Information related to different offers and payment methods.
Writing good offer terms
The key to good offer terms is being short and concise about what you need.
The offer terms are a short description of the requirements BEFORE the trade begins.
Briefly explain to your customers what you expect of them and what they need to have ready to pay you. Give short details on how you wish to be paid, what documents are required, and what other terms they need to follow.
Use offer tags to give more details to your potential buyer.
Offer tags can help you describe what you need from the buyer further. “ID REQUIRED”, “CASH ONLY”, “RECEIPT REQUIRED”, etc. are examples of tags that might help the buyer understand what you need. If you can’t find a tag that suits your needs, feel free to suggest a new one on the “Create an Offer” page.
Remember to make your offer terms short and concise.
With the offer terms, you have to make sure that the buyer will understand what he/she needs to pay you BEFORE the trade begins. If the offer terms are NOT clear and easy to understand, users will likely cancel the trade because they would not be sure of what happens next, if the offer terms are too long the user may start a trade without reading them. If your offer terms ARE clear and easy to understand, you would have a lot less cancelled trades. Try to be specific enough, yet not overwhelming to the buyer. Also, remember to make sure that your offer terms are in line with Paxful's Terms of Service.
What NOT to do:
- Do NOT suggest to trade off escrow. Any suggestions to trade off-site are strictly forbidden and this kind of activity will get you banned from Paxful.
- Do NOT give personal contact information in your terms.
- Do NOT give links to outside sites or share URLs.
Examples of good offer terms:
iTunes gift cards
- This offer is iTunes gift cards ONLY, not Apple Music cards.
- Physical card ONLY, e-code pictures or codes will not be allowed.
- Cards of 100 dollars or less ONLY!
- You will need to upload a picture of the card. Photoshopped or edited images will get you reported.
Amazon gift cards
- I accept only physical Amazon Gift cards which were purchased with CASH.
- Have a photo of a physical Amazon Gift card (back side with visible codes)
- Have a photo of the receipt confirming the card was purchased with CASH. Cards bought with debit will NOT be accepted!
- I can only use the full balance of the cards. For example, if it’s you have a $100 card, you cannot ask me to only take $50. I will ONLY take the WHOLE amount on the card.
- Your PayPal account MUST BE VERIFIED.
- I do NOT accept funds from credit cards, debit cards, and checks through PayPal.
- You must show proof that the funds are already available in your PayPal balance and you must show your FULL screen.
- Take a screenshot of the email account that is on your PayPal account. This means that you must show what the address and the email say from the back office.
- You MUST provide a link to your Facebook Profile.
- I will need you to send me a screenshot of proof that the funds came from your PayPal balance.
- Funds must be sent in the form of SERVICE.
- I have the right to stop working with anyone if I suspect fraud. I will report you and do my best to have you removed from Paxful.
- CASH PAYMENTS ONLY.
- The detail for Western Union payment will be provided when you start a trade.
- Send a clear picture of the receipt.
- No third party deals.
- This is a trade for an EU SEPA bank transfer. If you don’t have an EU bank account, this trade is NOT for you.
- Due to several people being scammed recently through identity theft, I have to ask first-time customers to upload identification.
- The name on the identification should match the name of the bank account used to send the money.
- The BTC will be released once payment is received. If you want to buy more BTC than I have already available here, take into account it takes about half an hour for me to send additional BTC to my wallet here.
- Note, I reserve the right to ask for additional verification if I suspect you are not the person on the ID presented. However, you have the option to refuse further verification, in which case the trade is cancelled and I will send the funds back to the bank account it came from.
- Users with brand new accounts need to provide a selfie holding up their ID next to their face (in addition to a close up of the ID).
My offer not publicly visible
There are requirements for your offers to be visible to other Paxful users.
Minimum Wallet Amount
There needs to be at least 0.05 BTC in your wallet on top of the minimum amount in your offer for your offers to be visible. For example, you’ve created an offer for $100, it will only be visible if you have $100 + 0.05 BTC in your account. The amount is available to withdraw at any time from your wallet but once the balance goes below this, your offers will not be visible.
This works for both sell and buy offers.
A bond is required for vendors to create gift card offers. It serves as protection for buyers from bad vendors maliciously taking their gift card codes. The minimum amount for a bond is 0.1 BTC. You can deposit the amount to your Paxful wallet. It is then reserved by Paxful and held until you decide to withdraw it and wish to no longer have gift card offer up. Note that there is a waiting period of 7 days after your last trade for gift cards for the bond to be released.
Here are a few rules/tips for bonds:
- Bonds are only required for gift card sales. For other payment methods such as cash deposits, online transfers, and debit/credit cards, a bond is not required.
- If you don’t have enough funds in your wallet to cover the transaction and bond, then your offer will not be visible.
You can deposit the bond and get it back via your Vendor Dashboard.
Which of my offers will show up in public listings?
Determining what offers shown in the listing all depends on you and your preferences.
Only one of your offers of the same payment method will be shown to users in the offers page. It all goes into the price along with all the other criteria set by the buyers. However, if you go into your vendor dashboard, you’ll be able to see all of your offers.
For example, if you have 3 current offers:
- The first has a price of $1000/BTC (only your trusted contacts can see)
- The second has a price of $1200/BTC (most buyers can see)
- The first has a price of $1300/BTC (all can see)
If a non-trusted user were to browse offers and stumble upon yours, then the first offer would not appear on the listing. If a trusted user were to browse offer and stumble upon yours, then only the first would appear.
The visibility of your offer mostly depends on you. There might be some cases where people have blocked you for some reason (those people won’t be able to see any of your offers at all) but the rest of the visibility options lies in your hands. Just ask yourself “Which users do I want my offer to be visible?” and you should be fine.