Trading on remitano exchange is now timely and convenient after all that is what technology ought to bring to the table!
Why should any trader patronize a system without improvement or leverage in the first place? This factor is of a great concern and it matters a lot if time must be considered as the most treasured asset in accomplishing a trade.
Solving time-delay related trading issues remitano has got this right once and for all for her community.
As rightly posted in the headline, what traders can claim 50% transaction fee if trade is not concluded in time and how long does it take to call a trade a "slow release" from a seller?
Of course! If the seller takes more than 15 minutes to release a trade which buyer already completed its payment, the trade will be a "slow trade" and buyers can have their "cash back" on transaction fee already incurred.
It is worthy to consider that the 15 minute-time will be counted from the time buyer clicks "PAID" to settle seller until the time that coins are actually deposited in the buyer's wallet.
It is when the seller fails to make release 15 minutes after "paid" has been clicked that buyers earns 50% cash back on transaction fee.
Good as it is buyers may lose this opportunity if he fails in the following:
- If buyer transfers money through a bank account different from the seller's such that credit does not reflect on seller's account within 5 minutes.
- If the buyer does not fulfill accurate transfer content as instructed in his payment mandate.
- If the buyer reopens already cancelled transaction to manually continue the trade.
- If the buyer specifically asks the seller to delay release of the coin, the rule is flouted!
Although this seems good to guarantee timely transaction and buyer's protection however, remitano reserves the right to make a final decision on the cash back if suspicion is perceived about a trade.
