; Monero Market

Information and Policies

Overview

Monero Market is an online marketplace that only uses Monero (XMR)

The website is for anyone to buy and sell goods peer to peer.

NO ILLEGAL ITEMS ARE TOLERATED ON THE PLATFORM

Any users found breaking the rules will be permanently banned from the platform

Users must follow all laws relevant to their jurisdiction and buyers jurisdiction

All items will be priced in USD. The XMR amount will fluctuate based on current exchange rates

AI Service

Monero Market AI chat enables access to Text and Image generation AI models from various providers

Pay per prompt using XMR, AI chat costs for each month will aggregate on a Bill

Use account wallet to deposit funds for AI chat

Fees

Monero Market charges for AI chat usage monthly

Monero Market charges vendors a 5 percent fee for escrow service

Escrow Service

The escrow system can be used for select orders and the dispute resolution process will be invoked if buyers are unhappy with their purchase or feel they were mislead. After submitting a dispute form which consists of 5 files and a description to explain the issue, the seller will have 5 days to respond before the site admins can review the case and make a judgement. The seller will be emailed if there is a dispute created for one of their orders. When responding to the dispute, sellers will be able to see the files and description uploaded by the buyer.

If a vendor fails to respond to a dispute claim, the buyer will automatically win and be refunded the full amount

In normal cases, the buyer will click 'Release funds to Seller' on the Orders page which will automatically payout funds to the seller

Escrow is available for goods and services only

2/3 Multisig Escrow

Multisig escrow is intended for intermediate - advanced Monero users as it involves multiple steps and using the monero-wallet-cli software

Multisig escrow is the most secure option. The seller, buyer, and Monero Market will construct a 2/3 Multisig wallet (2 participants must sign a transaction to move funds from the wallet)

The Multisig wallet will be created and funded asynchronously over a 7 day time limit. If the Multisig has not been created and funded in that time it will be cleared out by the system.

The payments from a Multisig wallet can be coordinated many ways but our policy in normal cases (e.g. successful transaction with no issues) will be to sign transactions with the sellers

Email

Email is used to contact users about the following:

  1. New Messages from users on Monero Market
  2. News on Monero Market
  3. Notification of New Order
  4. Dispute Opened, Dispute Resolution
  5. Password Reset
PGP Keys

Monero Market supports PGP keys. Your PGP key can be added and updated through your profile page. Other users can navigate to your profile page to find your PGP public key.

If a user prefers to use PGP they won't need to fill out their real address data when placing an order. The will need to get the PGP key of the seller, encrypt their address, then message the seller on Monero Market with their encrypted message after placing the order

For users who don't want to opt for this level of privacy, plain text addresses are also supported.

Information for Vendors
Sellers are advised to make good documentation of their product. This will be used in case there is an order dispute. If you fail to make this documentation as a seller, you may lose money and your product. Please take this seriously

Some examples of possible documentation
What constitutes as good evidence of legitimacy will depend on what you are selling
Please put timestamps in relavent pictures - include a piece of paper in the picture with the date and your Monero Market username beside your product
  1. picture of the item
  2. picture of item working
  3. pictures of serial numbers
  4. picture of defining features
  5. picture of package on scale
  6. picture of fully labelled parcel right before it is shipped
Data Policy

Monero Market takes user privacy seriously. We do not sell your data or try to collect data from users. We use captchas to reduce spam content and moderation to make sure listings are appropriate and legal. Email is used to update users about any messages, or password resets. No sensitive data will be included in the emails messages

Users will need to log onto Monero Market for this information


More features and improvements coming soon


Thank you for doing business on Monero Market
Market Chat ( 69 online )