Price of the Bitcoin is transparent and volatile in nature so we need to plan based on the market presence and value we see in the marketplace. Always plan for the best price which you see lowest for that week and sell out when you see the decent growth in the marketplace.
Mostly that profit is very low when we see it with low amount as the investment.
Topic: Sell good for BTC when price is unknown yet - page 2. (Read 519 times)
Looks like that. I'm going to charge my own fee for my service, and I'll absorb unexpected shipping costs and Bitcoin price fluctuations.
^ If that is okay for him you can always charge the extra fees for the shipping fee. You need to understand first how bitcoin is volatile and it will move the price every now and then because of this fluctuation happen, this is not fixed to the dollar rate.I'm still at the stage of looking for an escrow now. Just saying.
^ Finding a trusted escrow is the best move here to have safe in your Bitcoin transfer and both parties have a smooth deal. If I were you, I will choose the escrow service in the forum because they already held the worth of thousands of dollars in Bitcoin on their past clients and I think they will not ruin their reputation. But that is only my suggestion. Look at here the link of thread someone making escrow list, https://bitcointalksearch.org/topic/few-trusted-escrow-providers-5047302. Anyway, the seller should be able to do a trick, like increase the estimation shipping cost or the actual price to replace the deposit.
Looks like that. I'm going to charge my own fee for my service, and I'll absorb unexpected shipping costs and Bitcoin price fluctuations.
Shipping cost is not the only problem for you, sometimes the products won't get approved by customs if its send by someone personal on particular country so you need to analyse the receiving country's laws as well before making an estimation because he might say that he didn't receive anything so asking for payback from escrow.
Customs shouldn't be a problem. Product is legal. It's not heavy; it fits in a regular mail package. I think any possibility of surprised custom costs should be paid by the buyer and it should be agreed upon with the escrow.
I'm still at the stage of looking for an escrow now. Just saying.
I'm guessing the deposit is for the currency exchange part(to speed up the process) since OP mentioned the possible delays could go up to a day and wanted to reduce the fluctuations as much as possible.
Ah, I see.. because he uses escrow, it takes days to get the Bitcoin.
It is not fair though if he isn't allowed to add this deposit to the total payment.
Anyway, the seller should be able to do a trick, like increase the estimation shipping cost or the actual price to replace the deposit.
Shipping cost is not the only problem for you, sometimes the products won't get approved by customs if its send by someone personal on particular country so you need to analyse the receiving country's laws as well before making an estimation because he might say that he didn't receive anything so asking for payback from escrow. If everything clear on the receiver's country then you could ask for $50 for shipment in total and return back if there is any left amount on that $50.
Imo the approval is less of a problem for them unless the product that he's buying for someone is something unusual like guns or other weapons. Without knowing the country of the receiver and size of the product it's hard to say that $50 could be enough for the shipping cost.What the deposit for, by the way?
I'm guessing the deposit is for the currency exchange part(to speed up the process) since OP mentioned the possible delays could go up to a day and wanted to reduce the fluctuations as much as possible.
Shipping cost is not the only problem for you, sometimes the products won't get approved by customs if its send by someone personal on particular country so you need to analyse the receiving country's laws as well before making an estimation because he might say that he didn't receive anything so asking for payback from escrow. If everything clear on the receiver's country then you could ask for $50 for shipment in total and return back if there is any left amount on that $50.
But the buyer insists there is no need for a deposit, that using an escrow is enough. The problem is I don't know the exact price of the shipping until I'm at the post office with the product already purchased ready to be sent, and we don't know what the price of Bitcoin in A's currency will be at the time of purchase. There could be a day or two between the time he sends Bitcoin to the escrow, and the time the product is bought.
What the deposit for, by the way?
There must be an estimation cost for any products like per kilogram or anything which lets you know without need to bring the product to post office or any shipping company office.
Does the post office have a phone number to contact? you can estimate the amount but if you think that you're doubtful with it, you should call them instead and verify on how much it would cost the shipping base on the information that you will transact with.
Take time and don't rush because one mistake and you'll either be shouldering the expenses which you shouldn't.
Take time and don't rush because one mistake and you'll either be shouldering the expenses which you shouldn't.
If you are used to do this, what's the usual, safe way?
Do not make a deal unless you make sure that all the payments "maximum values" have been deposited to the collateral so you can start making the deal.With regard to price fluctuation, you can request that the transaction in stable coins and then pay the conversion fee to BTC.
The collateral can bear any excess costs to the second party and stable currencies will improve stability.
Above suggestions are pretty good, if you have problem with the cost of courier. I think the best way is to ask them the MAX fee then told it to your business partner, if the cost will not reach the max fee then that surplus money will be given back to him or keep it with you with his permission and use it for future transactions.
Well, if the product you want to buy is not that heavy, you can use and estimate what will be estimated cost of the product if it will be delivered on the logistics with their calculator on their website for overseas transfer, with the destination address and sending address, just add the amount of the escrow fees which is I'm sure is fixed.
Once its settled, then let the buyer send the total amount to the escrow, and let you buy the product then process the delivery to the buyer.
And if you're worried about the fluctuation of the btc price then so be it, it's normal and you should risk if you're accepting the payment as BTC.
Once its settled, then let the buyer send the total amount to the escrow, and let you buy the product then process the delivery to the buyer.
And if you're worried about the fluctuation of the btc price then so be it, it's normal and you should risk if you're accepting the payment as BTC.
There could be a day or two between the time he sends Bitcoin to the escrow, and the time the product is bought.
If you are used to do this, what's the usual, safe way?
Never ever purchase a thing if the btc arent still being held by the escrow.If you do concern about international shipment then you can always If you are used to do this, what's the usual, safe way?
ask the courier or post office on how much it would be charged for that particular item into a specific destination.They can already give you out
the charges on just giving those details.Then you can total it up and adding up some % for overall charge in btc. Fluctuations in the time of transaction? Deal with it.
I've been contacted by someone in another country (B) who wants a product from the country where I live (A). He would pay me in BTC to buy the product and ship it to him.
I want to make an estimation of the price of the product + price of shipping, add a deposit %, and divide by an estimation of Bitcoin price in A's currency, to know how much Bitcoin he should send to an escrow at first. Then I'd buy the product, ship it, and I'd take Bitcoin's price at the time of both events, to know how much it really costed. Then the escrow could send me the real price in BTC, and the difference back to the buyer in country B.
But the buyer insists there is no need for a deposit, that using an escrow is enough. The problem is I don't know the exact price of the shipping until I'm at the post office with the product already purchased ready to be sent, and we don't know what the price of Bitcoin in A's currency will be at the time of purchase. There could be a day or two between the time he sends Bitcoin to the escrow, and the time the product is bought.
If you are used to do this, what's the usual, safe way?
I want to make an estimation of the price of the product + price of shipping, add a deposit %, and divide by an estimation of Bitcoin price in A's currency, to know how much Bitcoin he should send to an escrow at first. Then I'd buy the product, ship it, and I'd take Bitcoin's price at the time of both events, to know how much it really costed. Then the escrow could send me the real price in BTC, and the difference back to the buyer in country B.
But the buyer insists there is no need for a deposit, that using an escrow is enough. The problem is I don't know the exact price of the shipping until I'm at the post office with the product already purchased ready to be sent, and we don't know what the price of Bitcoin in A's currency will be at the time of purchase. There could be a day or two between the time he sends Bitcoin to the escrow, and the time the product is bought.
If you are used to do this, what's the usual, safe way?
Jump to: