Online purchases with Btc? | Bitcointalksearch.org

brontosaurus

sr. member

Activity: 441

Merit: 250

Quote from: pattim on January 08, 2018, 12:11:54 PM

I was looking at buying a miner with Btc - but I realized I have no guarantees at all about what I will get. You know, with Amazon there's that return guarantee and all, but there's nothing with bitcoin. If you order something, send the Btc, then don't receive the product, you can't ever get the Btc back - how do you know an online sale isn't actually a scam?

Thanks!
noob

This is a big demerit of decentralization. Its just you and the seller there is no third party who can provide you some security on the transaction. If you have any dispute with each other both will be at loss. However in BTC we generally solve these problems by taking help of a escrow or third party who holds fund until you receive the product.

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: pattim on January 08, 2018, 12:11:54 PM

I was looking at buying a miner with Btc - but I realized I have no guarantees at all about what I will get. You know, with Amazon there's that return guarantee and all, but there's nothing with bitcoin. If you order something, send the Btc, then don't receive the product, you can't ever get the Btc back - how do you know an online sale isn't actually a scam?

Thanks!
noob

Have you tried in the bitmain site buddy, this is the most trusted site which can give the ASIC machines and PSU to the international delivery. Recent days bitmain delivery is making more late than all the time.
I have found this issue from the time chinese government bans the bitcoin till that time to now there is delay made by them bro.
None of the cash on delivery option is not as of now for ordering the miners.

mocacinno

legendary

Activity: 3514

Merit: 5123

https://merel.mobi => buy facemasks with BTC/LTC

Quote from: pattim on January 08, 2018, 12:11:54 PM

I was looking at buying a miner with Btc - but I realized I have no guarantees at all about what I will get. You know, with Amazon there's that return guarantee and all, but there's nothing with bitcoin. If you order something, send the Btc, then don't receive the product, you can't ever get the Btc back - how do you know an online sale isn't actually a scam?

Thanks!
noob

You never know... If you're using crypto currencies to pay somebody, there is no way to cancel your transaction, there is no central authority to reimburse you if things go south... That's basically both one of the strongest features and one of the biggest problems for crypto's in online retail shops.

For the shop owner, it's a big pro, since he can eliminate the man in the middle, the fees used to be really cheap, transactions are broadcasted allmost instant and they used to be included in the blockchain in a matter of 5-10 minutes, there are no chargebacks, there are no country restrictions,... These pro's could (theoretically) allow a shop owner to add a smaller margin to their products...
For the buyer the pro's are not as big: theoretically, the products "could" be cheaper, you can invest in crypto's while using BTC as a payment method, you can avoid some taxes or country regulations,...

If you plan on using BTC as a payment method, you need to educate yourself about the shop you're shopping at BEFORE paying.

SocialMediaManager

newbie

Activity: 57

Merit: 0

Well if you create an advcash wallet and request a card (it will take sometime) you should be able to use it to buy stuff using your BTC, but of course it will be converted to either USD or EUR as per your request.
open advcash and take a look there maybe it will interest you.

pattim

newbie

Activity: 30

Merit: 0

I was looking at buying a miner with Btc - but I realized I have no guarantees at all about what I will get. You know, with Amazon there's that return guarantee and all, but there's nothing with bitcoin. If you order something, send the Btc, then don't receive the product, you can't ever get the Btc back - how do you know an online sale isn't actually a scam?

Thanks!
noob

Topic: Online purchases with Btc? (Read 138 times)