 28, 2013, 10:16:52 AM
#19
listed my first sale yesterday, sold early today, but its over 2hours now buyer has yet to release escrow payment.

I'm looking to see how long the release of funds with take.



Has they buyer recieved the product in question yet ?
newbie
Activity: 15
Merit: 0
June 28, 2013, 08:47:53 AM
#18
listed my first sale yesterday, sold early today, but its over 2hours now buyer has yet to release escrow payment.

I'm looking to see how long the release of funds with take.


newbie
Activity: 34
Merit: 0
January 11, 2013, 03:56:30 PM
#17
use escrow and everything will go ok.
hero member
Activity: 910
Merit: 1000
Items flashing here available at btctrinkets.com
January 11, 2013, 09:34:28 AM
#16
The escrow provided by Bitmit is really a very good idea.  It would be great if such a low cost service was offered by ebay or paypal...  Does anyone have experience with it? 

I have listed my first item on Bitmit as a trial.  http://www.bitmit.net/en/item/13230-1-oz-silver-maple-leaf-coin



I have had ~20 sales go trough bitmit escrow and I have nothing bad to say so far, apart from the fact that I dont know who is actually holding the money.
member
Activity: 71
Merit: 10
January 10, 2013, 07:11:53 PM
#15
The escrow provided by Bitmit is really a very good idea.  It would be great if such a low cost service was offered by ebay or paypal...  Does anyone have experience with it? 

I have listed my first item on Bitmit as a trial.  http://www.bitmit.net/en/item/13230-1-oz-silver-maple-leaf-coin

hero member
Activity: 910
Merit: 1000
Items flashing here available at btctrinkets.com
January 10, 2013, 04:24:02 PM
#14
I have nothing to complain so far, havent hit any disputes yet and I most certainly doing anything I can to avoid them in the future.
member
Activity: 81
Merit: 16
Crypto-Commodities are the People's Money!
January 10, 2013, 04:07:01 PM
#13
Sounds like an interesting alternative to Ebay I will have to send it to my research guys to check and see if it is a good website or not thank you for sharing!
newbie
Activity: 1
Merit: 0
January 10, 2013, 03:11:06 PM
#12
Now, its not the point ebay system or bitmit system all these creative people who believe so much in bitcoins  will see the importance of this btc auction /network platform as bitmit .There will be always negative points ,but to offer the software teams and the marketing teams who work on the exploitation for a good btc auction site is the best solution to offer them enough financial funds.
On this i suggest to all bitcoin fans and those who believe in small trading on the new markets ( Azie,Africa,India,etc...) ,and on all the parents who believe in the educative lessons for there children on worldwide communication and internet use .To offer there support to a btc auction platform and maybe there is a possibility to buy some participation in this company ?? if there are enough people who react to them Huh
newbie
Activity: 48
Merit: 0
April 05, 2012, 07:08:37 PM
#11
I use escrow on bitmit and it works almost flawlessly. Sometimes you'll have someone who forgets to release the money, but in all my cases, they've turned up eventually.
newbie
Activity: 28
Merit: 0
April 05, 2012, 06:21:04 PM
#10
Probably everyone here knows that PayPal is horrible to eBay sellers, taking the buyer's side practically every time, and no amount of photographic evidence can convince them that you the seller really did ship the item purchased.

Enter Bitmit, an eBay clone that operates in Bitcoin. Does anyone know how fair the are with regards to their escrow service? How does a seller prove they shipped the item? How does a buyer prove they didn't get it? I'm a little hesitant to sell on Bitmit just because it is not nearly as established and "safe" as eBay.

I discovered bitmit earlier today and have these same questions.  Their built-in escrow service is quite interesting.  I'm hoping to see if anybody here replies with their experiences..
hero member
Activity: 482
Merit: 502
April 03, 2012, 07:50:32 PM
#9
Advantage of bitmit over ebay is that communication between buyer and seller is not restricted.

Many miss-understandings can happen when you disable direct comunication.
In the end, only solution for me on ebay was to left negative feedback (first negative feedback for that seller). If there were any possibility to chat with seller for a while I think the problem could have been solved.

I have not bought or sell much, but my experience with bitmit is positive.
I have been scamed once and was offered help by bitmit owner. I let it be because I knew the risks from beginning.
full member
Activity: 126
Merit: 100
April 03, 2012, 07:26:02 PM
#8
I have had several buyers disappear without paying or responding to messages. This is the only problem I'm having, but this isn't really bitmit's fault.
newbie
Activity: 12
Merit: 0
April 03, 2012, 04:00:27 AM
#7
I have had no issues with PayPal, chargebacks and disputes are a part of it.
As long as you run a honest business and have shipping labels they are great.
hero member
Activity: 529
Merit: 500
April 03, 2012, 02:36:47 AM
#6
As a seller, I haven't yet had any troubles with buyers. The dialogue with Bitmit has worked very well this far.
R-
full member
Activity: 238
Merit: 100
Pasta
March 31, 2012, 08:06:55 AM
#5
As volume rises, I suspect more and more disputes will be filed between buyer and seller. I suppose I will wait and see before starting to use bitmit.

Robert
hero member
Activity: 532
Merit: 500
March 31, 2012, 12:34:04 AM
#4
I don't have personal experience with them, but I have seen several people on the forum who've used bitmit, and I've not seen any complaints yet.
Pages:
Jump to: