Bitcoin Money: How to sell stuff for bitcoin
Channel: Bitcoin Money Center
Date: 06/01/2018

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Sell your old stuff.

Do you have some personal items you want to get rid of? Do you need to generate some bitcoins? Then, I will identify you here how to accomplish both.

Just how does this work?

Offering stuff on-line to acquire bitcoins is very similar to selling goods for income on Ebay or Craigslist. All you have to do is post an ad on-line describing the product, and buyers should contact you or easily place bids. In case the items you happen to be selling happen to be downloadable or perhaps pretty little (to be shipped), you don't prefer to disclose your personality or gratify the consumer. If you're selling a big product like a car, a house, etc, you'll wish to gratify the client in person, to be able to, seal the deal.

Who also starts it?

As the seller, you need to make the terms. You can request the consumer to send the payment, in bitcoins, first, on the other hand you prefer to have a well reputation, as a very good seller, to proceed this way. In case you're a fresh seller, and ask for payment first, you won't acquire any interested buyers. Some thing you want to find out is that bitcoin deals are not reversible, therefore there's no buyer safety available opposed to dishonest seller who don't send the product every time the bitcoins has been sent.

Establishing the bitcoin seller's status.

The top way to build your reputation as a seller, is to sell your goods in sites that have a feedback system. First do some transactions with currently established buyers. This should help you get different sales at the start up, where you offer to send the products earliest, and enable buyers send the bitcoins once they get the products. In case you're going to ship the items first, make sure the consumer has a very respectable reputation, that way you'll reduce the chances of losing cash. It may happen that the client will by no means send the bitcoins every time they create the items.

Use an escrow service.

For fresh buyers and seller, the best strategy to begin is by using an escrow service. You'll have to spend a little fee, even so it shields the transfer from scammers. The 3rd party escrow site handles the money and also resolves the disputes. It's a common carry out for buyers and sellers to insist on putting in an and escrow service for fresh persons.

Escrow service procedure.

1) The buyer deposit the bitcoins for the product in an escrow service internet site. By performing this, the buyer proves the money to acquire the product exists.
2) The escrow service notifies the seller that the bitcoins has been deposited. At this moment the escrow service takes the fee. The fee will probably be covered by the consumer, the seller or equally.
3) The seller ships the item to the buyer.
4) When the product is received by the client, the client contact the escrow service so they can show the bitcoins to the seller.
5) The escrow service pays the bitcoins to the seller and the transfer ends.

Disputes.

In case of disputes, one example is, the user says the items happen to be damaged or perhaps not as described or maybe never earned, the escrow service resolves the issue. The seller has to document the product, ahead of the transfer, to show the goods where forwarded as pointed out. Some cases:

1) Photo or video of the goods, ahead of shipping.
2) Picture or perhaps video of the seller packaging the product intended for mail deliver.
3) Tracking number of the package or signature upon delivery or deliver receipt.