Post
Topic
Board Service Announcements
Re: Bitmit - Bitcoin shopping mall - Bitcoin market place - Bitcoin auction house
by
deepceleron
on 14/11/2013, 18:34:17 UTC
In the case of starsoccer9, it absolutely did fool the "system" (which used to say that an empty unboxing video was sufficient proof of seller fraud). Bitmit attempted to revise history and claim this was never their policy, and effectively said that the tracking number alone was more proof that the item was delivered, than the unboxing video with the label still on, showing the seller & buyers' name/address, and tracking #, tape being cut away, revealing an empty box.

This is why the only effective escrow to mediate the meeting of scam buyers and scam sellers is full escrow. Buyer sends escrow agent the money, seller sends escrow agent the merchandise, who verifies its legitimacy and authenticity to the conditions set forth by the buyer. Only when both money and merchandise are escrow-agent-approved are they released to the parties.

This is of course impractical for many items, requires time and a trustworth escrow agent, and would require double-shipping and appropriate fees, but would guarantee that no scammer gets away with their scam.

This is why Christie's makes $17 million for selling one painting.