Sell good for BTC when price is unknown yet

Maison

New member
I've been contacted by someone in another country (B) who wants a product from the country where I live (A). He would pay me in BTC to buy the product and ship it to him.

I want to make an estimation of the price of the product + price of shipping, add a deposit %, and divide by an estimation of Bitcoin price in A's currency, to know how much Bitcoin he should send to an escrow at first. Then I'd buy the product, ship it, and I'd take Bitcoin's price at the time of both events, to know how much it really costed. Then the escrow could send me the real price in BTC, and the difference back to the buyer in country B.

But the buyer insists there is no need for a deposit, that using an escrow is enough. The problem is I don't know the exact price of the shipping until I'm at the post office with the product already purchased ready to be sent, and we don't know what the price of Bitcoin in A's currency will be at the time of purchase. There could be a day or two between the time he sends Bitcoin to the escrow, and the time the product is bought.

If you are used to do this, what's the usual, safe way?
 

Joshua

New member
There could be a day or two between the time he sends Bitcoin to the escrow, and the time the product is bought.

If you are used to do this, what's the usual, safe way?
Never ever purchase a thing if the btc arent still being held by the escrow.If you do concern about international shipment then you can always
ask the courier or post office on how much it would be charged for that particular item into a specific destination.They can already give you out
the charges on just giving those details.Then you can total it up and adding up some % for overall charge in btc. Fluctuations in the time of transaction? Deal with it.
 

Santiago

New member
Well, if the product you want to buy is not that heavy, you can use and estimate what will be estimated cost of the product if it will be delivered on the logistics with their calculator on their website for overseas transfer, with the destination address and sending address, just add the amount of the escrow fees which is I'm sure is fixed.

Once its settled, then let the buyer send the total amount to the escrow, and let you buy the product then process the delivery to the buyer.

And if you're worried about the fluctuation of the btc price then so be it, it's normal and you should risk if you're accepting the payment as BTC.
 

Ezra

New member
Above suggestions are pretty good, if you have problem with the cost of courier. I think the best way is to ask them the MAX fee then told it to your business partner, if the cost will not reach the max fee then that surplus money will be given back to him or keep it with you with his permission and use it for future transactions.
 

Hudson

New member
If you are used to do this, what's the usual, safe way?
Do not make a deal unless you make sure that all the payments "maximum values" have been deposited to the collateral so you can start making the deal.
With regard to price fluctuation, you can request that the transaction in stable coins and then pay the conversion fee to BTC.
The collateral can bear any excess costs to the second party and stable currencies will improve stability.
 

Charles

New member
Does the post office have a phone number to contact? you can estimate the amount but if you think that you're doubtful with it, you should call them instead and verify on how much it would cost the shipping base on the information that you will transact with.

Take time and don't rush because one mistake and you'll either be shouldering the expenses which you shouldn't.
 

Caleb

New member
But the buyer insists there is no need for a deposit, that using an escrow is enough. The problem is I don't know the exact price of the shipping until I'm at the post office with the product already purchased ready to be sent, and we don't know what the price of Bitcoin in A's currency will be at the time of purchase. There could be a day or two between the time he sends Bitcoin to the escrow, and the time the product is bought.
What the deposit for, by the way?

There must be an estimation cost for any products like per kilogram or anything which lets you know without need to bring the product to post office or any shipping company office.
 

Isaiah

New member
Shipping cost is not the only problem for you, sometimes the products won't get approved by customs if its send by someone personal on particular country so you need to analyse the receiving country's laws as well before making an estimation because he might say that he didn't receive anything so asking for payback from escrow. If everything clear on the receiver's country then you could ask for $50 for shipment in total and return back if there is any left amount on that $50.
 

Ryan

New member
Shipping cost is not the only problem for you, sometimes the products won't get approved by customs if its send by someone personal on particular country so you need to analyse the receiving country's laws as well before making an estimation because he might say that he didn't receive anything so asking for payback from escrow. If everything clear on the receiver's country then you could ask for $50 for shipment in total and return back if there is any left amount on that $50.
Imo the approval is less of a problem for them unless the product that he's buying for someone is something unusual like guns or other weapons. Without knowing the country of the receiver and size of the product it's hard to say that $50 could be enough for the shipping cost.
What the deposit for, by the way?
I'm guessing the deposit is for the currency exchange part(to speed up the process) since OP mentioned the possible delays could go up to a day and wanted to reduce the fluctuations as much as possible.
 

Nathan

New member
I'm guessing the deposit is for the currency exchange part(to speed up the process) since OP mentioned the possible delays could go up to a day and wanted to reduce the fluctuations as much as possible.
Ah, I see.. because he uses escrow, it takes days to get the Bitcoin.

It is not fair though if he isn't allowed to add this deposit to the total payment.

Anyway, the seller should be able to do a trick, like increase the estimation shipping cost or the actual price to replace the deposit.
 

Adrian

New member
Anyway, the seller should be able to do a trick, like increase the estimation shipping cost or the actual price to replace the deposit.
Looks like that. I'm going to charge my own fee for my service, and I'll absorb unexpected shipping costs and Bitcoin price fluctuations.
Shipping cost is not the only problem for you, sometimes the products won't get approved by customs if its send by someone personal on particular country so you need to analyse the receiving country's laws as well before making an estimation because he might say that he didn't receive anything so asking for payback from escrow.
Customs shouldn't be a problem. Product is legal. It's not heavy; it fits in a regular mail package. I think any possibility of surprised custom costs should be paid by the buyer and it should be agreed upon with the escrow.

I'm still at the stage of looking for an escrow now. Just saying.
 

Christian

New member
Price of the Bitcoin is transparent and volatile in nature so we need to plan based on the market presence and value we see in the marketplace. Always plan for the best price which you see lowest for that week and sell out when you see the decent growth in the marketplace.
Mostly that profit is very low when we see it with low amount as the investment.
 

Maverick

New member
Do such kind of service only with trusted users. Whether it can be through the forum or out of the forum, if you are dealing with bitcoin then it is a must to make the fund transacted through a trusted escrow. Another thing I've dealt similar services through PayPal, I purchased and shipped the product to the address provided. He paid me for the product shipping, and additional $10 in terms of Bitcoin equivalent to the amount that I've spend in the form of PayPal. As the value is small and made the purchase for a trusted person we didn't went for an escrow.
 

Colton

New member
Do such kind of service only with trusted users. Whether it can be through the forum or out of the forum, if you are dealing with bitcoin then it is a must to make the fund transacted through a trusted escrow. Another thing I've dealt similar services through PayPal, I purchased and shipped the product to the address provided. He paid me for the product shipping, and additional $10 in terms of Bitcoin equivalent to the amount that I've spend in the form of PayPal. As the value is small and made the purchase for a trusted person we didn't went for an escrow.
i think escrow is not his concern but the price of the product . as we know that btc is a highly volatile kind of coin , we must make an agreement first to the buyer or the escrow about the total amount that we will be recieving or they buyer's amount that he will pay so that all transactions were clear and smooth . in your case you use a paypal as medium of payment . paypal is stabe so less hassel if itll be use on your side but people thesedays now prefer cryptos .
 

Elias

New member
I've been contacted by someone in another country (B) who wants a product from the country where I live (A). He would pay me in BTC to buy the product and ship it to him.

I want to make an estimation of the price of the product + price of shipping, add a deposit %, and divide by an estimation of Bitcoin price in A's currency, to know how much Bitcoin he should send to an escrow at first. Then I'd buy the product, ship it, and I'd take Bitcoin's price at the time of both events, to know how much it really costed. Then the escrow could send me the real price in BTC, and the difference back to the buyer in country B.

But the buyer insists there is no need for a deposit, that using an escrow is enough. The problem is I don't know the exact price of the shipping until I'm at the post office with the product already purchased ready to be sent, and we don't know what the price of Bitcoin in A's currency will be at the time of purchase. There could be a day or two between the time he sends Bitcoin to the escrow, and the time the product is bought.

If you are used to do this, what's the usual, safe way?
I think , try to find a local courier, get there table or list of rates whether it is in just a plastic bag or in a box , it depends also in the amount of weight of the product, also it is more expensive since the origin and the recipient is in not the same country, add a little more amount to your calculation because the bitcoin market is not stable, and you may also calculate first USD and convert it in btc. Escrow is good but give him a reference rate also so that he would not be worried.
 

Aaron

New member
i think escrow is not his concern but the price of the product . as we know that btc is a highly volatile kind of coin , we must make an agreement first to the buyer or the escrow about the total amount that we will be recieving or they buyer's amount that he will pay so that all transactions were clear and smooth . in your case you use a paypal as medium of payment . paypal is stabe so less hassel if itll be use on your side but people thesedays now prefer cryptos .
Actually there's a stable coin like usdt and tusd option to choose for if he likes the convenience of using the crypto and he can select that to use in their transaction and for that he can lessen the fee with good transaction speed and I'm kinda little doubtful for PayPal since it has a dispute and also the fee is to high per transaction that's why it's not a good option for people who want to save from transaction fees.
 

Jonathan

New member
Sometimes it can be easiest to add the clause like "$800 value equivalent in BTC in accordance with its value from the [previous day] as available on [website, can be coinmarketcap]".
 

Nolan

New member
If you have any personal and emergency issue to sell the Bitcoin for money e then you can do that at any time because apart from emergency time I will not suggest you to sell the Bitcoin without analysing the the price factors and future predictions.

So think for or the future value and play accordingly.
 

Hunter

New member
Never transact anything unless the money is received via escrow, the buyer looks really suspicious i mean why would he need to contact an individual if there are tons of services online that offers the same task you're doing and out of all people why did he only chose you to contact, cause according to your story it seems to me that he's just a random stranger that contacted you.
 

Theodore

New member
Never transact anything unless the money is received via escrow, the buyer looks really suspicious i mean why would he need to contact an individual if there are tons of services online that offers the same task you're doing and out of all people why did he only chose you to contact, cause according to your story it seems to me that he's just a random stranger that contacted you.
He saw my previous post. He's looking for a local product and to buy it with BTC. I don't see any problem as long as a reputable escrow is used.
 
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