....
You guys must run a very lean company to be able to survive on such little fees!
Or how about somebody who has been screwed by Paypal and refuses to work with them on ethical principles?
This sounds like you're describing me. I've had so many problems with Paypal, people reversing payment on me after sending them very expensive products, and Paypal does nothing about it. On my most recent business they just decided they didn't want to be associated with it even though it was perfectly legal and closed my account down and locked my funds for months.
Exactly.. a decentralized policy is a paradaigm shift over central policy makers. Ive had similar issues. Depends on which way wind blows.
This kind of stuff is exactly what makes me excited for the future. Decentralized platforms are going to be for the good of all, instead of prioritizing benefiting the few people that managed to come up with the idea first.
Pretty much everyone who uses Paypal to receive payment has been on the wrong end of a support ruling there - they treat buyers better than sellers, because they know sellers have no choice to suck it up. Furthermore, Paypal is owned by Ebay, making Ebay/Paypal a giant monopoly with very little real competition. The exorbitant Ebay/PP fees get pulled directly, right out of the vendors account, "no payment necessary" (and vendors had no choice but to suck up these new payment terms or get banned). They're getting to be almost as bad as Comcast in the customer service department as well. Often these characteristics (monopoly, poor service, high fees) are perfect indicators of a dinosaur corporation that needs to suddenly become extinct. There is a long way to technical mastery of running a market decentrally, and consumer adoption will certainly take time. But looking at the Blockmarket product offerings, I'd say it's not THAT far away.
Of course there will also be problems in decentralized markets, with scamming vendors and/or frozen escrows. However it appears that these problems are mitigated by reputation systems and the occasional iron fisted banhammer on a vendor. Scamming buyers is less of a problem, as the losses are limited. Generally, the wholesale/retail wall is broken down, leading to better prices for buyers and sellers!
Finally, using cryptos to pay for goods on a decentralized market should in theory be safer than using a credit card, because there is no "shared secret" requirement. No more giving somebody you don't know your credit card number!
Agreed, eBay, Paypal, Amazon, Alibaba all have huge monopolies respectively. We've had tons of merchants really excited by our upcoming Blockmarket Web release.
Many have tried and abandoned the idea of selling online due to the huge cuts that these companies take. Currently, only large merchants are benefited from those models, those can affort the cut taken and can buy in bulk at much lower prices. It is a system that truly only benefits the already wealthy.
Blockmarket Web will open the commerce door to almost everyone in the world.
Approximately 4.93 Billion people will be cellphone users in 2018 (up from 4.77 Billion in 2017):
https://www.statista.com/statistics/274774/forecast-of-mobile-phone-users-worldwide/ , which means almost 100% has access to use a one device could be shared by a few people.
Less than half of the world, however, has access to a bank account. Most of the world is "unbanked" and even then banks are highly restrictrictive on how you can do business, and they charge expensive fees such as wire-transfers & withdrawals, restrict which countries you can do business with, etc.
I wouldn't be where I am if that wasn't the case!