Refunds Using Crypto?

So I recently ran into an issue with a seller from MPGH.. Curious about your guys' take. At the time, the amount I sent was worth $35 as that's how much the product cost, and he couldn't complete the order so he sent me the money back (Exact amount I sent in crypto).... which is now worth $26. What is the consensus on this issue? Do buyers have to suffer price fluctuations of the markets, or is it the seller's responsibility to refund the amount paid, not the exact same amount in crypto?

You are refunded the amount in bitcoin that you sent, not the dollar amount. If you sent 0.005BTC, you will receive back 0.005BTC, regardless of whether the price rose or dropped.

If you are not happy with this, I'd recommend using a more stable payment method in the future such as PayPal.

OK just curious, thank you. The questions have nothing to do with my happiness. I was asking the community because I wanted another opinion. PayPal is slime. Is there another opinion from someone who doesn't have a reg date of this month?

I personally would re-fund the amount paid. Seems pretty gross that someone would only re-fund the amount of BTC. Must be a broke boy or just a LQ Guy in my opinion. I would re-fund the amount spent. However I understand why he would do this too, I personally would never do it but the argument really can go both ways.

One hand; its pretty trashy to do the exact BTC amount sent because you paid was was $35 at the time. You should get $35 back since he failed to deliver the product.

Other hand; he gave you the exact amount of BTC you gave him right back. Maybe he does not have a lot of BTC so that's all he was able to re-fund you (hence my broke boy statement above)

When I ran a service I had a similar issue, but I refunded the user for the full amount not the bitcoins. I think it's unfair.

Originally Posted by rsgang

When I ran a service I had a similar issue, but I refunded the user for the full amount not the bitcoins. I think it's unfair.

It's not unfair. They took the risk sending you the bitcoins, showing they had faith in bitcoin's price.
It's like selling some baseball card you didn't know was valuable for $5 then realizing it's valuable, and bullshitting the guy into giving you the same card (now with more worth) for $5.
Or, selling someone a car for $30k, then a few years later he wants to return said car for $30k even with depreciation. Hell no.

From a buyers perspective i can see you wanting ur $ back that you sent and not just the btc number, but from a sellers perspective it would be more expensive doing so, but in this case he failed to deliver which was the reason ur btc value dropped cause of the time difference, so think he should send you the amount u sent.

Refunds Using Crypto?

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