Refund Etiquette - in btc, or price adjusted?

how do you think a vendor should go about refunding customers? i just received a refund that took over 10 days to "process" (no, the vendor is just an idiot), and it was about 2/3 of the btc i sent him, but the same dollar amount.

i feel like if bitcoin had decreased in value, i would have received the original btc amount.

while i am nothing but happy that i received a refund on a finalized, positive feedback'd order, i was wondering what proper etiquette was on this. was the vendor right?


Comments


[7 Points] None:

If I straight up refund, it is whataver btc you put in, not fiat.

If you sent in .1124 coin, that is what I refund, regard of what it 'is' now. If you win or lose, btc is the currency of the DNMs, not USD.


[6 Points] DooshNozzzle:

I issue refunds for the amount I owe them in USD, converted to the current BTC rate. If bitcoin had gone down in value instead of up, wouldn't you be demanding additional coins to equal the USD amount you paid him? Can't have it both ways. I say the vendor did the right thing


[4 Points] revcback:

I think you should be refunded in the currency you sent. Although you used values denoted in USD, the currency you sent was BTC and you should get back the same BTC amount regardless of dollar price.


[2 Points] None:

If Bitcoin had increased in value, would you expect him to owe you more than the original dollar amount..?

Yes, I would say he did the right thing.


[2 Points] KnowsAboutShrooms:

I think its situational. But if it was a cancelled or disputed item then the return should be in the same qty of BTC as was originally spent. That way the only gain/loss is based in speculation of BTC.

What happened to justify getting a refund on a finalized and positive feedback transaction?


[2 Points] YPG-Got-Raqqa:

Why would you leave positive feedback on something you need a refund on?


[2 Points] 2cbking:

This specific situation is unusual because im not sure how refund works when you got the product. But in general, you would return what you received. Which usually is bitcoin. That takes away any issues of price variation in the cryptocurreny and means you return what you got, nothing more nothing less. The vendor has no control over BTCs price and whether it goes up or down. So you return the BTC received. They get back what they sent. If BTC went down in value, it would of went down in value still if the BTC was still in their hands. Which has nothing to do with the vendor. They would of lost the money anyway if they still had kept the BTC, so its not the vendors responsibility to cover your BTC loses and pay you more money just to make up the value lost in BTC losing value. Conversely, if it went up in money, that would of been the ebuyers gain had they still been in posession of the coin as well. So you still return the entire BTC amt. The current value of BTC is completely irrelevent. You return what was received and that removes any issue of picking and chosing what values are best and mean more money for the vendor or the buyer. Its the farest way. Here is an example.

I had a customer send btc over for an order of 2grams but they were short and didnt sent enough BTC. I decided id sent the entire 2grams and they could send the remained of the funds in a few days when they had it. So what they should of done is take what was owed for 2grams at the BTC value they first sent the funds and subtract the amt they did send to determine the remaining owed. And sent that in a few days. Instead, what they did was recalculated the USD value of their original transfer (BTC went up alot in value that week) subtracted that from the USD value of a 2 gram order and sent the remainder BTC owed at the new value. Thats not how it works. So I ended up not getting paid what I should have.

I am a generous guy and I would of tolerated them sending the remainder USD owed at the current BTC price. Even tho it would of been completely reasonable for me to ask them to pay the rest at the original BTC value, because thats when I filled the order and mailed it out to them. But I would of taken the remainder USD owed at whatever it was at the current value of BTC. But what they did was revalue their original transfer, making worth alot more then it was when I mailed their order and used thats to take they only owed a much smaller amt still. That isnt fair or reasonable. I mailed the order monday, you dont get to revalue your original transfer based on Fridays price. So when they sent the rest of the money for the order i sent, it was less than half of USD owed (and that was letting them pay yhe remainder with the higher new BTC value, which i think is very generous, and i wasnt going to nitpick over a little bit of money).

Its an issue i deal with on a monthly basis with someone i buy something from personally. I owe USD amt, and i owe that amt in BTC at the value at with the order is fufifulled. Not a week agos value, or two weeks ago value, or next weeks values. I currently have the guy wanting me to send him another amt of BTC even tho when I paid him, I paid him a few hundred dolllars USD more than i even owed for the order. And he didnt send it out for another week!So really I over paid almost 2 grand to the guy, had he been paid when he was actually ready to fill the order. But because BTC was worth less 2 weeks earlier when i first tried to do the order, he wants the remainder of what BTC i would of had to pay then. Even tho he didnt fill the order then, he didnt fill it until a week after he was paid to boot. You get paid BTC value when the order is paid for and filled, of the USD owed at that time. And any refunds are what you originally sent.


[1 Points] theliukang:

If that shit (BTC value) halved overnight you'd be saying the vendor had scammed you if they refunded the amount of coins