Topic: What is important for you when buying things online with bitcoin? - page 2. (Read 708 times)

Well, that's where everything comes, people would not use any platform/service no matter how great the product is if the site itself is cannot untrustworthy.

I am ready to buy any things, any clothes, electronics, etc. It is not so important.
The most important thing for me is safety and reliability. Therefore, I do not make any orders using Bitcoin, if I'm not sure about the reliability of the service.

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There have been a great support from you people that are interested in this platform. I have decided to give this project an extra gear and put more spare time to see this project become an reality. TheBitcoinWarehouse will be a platform for people to buy products with their Bitcoin.


Background information

First of all, i want to be transparent with who I am and where i come from. Won't be disclosing to much information about my personal details but you can call me Nils.

I'm a 21 year old student in Psychology and have been interested in technology since i was a child. Trial and error is the most beautiful learning experience as it gives you more information on how you should think and do things. I've developed websites and online stores since 2014 and have great knowledge in this area. I understand the fundamentals of Bitcoin and blockchain technology. I believe in Bitcoin in the long term and i think that using this technology is just the beginning of something big. I live in Norway currently but born and raised in Sweden. 


Solution

TheBitcoinWarehouse will be the go to website when you are interested in buying products with your Bitcoin. I want to start small and scale organically as i think this is the best solution. I will start a real company in my name and use the laws that are applied in this country when selling products via Bitcoin. I have a great network of suppliers and will provide high quality products as branded clothing, jewelry, watches, home furnishing, electronics, mobile products and much more.

I will apply your thoughts into the website and offer a great service where i as a true business owner will stand for your rights when using bitcoin as a payment method. I will be able to offer a great support and the risk of not getting your products is 0%(If not the shipping courier does their job right lol). If this happens i'll be able to support you and either ship a new product or money back.



Idea

The idea is simple, in the beginning i will offer a simple webshop where you can buy these things. The payment provider will be Coinbase commerce and you will be able to buy products with your Bitcoin, just as when you use Fiat when purchasing something online. When the Webshop is ready for the next step i will be able to produce a platform where people can deposit their Bitcoin into the website and buy things for an even more reasonable price.

Request

I am looking for people that are willing to test the webshop and the whole procedure of getting the products. Trial and error, remember? I will be able to offer a great variety products for buying price! Free shipping of course!

Send me an PM and i will discuss this future with you!


Extra

I have been lurking around and seen that many people use escrow services. This solution is great when using buying something from another person. TheBitcoinWarehouse to start with will not be a platform where this will be offered to their customers.

Instead i think that if you can implement the idea of using blockchain technology to integrate real business owners into the platform. The idea of creating a token that will work with PoW or PoS with the business owners working as either workers(miners) or stakers. This would create the legitimacy and the security for the customers to receive great support and get their products as promised.

This is just an idea yet but if someone are interested in discussing this even further and willing to help let me know and i will send you an telegram channel invitation.

 



Structure and work plan

Q2 Launch the website
Q3 Upload more products and make the website grow organic
Q4 Platform launch
Q1 2020 token?!?!?!?!

Thanks again for taking your time reading this and I'm looking forward to hear your thoughts on this even further!

Have a great day!

Sincerely,
TheBitcoinWarehouse
/ Nils

You can just leave it to someone's name (might be your relative or someone's close to you) and address where you want to pickup/deliver the bought item(s) which is I always do.

Thanks for clarifying that for me! Thanks for your opinion!


Thanks for your input! If you'd like to see any particular product in the store, don't be afraid to send me an PM and i will see what i can do!


Thanks, i am currently looking into the different address problem. I think the best thing would be that instead of using a third party the funds would be sent from A{Customers adress} to B{Store BTC wallet}. I have been looking into coinbase commerce and i think that solutions should work great! Don't you think?


Thanks for your input!


I will be looking more into how to use Lightning network as a payment provider. Good input and thanks for your help!


Great input, regarding the anonymity. How would you be able to get a package shipped to your without leaving your Personal name and shipping address specifically?


Great inputs, i think that the solution here is that the store owner{me} takes the big straw. I think that using providers from different countries in the world is possible. Without the necessity to store the users information. I think this is a solution A(Customer buys products that he wants, pays in BTC. Provides the shipping information) B(Shop owner{me} Receives the BTC, ships to the product to customer or if i use third party C(Buyer receives product.)   

What do you guys think about this solution?



True! I like this, very interesting and very resourceful and useful for developing more knowledge about Bitcoin!



Good input! Thanks for you help!


Good input! Thanks for your help!



Interesting input, what do you think is a reasonable shipping price for worldwide shipping?


Thanks for sharing your inputs! I've looked into bitpay and i don't really like their idea. Coinbase Commerce sounds more promising.


Thanks! Really good input, haven't thought of this before.



This is something that i think is possible to do with a great customer experience.

Thanks!


To all of you that have taken your time and have given your opinions on this. Thank you so much!

I will do another post that will explain some of my ideas even further and i see a great potential in this. There will be an poll on what items that your would be most interested in first and also i'm looking for people that wants to be test users of the beta website.

Thanks again and may Satoshi be strong with you. HODL STRONG!

BTC

There are different important things on buying on an online eCommerce website, Most of the customer including me wants to have fast shipping and free shipping if possible of course. Quality service is a must also, As a customer we want to have the order we get on a condition we are expecting, Stealing and mishandling of parcel is quite common these days because of the irresponsible shipping couriers that can give a bad reputation to the online shop. Security is also needed in terms of we are buying items using crypto so we expect an online eCommerce website to have good security that it can't leak our info in their database.

There should be a refund policy in case the customer does not like the goods or the goods are reached to him in damaged conditions etc.

However, the main thing is when you pay in bitcoins, you should keep note of the few things.

1- You would send the amount to the designated address carefully as if the address is typed/copy wrongly, the bitcoin will be send to wrong address and can never be recovered or returned.

2- Send the exact amount as shown on the website. Anything send in excess will not be returned.

There are some sites out there that had bitcoin payment integration but no refund policy integrated unlike fiat. This should be looked into by most startup looking into opening an ecommerce platform for people to pay with bitcoin. Among the thing I look at before making any bitcoi payment into any system is the review from other buyers, followed by security and the policies attached to this platforms. Most people don't endeavour to read about a platfrom policy which is something important when dealing with an ecommerce platform.

There is a lot of important factors when I chose to spend my Bitcoins online. And in general, when I buy something online.
Security, good design of store, responsive support is obvious things, so I don't even talk about it. Delivery should be fast - few days if it's in same country and not longer than month if it's overseas. Multiple delivery options is needed IMO, for example registered mail and companies like DHL. Price of goods should be reasonable and it shouldn't cost much more expensive than on other stores.
And probably most important thing for me when I want to spend Bitcoin - don't use BitPay payment proccessor. It's terrible and I'm not going to spend single Satoshi on store which use it.

I think the best example for a good site to use Bitcoin as a payment method is Overstock.com. For those of you who still don't know it yet it is like the Amazon version of Bitcoin users around the world, it even has better international shipping coverage compared to Amazon since they use a 3rd party (FedEx) to handle its shipping needs. What they do use to implement their Bitcoin payments is Coinbase Commerce but you don't necessary need to log-in to your Coinbase account nor need it as you can just scan the QR code after picking the Bitcoin option. But if I were to nitpick and suggest a better feature I think is of course having a cheaper shipping cost because some of their shipping cost (also depending on the seller)  considering how far you are are more expensive than the item you will be buying.

In addition to other suggestions:

• In regards to shipping, having the ability to choose among various couriers is a plus.
• A point system that gives each user some points ^{[depending on their purchased amount]} that equates to certain amount of discount for their future purchases.
• In-depth screening for sellers.
• Buyer protection program ^{[like eBay]}.

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Bitpay isn't that good ^[proof]...
^{- @OP: I suggest looking for other alternatives instead.}

What a bizarre way to process invoices -- it boils down to chance. I've seen the network go 2 hours before without a single block being found.

I've had trouble with processors who have really poor node or API uptime/connectivity, and don't detect payments in time. CoinPayments invoices tend to time out no matter when you send the payment. I've also had trouble with CoinGate, although the experience seemed to improved the last couple times I used them.

Bitrefill's checkout process is very smooth. Other merchants and processors should take note.

For me most important is easy integration. I don't like much complicated getaway. Second thing is fast deposit, sometimes websites required more confirmation. Even some of them delay deposit although there is more than 6 network confirmation on the bitcoin blockchain. This is disgusting for me. Another thing is secure, your website must secure by various protection in order to save deposited funds. Users should able to withdraw their fund if they don't like to buy product from you in case. Don't forget about deposit/withdrawal fees. I always avoid who ask higher deposit/withdrawals fees. Users must have to feel secure & comfortable when they will enter your site.

You're welcome.

I hope what I have said will be absorbed with what you are planning to do and what you will try to build in the future. Compiling and considering the other suggestion too will be much helpful to you. 

I think about the buyer who can login to the website using a unique id encrypted with a strong password. In his profile, he can see his balance and use it easly for withdraw and deposits. Balances can be synchronised with navigator based wallets like Jax or MetaMask (eth) or simply connected with a third part gate like BitPay for deposits and setup a process to generate transactions for withdraw operations, you would have to set a hot wallet to control the paiement system.
Those tips are from general view and i advice you to take a look at namechip for example offering hosting services where you can pay using bitcoin but they don't allow the withdraw.

Thinking about full anonymity in a physical marketplace would be hard to set, i know. But i can imagine that you find a partner in every country you will provide service, your partner receives the product in his address and i (as a buyer) give him a proof of paiement or facture taken from your website without telling my name or address.
Worldwide shipment would be so hard as many country enforce extra fees for douane tax of any product.

Well, the website's security and numbers of available products, worldwide shipments, user-friendly should be given and considered in the first place.

One of the important things I considered when buying things online with bitcoin is being anonymous, by means that it didn't require the user to make any kyc thing or any personal related information stored in the website, just an email address and make an external payment which doesn't require to deposit in the website, lightning should be considered as well.

To be honest I didn't use my Bitcoin as a payment regularly. Sometimes I used it occasionally when I saw that the market was pumped price.

The most important thing is, of course, the brand name of the merchants that already well known and trusted enough for your orders and fast shipping even worldwide(but I prefer on local merchants). This is the reason why I use Bitcoin occasionally as payment because of the high fees. Maybe if merchants allow using Lightning Network for Bitcoin payment that can transact micro payment it is a good idea.

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I like what have said the post above that merchants will not use the same Bitcoin address, it will automatically generate a new payment address when you having a payment.

I think.I'm really like using bitcoin because it's simple and the price of bitcoin is fantastic and can be used as an asset not just for sale and purchase in the exchange market

Privacy and a smooth interface. Lightning would be a bonus.

Make sure you generate a new address for each customer for each transaction. I would not be happy using a service which only gives me a single address to pay to.

I've ran in to problems with some services who calculate prices in fiat, and give a price in bitcoin. Most will give a window of something like 15-30 minutes for the transaction to be made, and after that the transaction will be cancelled to protect from price changes. However, there was one I used in the past which wanted the transaction to be confirmed, not just broadcast, within the 15 minute window. Even with a high fee, sometimes that is impossible if there is a longer delay to the next block being found. It was then a total hassle to get them to credit my transaction against a future purchase.

In that case, maybe take a look at how Bitrefill works. You can pay the exact amount required when you place an order, but you can also deposit BTC to your account, and then pay from your account balance instantly when placing an order. Sometimes when I use it, to save on generating small change outputs, I'll transfer a whole UTXO to my account and then buy what I need, leaving the extra few bucks in my account. As much as I don't like ever leaving my funds on third party sites, it's only ever a small amount so I don't worry about it, and I'll always spend it in the not too distant future.

• I don't mind paying extra for faster shipping, and I am sure your customer will not have a problem with that too.
  
• 2 weeks or 3 weeks for the maximum of shipping time will not be a problem. If you have faster shipping, then that would be great for your customer, and I think they can choose the faster shipping option.
  
• I think you can add Mobile Phone, Electronics, Kitchen and Dining, Computer & Accessories, else. You can try to browse in Amazon and check which category that have a huge buyer.