Silk Road forums
Support => Feature requests => Topic started by: brianbertz on January 23, 2013, 12:09 am
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I think sr should make it so part of the now rediculous 500 dollar fee to be a vendor should be refunded after a certain amount of time as long as you have a decent feedback rating or aren't considered a scammer. Maybe like half refund or something after 90 days if you have a higher feedback of like 90 and more than 50 transactions. Anyone think this is a good idea.
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I think sr should make it so part of the now rediculous 500 dollar fee to be a vendor should be refunded after a certain amount of time as long as you have a decent feedback rating or aren't considered a scammer. Maybe like half refund or something after 90 days if you have a higher feedback of like 90 and more than 50 transactions. Anyone think this is a good idea.
Bond
You are required to pay a bond when opening a seller's account that will be refunded to you after you have demonstrated that you are an asset to the Silk Road vendor community. To be eligible for a refund, you must have completed at least 30 transactions totaling $1,500 or more and have been a vendor for at least 6 weeks. To request a refund, send a message to vendor support after you have met these conditions. Meeting the minimum requirements does not guarantee you will be granted a refund. All requests will be reviewed manually.
The 'bond' referenced in the Bond section refers to the $500 vendor account fee.
- grahamgreene
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O. See I thought there was something like that but a mod told me he didn't think there was so I posted it here. I think you should be guaranteed the refund tho. Not if they feel like it. But that's cool they have that tho. Thanks for letting me know
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O. See I thought there was something like that but a mod told me he didn't think there was so I posted it here. I think you should be guaranteed the refund tho. Not if they feel like it. But that's cool they have that tho. Thanks for letting me know
I believe the reason for manually reviewing each request is to ensure that a vendor cannot simply pad their feedback with fake transactions by purchasing their own product (say, a gram of MDMA for $50) and making 30 fake sales to the value of $1500 over 6 weeks.
A scammer could game the system by selling 30 x 1gram of MDMA at $50 per gram over 6 weeks, paying $150 in commission to Silk Road on those sales, then getting their $500 account fee back (so in effect only paying $150 [in commission] for their vendor account), and then start scamming as normal. In this case a scammer could pad their feedback and sales happy in the knowledge that they'll be getting their $500 vendor fee back automatically, and after that would only have to scam $150 in order to break even. The manual review serves as a deterrent for such behaviour.
On an unrelated note, $500 is an incredibly low fee to pay to open up a global market for your product. Even in real-world legitimate business the costs involved in being able to market and sell your products are many times higher than this, so the cost:gain ratio is very low indeed.
Regarding information from the mods, the forum moderators are simply that; people who moderate the forum. They have no link to the Silk Road marketplace other than possibly buying or selling there. You should frequently read the Buyer's Guide, the Seller's Guide (which I encourage everyone to read in order to get a better understanding of how the entire process works) and the Silk Road Wiki in order to keep up to date with the latest developments and changes to the rules.
Silk Road Buyer's Guide:
http://silkroadvb5piz3r.onion/silkroad/buyers_guide
Silk Road Seller's Guide:
http://silkroadvb5piz3r.onion/silkroad/sellers_guide
Silk Road Wiki:
http://dkn255hz262ypmii.onion/wiki
- grahamgreene
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O. See I thought there was something like that but a mod told me he didn't think there was so I posted it here. I think you should be guaranteed the refund tho. Not if they feel like it. But that's cool they have that tho. Thanks for letting me know
I believe the reason for manually reviewing each request is to ensure that a vendor cannot simply pad their feedback with fake transactions by purchasing their own product (say, a gram of MDMA for $50) and making 30 fake sales to the value of $1500 over 6 weeks.
A scammer could game the system by selling 30 x 1gram of MDMA at $50 per gram over 6 weeks, paying $150 in commission to Silk Road on those sales, then getting their $500 account fee back (so in effect only paying $150 [in commission] for their vendor account), and then start scamming as normal. In this case a scammer could pad their feedback and sales happy in the knowledge that they'll be getting their $500 vendor fee back automatically, and after that would only have to scam $150 in order to break even. The manual review serves as a deterrent for such behaviour.
On an unrelated note, $500 is an incredibly low fee to pay to open up a global market for your product. Even in real-world legitimate business the costs involved in being able to market and sell your products are many times higher than this, so the cost:gain ratio is very low indeed.
Regarding information from the mods, the forum moderators are simply that; people who moderate the forum. They have no link to the Silk Road marketplace other than possibly buying or selling there. You should frequently read the Buyer's Guide, the Seller's Guide (which I encourage everyone to read in order to get a better understanding of how the entire process works) and the Silk Road Wiki in order to keep up to date with the latest developments and changes to the rules.
Silk Road Buyer's Guide:
http://silkroadvb5piz3r.onion/silkroad/buyers_guide
Silk Road Seller's Guide:
http://silkroadvb5piz3r.onion/silkroad/sellers_guide
Silk Road Wiki:
http://dkn255hz262ypmii.onion/wiki
- grahamgreene
That is exactly the reply I was looking for and after reading that I do agree with the manual reviewing. That's cool you get the whole 500 back if you are proven legit. That is a low fee when I actually think about how many people will possibly buy from you on the road. The reason why I'd rather sell on here than irl. +1 to you for that man. Thanks!
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That is exactly the reply I was looking for and after reading that I do agree with the manual reviewing. That's cool you get the whole 500 back if you are proven legit. That is a low fee when I actually think about how many people will possibly buy from you on the road. The reason why I'd rather sell on here than irl. +1 to you for that man. Thanks!
No problem, glad I could be of help. :)
Cheers!
- grahamgreene
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If you got nothing to worry about the bond is a good idea :D It filters out all the bad vendors and scammers and with you guys on here its a safer place more so that it has ever been for the buyer
also the report vendor button is a great idea ;) but be vigilant tho people do strange things for dollar
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O. See I thought there was something like that but a mod told me he didn't think there was so I posted it here. I think you should be guaranteed the refund tho. Not if they feel like it. But that's cool they have that tho. Thanks for letting me know
I believe the reason for manually reviewing each request is to ensure that a vendor cannot simply pad their feedback with fake transactions by purchasing their own product (say, a gram of MDMA for $50) and making 30 fake sales to the value of $1500 over 6 weeks.
A scammer could game the system by selling 30 x 1gram of MDMA at $50 per gram over 6 weeks, paying $150 in commission to Silk Road on those sales, then getting their $500 account fee back (so in effect only paying $150 [in commission] for their vendor account), and then start scamming as normal. In this case a scammer could pad their feedback and sales happy in the knowledge that they'll be getting their $500 vendor fee back automatically, and after that would only have to scam $150 in order to break even. The manual review serves as a deterrent for such behaviour.
On an unrelated note, $500 is an incredibly low fee to pay to open up a global market for your product. Even in real-world legitimate business the costs involved in being able to market and sell your products are many times higher than this, so the cost:gain ratio is very low indeed.
Regarding information from the mods, the forum moderators are simply that; people who moderate the forum. They have no link to the Silk Road marketplace other than possibly buying or selling there. You should frequently read the Buyer's Guide, the Seller's Guide (which I encourage everyone to read in order to get a better understanding of how the entire process works) and the Silk Road Wiki in order to keep up to date with the latest developments and changes to the rules.
Silk Road Buyer's Guide:
http://silkroadvb5piz3r.onion/silkroad/buyers_guide
Silk Road Seller's Guide:
http://silkroadvb5piz3r.onion/silkroad/sellers_guide
Silk Road Wiki:
http://dkn255hz262ypmii.onion/wiki
- grahamgreene
i think thats a very good point
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O. See I thought there was something like that but a mod told me he didn't think there was so I posted it here. I think you should be guaranteed the refund tho. Not if they feel like it. But that's cool they have that tho. Thanks for letting me know
I believe the reason for manually reviewing each request is to ensure that a vendor cannot simply pad their feedback with fake transactions by purchasing their own product (say, a gram of MDMA for $50) and making 30 fake sales to the value of $1500 over 6 weeks.
A scammer could game the system by selling 30 x 1gram of MDMA at $50 per gram over 6 weeks, paying $150 in commission to Silk Road on those sales, then getting their $500 account fee back (so in effect only paying $150 [in commission] for their vendor account), and then start scamming as normal. In this case a scammer could pad their feedback and sales happy in the knowledge that they'll be getting their $500 vendor fee back automatically, and after that would only have to scam $150 in order to break even. The manual review serves as a deterrent for such behaviour.
On an unrelated note, $500 is an incredibly low fee to pay to open up a global market for your product. Even in real-world legitimate business the costs involved in being able to market and sell your products are many times higher than this, so the cost:gain ratio is very low indeed.
Regarding information from the mods, the forum moderators are simply that; people who moderate the forum. They have no link to the Silk Road marketplace other than possibly buying or selling there. You should frequently read the Buyer's Guide, the Seller's Guide (which I encourage everyone to read in order to get a better understanding of how the entire process works) and the Silk Road Wiki in order to keep up to date with the latest developments and changes to the rules.
Silk Road Buyer's Guide:
http://silkroadvb5piz3r.onion/silkroad/buyers_guide
Silk Road Seller's Guide:
http://silkroadvb5piz3r.onion/silkroad/sellers_guide
Silk Road Wiki:
http://dkn255hz262ypmii.onion/wiki
- grahamgreene
i think thats a very good point
+1
I think the bond is a very good idea and completely reasonable. As for the fee, I am still trying to get my head around hedging but I can't work out how much in fees are being charged on each transaction. A little more transparency would be great.
I thought rather than meeting the current criteria, something along the lines of charging $xx (1000) and then you get free commission to the value of $xx.
Either way, the only way to succeed is to keep 'the shit' out of the marketplace.
Great job SR
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+1
I think the bond is a very good idea and completely reasonable. As for the fee, I am still trying to get my head around hedging but I can't work out how much in fees are being charged on each transaction. A little more transparency would be great.
I thought rather than meeting the current criteria, something along the lines of charging $xx (1000) and then you get free commission to the value of $xx.
Either way, the only way to succeed is to keep 'the shit' out of the marketplace.
Great job SR
Hi universalimports,
You can find a post at the following link where I explain the current Silk Road transaction fee setup:
http://dkn255hz262ypmii.onion/index.php?topic=100160.msg702790#msg702790
Information regarding the hedging fee and post-commisson / pre-commission pricing can also be found in a link in that post.
Best of luck with your new venture here!
- grahamgreene
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Thanks for the links Graeme, just the info I was looking for.
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thanks guys ;)