Silk Road forums
Market => Rumor mill => Topic started by: Talk to Frank on May 03, 2013, 07:38 am
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ATTENTION ALL VENDORS
I don't know if this has been discussed on the forums already, but I recently received a message from 'Management' offering insurance on Silk Road for 1BTC being sent to a wallet address. This is a clear and definite scam which I've confirmed with Vendor Support, but I thought I'd post on here just to warn everyone else as well. Here is the message:
Our apologies for the downtime this week. It has been quite a challenge combating the multiple DDOS attacks on the site, but we are proud of our hard working staff that was able to go the extra mile to make Silk Road stronger then ever!
Now, the good news. We have been debating the idea for quite awhile to offer insurance for our vendors against refunds/scams/disputes. We're happy to announce that Silk Road will give our vendors the option to opt into having insurance on their account.
The way it works is that if you have an Insured Account, you will be protected upto $1,500 for the period of 1 year.
In the event of :
1) Buyer claim they did not receive their order
2) Resolution in buyers favor
3) Vendor issues a refund of the order
Silk Road will cover this loss and reimburse your account for a total of upto $1,500 within a period of 12 months. Your insurance payout for a claim is credited to your account immediately. There will be an "Insurance Claim" link under the Transaction. You are not obligated to claim insurance, but there will be no limit to how many times you will be reimbursed other then when you reach the $1,500 maximum. We feel this is a fair amount.
Insurance will go into affect immediately if you choose to opt-in. Please understand that this is in no way required, and each vendor's situation is different. But given the amount of refunds/scams/resolutions that hurt our vendors nearly every week.. we think its well worth it.
The cost of having insurance put on your account is 1 BTC/yearly. That's it. You may renew the insurance exactly 1 year from when you opt-in. 1 BTC (at todays rate is around $127.63) will give you a maximum of $1500 in protection. Your coverage starts immediately. No recurring fees or charges.
In order to add Vendor Insurance to your account you MUST do the following
1) Send ฿1.00 to our account 1D7rojUtjyAgL8WgxMMVKp49tXHmnbCdCU
2) Reply to this message with the word "Insured"
(If you do NOT reply, your account will not be marked as insured in our system!!)
If you have any questions feel free to send them our way!
Thanks,
Management