Quote from: Authentic on December 10, 2013, 05:07:01 PM

Quote from: sayulita on December 10, 2013, 04:49:50 PM

Quote from: Authentic on December 10, 2013, 01:34:29 AM

So, basically, you are a middle-man to make sure the sellers respect the price quoted? Does it work like LocalBitcoins?

Here is a quick explanation as to how things work here:

The bitcoins that we sell you have been placed for sale on our site by individual sellers. The sellers provide us with their personal banking information. Bitcoin-Brokers handles the sale of the bitcoins, handles the communications and directs buyers to make cash deposits into these seller's bank accounts.

By setting it up this way, Bitcoin-Brokers never touches the cash. The buyer simply pays the seller directly.

That's it. There is no sign up, or registration. We do not collect any ID.

Sellers have their bitcoin priced in relation to specific exchanges (such as MtGox +4%, or Bitstamp +8%). This is always based on current (last) price on the specific exchanges.

When ordering I need to know three things from you:

1)How much in dollars would you like to purchase?
2)What bank would you like to pay at? (currently bitcoin is available most frequently at Bank of America, Chase, Wells Fargo)
3)What is your bitcoin wallet address?

Once I have that information I can prepare a quote for you.

After you have made a cash-only deposit into the seller's bank account you will need to collect proof of the deposit you have just made. You will need to obtain the deposit receipt, as well as the business card of the teller.

Those two items will need to be photographed and then uploaded as an attachment to the same ticket used to request the quote. Once that is forwarded to Bitcoin-Brokers, I inspect it, and then forward it to the seller as confirmation of the deposit. It is at this time that I also make a request from the seller to release the escrowed bitcoin. Once this authorization is granted, I transfer your bitcoin to your wallet.

The seller has 24 hours to authorize a release of the bitcoin, though 99% of the time the bitcoin is authorized to be released much sooner than 24 hours.

On the off chance that the seller fails to reply to the request, Bitcoin-Brokers already has the bitcoin escrowed in our wallet, and we will simply complete the transfer of the bitcoin to you on behalf of the seller. You are always guaranteed to get your bitcoin when you buy them at Bitcoin-Brokers.

Anyways, I hope that clears that up for you.

Yes, I now understand how your service works. Thanks a lot

How do you prevent the seller from scamming the buyer ("I have not received the deposit")? I understand the deposit receipt and the business card of the teller would be enough to prove the deposit, but what would happen in that situation?

Sellers who are permitted to work with Bitcoin-Brokers do everything within their power not to blow their opportunity. I have a list with the names and emails of sellers who are waiting to be given permission to have their bitcoin sold through the site. This list is a country mile long.

Now with that being the case, as I said, we already hold the bitcoin in escrow from the seller, so the seller NEVER has the ability to scam a buyer.

For the sake of argument, and to further entertain your question, let's assume a very shorted sighted seller makes their way onto the Bitcoin-Brokers framework and tries to pull off the scam you described.

The buyer has a bank issued bank receipt reflecting the deposit into the seller's account. The seller would have to explain to me why the buyer is holding the receipt.

Allow your mind to wander down the imaginary road of what would happen next. It doesnt take a genius to quickly figure out that seller has ZERO chance of scamming the buyer.

That is why after over 3000 different transactions since the company started in June of this year that there has been ZERO fraud, and you guessed it.......ZERO attempts at fraud.

Its a bulletproof framework at Bitcoin-Brokers where both the buyer and the seller are 100% protected on EVERY transaction.