So, SgtSpike, isn't it pure incompetence, or maybe even malice, to put a shop online without having the care to check which countries can or can't they ship the products to?
PS: I administer a webshop and no way a customer who inserts a Country we don't ship to in his shipping address will be able to finish the order process, much less get to the payment page, because it will tell him: "Sorry, we don't ship to your country"
It is incompetence, I agree. The customer is most certainly entitled to a full refund.
I'm not sure I agree with that. Coinabul's policy states that their refunds will be in USD equivalent, not BTC.
Now, if you want to argue the potential for gain on other investments in the timeframe that Coinabul held on to his money (i.e., interest), I think that is a fair argument to make. But it would be up to a court of law to determine specific damages, and it most assuredly would not follow the BTC price.
I'm shocked that some people don't see the theft transpiring. You speak of bitcoin as if it holds no value as a commodity and currency independent of USD. I never would've thought there'd even be a handful of people arguing on behalf of USD let alone a "court of law's" undoubtedly-twisted interpretation of bitcoin. According to those insinuations, then if the USD value of bitcoins dropped to $1, Coinabul would still owe them the spot price of gold?
No. They would owe them the 90.78 BTC still. If Coinabul's "terms" are to rip people off then those are crooked terms. Right. Let's start an international store, take bitcoins, give nothing, watch the bitcoin value go up, then decide to hold on to part of the coins. Nice 'operation' there.
The terms may be crooked in your mind, but they are not illegal (that I am aware of), and everyone is free to read them BEFORE ordering. And of course Coinabul would still owe them a full refund in USD equivalent if BTC dropped to $1. The BTC price after the time of purchase is completely irrelevant - again, because of the terms that Coinabul lists.
I'm sorry you think this is crooked, but it is how the world works. We even saw how some of Tom's bASIC customers were refunded different amounts of Euro based on differing exchange rates from when they ordered to when they were refunded, because the purchases were denominated in USD. I believe Coinabul's policy is enough to hold them harmless for any currency valuation fluctuations in anything other than USD. If any of those awaiting a refund believe differently, there is always a courtroom they can test their case in.