SWAPD is a trusted middleman service dedicated to offering our users the safest way to buy, sell, or trade items and services of virtual nature. SWAPD opens doors for you to earn and rise to fame in the digital universe by connecting you with vast network of buyers, sellers, and opportunities.
Some other sites in our niche utilize a victim/insurance fund where users who lost unrecoverable funds are paid out from the pool of money gathered in such funds. We plan to fund it with a small % of our monthly income, the sales of Premium Memberships, and user donations. Albeit, we don’t expect the fund to reach any significant levels but even if it helps a few people it will be worth it. These funds would only be available to PM/VIP/DC members. Our question is, how do the other sites establish who gets paid? Especially in questionable situations where the staff doesn’t have enough evidence to make the right call?
Ideas and initiatives like this are part of what Swapd.co such a great community. What a generous and caring leader we have. Together we stand in weal and woe!
A 3-days Marathon Victim-Fund Fundraiser can also be run under a Thread every month to raise Funds from random contributors on this Forum. It will help a lot and will be a perfect reminder.
Maybe there could be a special group or something that you can get in if you pay $100-200, and that can be used for the fund, or 50% for it. But at the same time I like that swapd is free to use. Hard to decide
I think swapd should make a policy to provide only 25 to 35% to the victim, from the victim fund.
And while taking donations for this cause i think it would be great if there are few victim funds donation days or a whole v.f week where swapd deducts small amount of percentage such as 0.5 or 1% from every ticket that goes on that week. It could help saving up good amount for victim funds without making any noticable effects on the members.
Not everyone who get scam here should get paid from victim funds, they should present their case to the staff and after taking everything into consideration swapd staff should give a decision out if a person’s eligible or not.
I would imagine such funds could be susceptible to abuse, no? We’ve seen everything, people try to con us and our users from various angles. What would stop a user from opening a NEW SWAPD account, doing a deal, then claim the deal went south and he wants to get paid?
That’s why only PM/VIP/Diamond users should be able to receive a payout from the fund. Also, as mentioned in the previous posts, depending on the size of the fund, it should be limited to a maximum of 20%/$100 per dispute for example.
As seen on other sites, the transaction history of the fund should be public with other members having the ability to donate.
And also, the staff team should be able to vote on the outcome of the disputes to help you with distributing the funds, etc.
Great decision to add it, hopefully it gets implemented the right way so others won’t be able to abuse it.
Good idea would be for sellers with warning sign to freeze a % of the sale.
If something going worng a part of the froze money will go back to the buyer.
The problem with this, it will make it harder for people to join Swpad.
