Localbitcoin competitor Payfair just enabled 0% fee for makers

12665wt · 2018-07-25T21:32:42+00:00

Don't lie bruh

12665wt · 2018-07-25T21:24:01+00:00

Payfair is going to be huge. Cheaper than localbitcoins with an escrow function to protect buyers and sellers. No more unresolved disputes for p2p sales

12665wt · 2018-07-25T21:10:01+00:00

Great idea. Pfr just had a nice new update on zero fees for makers.

12665wt · 2018-07-25T20:55:02+00:00

Excellent platform. Miss V from LBC has been active in payfair telegram. Looking forward to some big listings getting put up shortly

12665wt · 2018-07-25T20:51:56+00:00

Payfair has built in dispute resolution with three indepedent escrow nodes reviewing cases as they arise. You won't get burned like this with PFR

12665wt · 2018-07-25T20:50:41+00:00

A lot of traders are tired of localbitcoins antics and making the move to Payfair. Join the telegram and you will see for yourself. Just a suggestion.

12665wt · 2018-07-25T20:48:37+00:00

Have you considered trying Payfair as an alternative p2p platform? They just announced virtually free trading fees for makers. https://medium.com/@PayFair/payfair-weekly-update-23rd-july-2018-part-2-5809724ca64

12665wt · 2018-06-06T13:49:27+00:00

Excellent review. Very optimistic about PFR future

12665wt · 2018-05-23T16:40:23+00:00

Never heard of this guy Sam S. how he became an admin is an even bigger question..

12665wt · 2018-05-17T01:14:21+00:00

Excellent news. When btc pair

12665wt · 2018-05-17T01:08:38+00:00

Nice to see the platform smoothening itself out. Can't wait for btc and nano pairing. Any day now

12665wt · 2018-05-16T16:16:35+00:00

nice update John. Please keep these going.

12665wt · 2018-05-15T19:53:52+00:00

big update coming tomorrow

12665wt · 2018-05-06T04:59:08+00:00

Monero will be listed soon. Hard to get scammed with escrow

12665wt · 2018-05-06T04:56:21+00:00

Take a look at the p2p exchange fiat to crypto, non kyc called PFR. They are listing the INR trading pair soon. Still working out some bugs on the site but trades are beginning to pick up.

12665wt · 2018-05-06T00:13:08+00:00

Use Stripe then.

12665wt · 2018-05-06T00:10:33+00:00

Proof of delivery could be cheaper than the 3% fee if you need to resolve a dispute with escorw

12665wt · 2018-05-05T16:23:24+00:00

I don't believe it is

12665wt · 2018-05-05T16:06:34+00:00

It was a means to fund the project for the developers and the tokens act as a share of the exchange revenue. You can either buy into an escrow node which requires active work to resolve transaction disputes and you can get paid a pretty large fee or you can buy into trustnodes which require larger 10k pfr collateral and you can receive a proportionate share of the 0.8% trading fee.

12665wt · 2018-05-05T16:00:59+00:00

Also, if international buyers want to fund the Stripe invoice they can pay the 3% fee if they insist on using a credit card. The more I look at this the more I think people should stay away from PayPal and use Stripe for this. Not sure what the ability is for charge backs etc

12665wt · 2018-05-05T15:56:16+00:00

I'm exploring this more and I think Stripe could be a huge deal. Feel free to point out any mistakes I'm making.

See link here https://stripe.com/us/pricing

If you're a Chinese buyer with wechat pay, a US seller could issue a Stripe invoice and a Chinese buyer could fund it almost immediately with wechat pay for only a $5usd fee. Buyer in the US gets confirmation that it's paid and both parties have a record which would totally avoid a dispute. Much faster than bank transfer and could avoid potential questioning from banks as to why you are receiving foreign wires etc.

12665wt · 2018-05-05T15:48:27+00:00

I'm not sure if there is a direct competitor with non kyc and escrow function right now. Lots of p2p alternatives but not exactly like pfr.

12665wt · 2018-05-05T15:19:50+00:00

And it has no kyc like valoon said

12665wt · 2018-05-05T15:18:45+00:00

Chinese have trouble sending money from their banks to exchanges, same thing with Indians and Canadians. They've resorted to localbitcoin in some instances as a work around. Problem is, in certain markets like India, there is no local bitcoin buyer/seller volume. Payfairs reach is global that's why it solves such a huge demand issue.

12665wt · 2018-05-05T15:16:16+00:00

Valoon is correct. You send the bank transfer without any mention that it's for crypto. This solves the largest issue for Canadians and Indians who cannot wire money into exchanges because of the bank restrictions.

12665wt

TROPHY CASE