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Messages - Libertas

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1621
The order was canceled and now im 1.25 bitcoins short from my original deposit a few days ago. Does it hedge the order even if it was canceled? My balance the other day ago was 22.09 now I'm at 20.83...:\

Yes, an order is hedged the moment you place it - presuming the vendor is hedging their orders, which is indicated in the cart at the time of purchase.

You should have received back the exact USD amount of your purchase, minus ~4% to cover the hedging fee. Note that although you pay for your order with Bitcoin, it is held in escrow as USD if the order is hedged and it is the USD that is returned to you when refunded.

Libertas

1622
Thread locked as the issue has been resolved, and the vendor has been stripped of his vending privileges.

Libertas

1623
Thread locked as the issue has been resolved, and the vendor has been stripped of his vending privileges.

Libertas

1624
Locking this thread as the issue has been resolved, and the vendor has been banned.

Libertas

1625
Newbie discussion / Re: Telling the Wife About my Habit
« on: May 12, 2013, 10:04 am »
Excellent post, Laissez-Faire!

1626
Thanks guys, interesting stuff....

Another question though, how much is the commission on sales? Presumably it's flat rate percentage?
I see that a vendor can choose to list items priced as pre-commission or post-commission, but I'm wondering what the actual rates are. Does it vary by category, price, etc?

Commission rates can be found here, and do not vary by category or price - they are flat rates covering everything sold on the site:

Been searching the wiki and the forums and can't seem to see the transaction fee %'s spelled out anywhere.

Anybody know them, or have a link\want to point me in the right direction?

Hi moksha,

The commission scale has been laid out on the forums a number of times but it always disappears in the haze of crazy posts! Here's an example from DPR's State of the Road Address:
http://dkn255hz262ypmii.onion/index.php?topic=8397.0

We also went to the Silk Road independent sellers to see what they thought an appropriate commission schedule would look like.  The average response looked like this:

15% of the first $10
11% of $10 - $50
8.14% of $50 - $250
5.6% of $250 - $1000
3.7% of $1000 - $5000

We looked at past sales data and our current and future revenue needs and were able to bring these numbers down even further:

10% of the first $50
8.5% of $50 - 150
6% of $150 - 300
3% of $300 - 500
2% of $500 - 1000
1.5% for everything over $1000

So taking DPR's fee scale, here is how a sale is broken down:

In a $300 sale, for example:

$50 is charged at 10% of the first $50, so $5 fee.
$100 is charged at 8.5% of the next $50 - $100, so $8.50 fee.
$150 is charged at 6% of the final $150 - $300, so $9 fee.

Total: $300.
Total commission: $22.50
Total paid to vendor for item: $277.50
Total paid to vendor for item, if hedging order (@ 4% hedging fee): $266.40


In a $1016 sale, for example:

$50 is charged at 10% from the $0 - $50 point, so $5 fee.
$100 is charged at 8.5% from the $50 - $100 point, so $8.50 fee.
$150 is charged at 6% from the $150 - $300 point, so $9 fee.
$200 is charged at 3% from the $300 - $500 point, so $6 fee.
$500 is charged at 2% from the $500 - $1000 point, so $10 fee.
$16 is charged at 1.5% from the $1000 and up point, so $0.24 fee.

Total: $1016.
Total commission: $38.74
Total paid to vendor for item: $977.26
Total paid to vendor for item, if hedging order (@ 4% hedging fee): $938.17


You may also be interested in the post I wrote in response to a question asked by Bungee54 about pre-commission and post-commission pricing. That post explains how much you get if you choose pre-commission, how much you get if you choose post-commission, how much you get if you decide to hedge, and what the customer will actually see on the listing itself depending on the option you choose.
You can find that post here:
http://dkn255hz262ypmii.onion/index.php?topic=37765.msg429683#msg429683

- grahamgreene

One more thing to note is that fees are not charged on shipping costs.

Libertas

1627
Silk Road discussion / Re: Improving the Marketplace API
« on: May 12, 2013, 09:55 am »
I have noticed recently that a few vendors tend to undercut competition but require excessive shipping costs. This means that their product looks cheaper at first glace, but when you do the maths (sale price+shipping) they can often end up being the most expensive offer. This is the case with "gotmilk", who offers equivalent quantities of Armodafinil for slightly cheaper than everyone else, but then asks for ฿0.18 worth of shipping while some of his competition offer shipping for free. Though I don't really respect this business practice I have nothing against it per se: vendors have the right to engage in whatever activity brings them more money.

However, I do believe there would be a very simple solution to this: modify the API when navigating the marketplace so that the quoted prices include the shipping options. This both gives buyers a better idea of how much they will actually be spending and could also curb this business practice.

Does anyone agree with me?
Or do you just have no fucks to give?
What do you think?

N.B.: I have nothing against "gotmilk". Everything I stated about him or his goods is factual information.

Hi Dutchpig28,

This is a great suggestion, but unfortunately it wouldn't be doable as many vendors offer multiple shipping options for many of their products - regular, priority, express etc.
Perhaps open up a thread in the Feature requests forum about it? Would be a great feature to have for sure, if it could be implemented in such a way as to reflect the various shipping options available!

Libertas

1628
Newbie discussion / Re: FREE GRAPHICS HERE! REQUEST NOW!
« on: May 12, 2013, 08:20 am »
I guess I'll be bumping them with the images I have made.

I hope TOR supports IMGur.

That's a great idea! :)

Yes, Tor does indeed support IMGur, though obviously it is not possible to upload any images directly to the forum here. Feel free to post the link though! Please also make sure you erase the image's EXIF and metadata to avoid any security issues. I think IMGur does this already (though I'm not 100% sure), but it doesn't hurt to err on the side of caution where security is concerned!

Libertas

1629
Yep, I'll ask for clarification.

Great, thanks! :)

1630
k glad to hear i probably get all my money back  only thing now im concerned about is my perfect record  :-\

Total transactions: 50
Total spent: ฿282.57
Refund rate: 0%
Auto-finalize rate: 0%
Member for: 1 year 

but fuck it there are worst things  :P

in these cases, the refund does NOT count against you.  :)

Scout, is that the official position of SR?

The reason I ask is because I had an order with a vendor who turned out to be a scammer. My order was safely in escrow and went to resolution and as the vendor had been banned, never entered the resolution process. I put in the notes that if the refund will count against me, that I don't want to be refunded. Once the resolution time expired, I received nil refund and as the vendor was banned, can assume this money went into SR's coffers. I messaged support and they said I received no refund because I said not to if it would affect my stats and that if I did get refunded it would have....

While I disagree with their decision due to the fact the vendor was a banned scammer, their judgment was acknowledge and accepted however in light of your comment, I'd like some clarification to ensure we're giving out the right information to others in the same situation.

mdma3000.... please accept my apologies for posting this in your thread!

Laissez-faire!


Maybe I am mistaken.  I read in the wiki:

Quote
If one party does not propose any resolution by the due date, the most recent resolution provided by the present party will always be chosen. In this case, any refund granted will not be counted for buyer refund statistics.

And thought I had read somewhere else that refunds due to scams would not negatively affect the buyer's rating. 

I'm sure Libertas or SSBD will chime in.

I share scout's opinion, but that's based off what's written in the SR Wiki. What's there is canon for Silk Road. Perhaps we should fire it up to the admins though, scout?

Libertas

1631
Newbie discussion / Re: what to do
« on: May 12, 2013, 06:50 am »
Yes, i did know that, thank you libertas.  No dampening of the mood here :D  Just wanted legit input before actually becoming a vendor and trying to sell either the service or the unit.  Do you happen to have any input or suggestions on the subjec?  A mods input would be an honor, and might get more people interested in the idea of the service which is what i'd really like to offer.

Whilst I've only skimmed over the thread, to be completely honest I don't think it's a service that would do too well here due in part to the kind of setup you'd have to have in order to test products. You would have to actually buy the products from a number of different buyer accounts in order to ensure that vendors don't just send top quality product to achieve an excellent result. You'd also have to buy from a number of different buyer accounts so as vendors talking amongst themselves wouldn't figure out which buyer is buying for testing purposes.

Vendors sending product to get tested will ALWAYS send the best product they can get their hands on, even if that's not what they're offering themselves. I mean why risk your competitor getting a much better result by pulling off that trick when you're sending your regular product? "No, no, no, I'm gonna do that before he does it!" would be the name of the game.

It would also be impossible to make the $100,000 back over the course of a year offering such a service even if vendors DID pay for it as there simply aren't that many vendors who will want to send their drugs to get tested. They don't need to as they have already established themselves and their products as being acceptable to their customers.

You can get a good idea of what happens when somebody tests things (in this case cocaine) for vendors with their knowledge in the following thread - 9 times out of 10 the product sent with the vendors knowledge that it will be tested is different from the product sent using a blind purchase:

http://dkn255hz262ypmii.onion/index.php?topic=108950.0

I would recommend that your friend offload it to a single buyer.

Libertas

1632
Newbie discussion / Re: israel herbs
« on: May 12, 2013, 06:32 am »
looking for weed seller in israel.
please connect me if you know.
thanx

Sorry for bumping this to the top but just saw this and had to laugh at the Israeli police actually attempting to find an Israeli seller on Silk Road after their recent bust over there.

I mean seriously guys?! THIS is your attempt at busting someone?! ;D I'm not normally one to taunt the enemy but your stupidity and blatant lack of pride in your work is offensive. I don't agree with what you do but fuck, if you're going to do something do it right! You should be ashamed to call yourselves police - the kid next door could do better, and he's 4 years old.

Now go away, or I will taunt you a second time.

Libertas

1633
Newbie discussion / Re: vendor
« on: May 12, 2013, 06:23 am »
You can pay a $500 bond (which will eventually be refunded to you) to start a vendor account.


Uff 500 I have to pay so that I can sell. or once a year?
requirements under which you get the money back? I do not understand quite.

but ever thank you for your quick response. :)

Hi freak,

Further to scout's post, you must pay a $500 bond which is refundable once the terms of that bond are met. This only needs to be paid once, it is not an annual fee.

The requirements for getting the money back can be found here:
http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide#Bond

You should also read the Vendor F.A.Q. and the Seller's Guide as they contain necessary information that you need to know before you consider becoming a vendor.

Vendor F.A.Q.:
http://dkn255hz262ypmii.onion/wiki/index.php?title=Frequently_Asked_Questions#Vendor_questions

Seller's Guide:
http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide

Libertas

1634
Newbie discussion / Re: DPR
« on: May 12, 2013, 06:20 am »
understandable man but in some cases the best of products available on here are only from sellers who want FE so its kind of like like it or lump it, my way or the high way

That is the beauty of operating in a free market - both buyer AND vendor are completely free to choose with whom they do business, and once the vendor has racked up 35+ transactions and been a vendor for a month or more, is entitled to ask buyers to FE. Silk Road is a free-market marketplace first, and a place where people list drugs for sale second, not the other way 'round.

That being said, follow scout's advice to the letter. Do not FE - doing so removes all the protection that escrow offers, and you have no comeback in the event that something goes wrong.

Libertas

1635
Newbie discussion / Re: what to do
« on: May 12, 2013, 06:08 am »
Don't mean to dampen the mood of the conversation but I have to pop in here and say that whatever you wish to do, you must have a vendor account in order to offer any goods or services for sale on Silk Road. Neither the sale of goods nor the sale of services are permitted on the forums, regardless of whether you have a vendor account or not, though the forums can of course be used for advertising your offerings when you have a vendor account.

Discussion on any topic once you don't attempt to sell a good or service is, of course, always welcome.

If you need more information about starting a vendor account, please check out the following links on the Silk Road Wiki:

http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide

http://dkn255hz262ypmii.onion/wiki/index.php?title=Frequently_Asked_Questions#Vendor_questions

http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide#Bond

Libertas

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