You're going to run into reverse transaction fraud if your customers are allowed to use anything other than wires or certified payments. How will your company handle that? Will you have a CIP/KYC program to go after customers that abuse the system and/or are your transactional fees just atrociously high to manage the risk? Your 10 bitcoin deposit requirement seems too weak to deter sophisticated fraudsters (of which you will be inundated with).
What happens if the seller simply says the buyer's money never arrived and asks for his bitcoin back from your company? Can your company independently verify receipt of payment?
Also, logistically speaking, how will this work across different countries? It can take days for a transaction to clear, in which case the price of the bitcoin may fluctuate wildly and buyer/seller may no longer be interested in the transaction.
Topic: I'm looking for people to sell Bitcoins at upto 10% markup on Bitstamp price. (Read 3076 times)
September 06, 2013, 10:13:29 AM
September 05, 2013, 10:49:10 AM
Curious:
If someone make a cash deposit into my bank account then can that be reversed, if so how can that be reversed?
If someone make a cash deposit into my bank account then can that be reversed, if so how can that be reversed?
It should depends on the bank, but if you go in the police and say that you never did the transaction, the police can ask the bank to revert the payment, and say to the other bank to delete it, and remove it from the account.
It should not happen often though.
September 04, 2013, 05:28:30 PM
Curious:
If someone make a cash deposit into my bank account then can that be reversed, if so how can that be reversed?
If someone make a cash deposit into my bank account then can that be reversed, if so how can that be reversed?
September 04, 2013, 05:21:19 PM
This will be useful for BTC sellers in Asia side. There's no reversed feature for direct bank deposits in my country, Malaysia. Will contact you soon.
September 04, 2013, 10:56:31 AM
SEPA payments can also be reversed.
Only national bank transfers (in Germany) can't be reversed without asking the account holder, but if he declines, he'll run into a lot of trouble. And unfortunately, it turned out that there are a lot of ways to forge transactions. Ask the staff at bitcoin.de -- this is a very problematic story.
Only national bank transfers (in Germany) can't be reversed without asking the account holder, but if he declines, he'll run into a lot of trouble. And unfortunately, it turned out that there are a lot of ways to forge transactions. Ask the staff at bitcoin.de -- this is a very problematic story.
Only unauthorized transfer can be reverted.
If you have ID of the owner of the account + proof of residence + authorization, it won't be possible to revert it.
September 04, 2013, 09:58:25 AM
SEPA payments can also be reversed.
Only national bank transfers (in Germany) can't be reversed without asking the account holder, but if he declines, he'll run into a lot of trouble. And unfortunately, it turned out that there are a lot of ways to forge transactions. Ask the staff at bitcoin.de -- this is a very problematic story.
Only national bank transfers (in Germany) can't be reversed without asking the account holder, but if he declines, he'll run into a lot of trouble. And unfortunately, it turned out that there are a lot of ways to forge transactions. Ask the staff at bitcoin.de -- this is a very problematic story.
September 04, 2013, 08:24:31 AM
I don't really understand ...
Why would anyone buy BTC at bitstamp + 10% and pay with a SEPA transfer when they can just do the SEPA transfer to bitstamp and get a 10% discount?
Why would anyone buy BTC at bitstamp + 10% and pay with a SEPA transfer when they can just do the SEPA transfer to bitstamp and get a 10% discount?
August 28, 2013, 02:18:30 AM
What is your daily volume?
And is this for European only? US based sellers don't have access to SEPA.
And is this for European only? US based sellers don't have access to SEPA.
I'm not sure about volume levels yet as I have set the price and minimum purchase quantity quite high during testing.
I can support any bank account type, but as far as I understand it payments into US bank accounts can be reversed so I wouldn't be able to protect the seller.
August 27, 2013, 11:46:30 AM
What is your daily volume?
And is this for European only? US based sellers don't have access to SEPA.
And is this for European only? US based sellers don't have access to SEPA.
August 27, 2013, 10:08:17 AM
It's now possible for StrongCoin users to buy Bitcoins through a new "Buy Bitcoins" feature on the site. The features is aimed at people who are new to Bitcoin.
I am looking for people who would be willing to take orders from our users and sell them BTC. You will need to provide a bank account and we are only currently supporting payment methods that can't be charged back.
The order process from our users goes like this.
1. User enters amount of BTC to buy and the payment method they want to use (i.e. SEPA)
2. The site scans through all the available sellers and matches the payment method against the best rate.
3. If the user accepts the quote they can then see the bank details to send payment to.
As a seller you would need to do the following.
1. Wait for emails from StrongCoin showing you that an order has been made.
2. Wait for the payment to enter your bank account.
3. The payment will have a reference code, enter the reference into Strongcoin when you have sent the Bitcoins.
4. The order will now be marked as complete.
One more thing.
You will need to leave a BTC deposit at StrongCoin. The deposit will be for the amount of BTC you wish to trade. For example if you want to receive orders up to 10BTC, you will need to leave 10BTC deposit. This is to deter scammers from collecting funds and then not sending the BTC.
If you are interested please PM me or even better contact me through the StrongCoin contact page. https://www.strongcoin.com/en/contact
I am looking for people who would be willing to take orders from our users and sell them BTC. You will need to provide a bank account and we are only currently supporting payment methods that can't be charged back.
The order process from our users goes like this.
1. User enters amount of BTC to buy and the payment method they want to use (i.e. SEPA)
2. The site scans through all the available sellers and matches the payment method against the best rate.
3. If the user accepts the quote they can then see the bank details to send payment to.
As a seller you would need to do the following.
1. Wait for emails from StrongCoin showing you that an order has been made.
2. Wait for the payment to enter your bank account.
3. The payment will have a reference code, enter the reference into Strongcoin when you have sent the Bitcoins.
4. The order will now be marked as complete.
One more thing.
You will need to leave a BTC deposit at StrongCoin. The deposit will be for the amount of BTC you wish to trade. For example if you want to receive orders up to 10BTC, you will need to leave 10BTC deposit. This is to deter scammers from collecting funds and then not sending the BTC.
If you are interested please PM me or even better contact me through the StrongCoin contact page. https://www.strongcoin.com/en/contact
Jump to: