Skial Middleman - Beta Announcement

Discussion in 'News' started by Bottiger, Oct 12, 2011.

  1. Bottiger

    Bottiger Administrator

    I am please to announce Skial Middleman. Skial Middleman is a system that let's you buy and trade items in Steam Trade from other people using US dollars and/or Bitcoins.

    Skial middleman is now in semi-private beta. It is now fully operational, but will be going through a testing period to ensure there are 0 problems.

    Why use this instead of a "Trusted" Middleman
    • Paypal is subject to payment reversal. If you are paid with an account that happens to be stolen or the user files a charge-back on their credit card, Paypal will remove the money from your account to cover the loss even if you already traded your $1000 unusual.
    • No need to gamble that a certain middleman is trustworthy or hasn't had their account stolen.
    • No need to wait for a middleman to wake up when both you and your customer are awake.
    • The bot will be online 24/7 and have your items available for sale 24/7.
    • Pay or buy with bitcoins, a free and secure, 0-signup p2p currency.
    • Upcoming support for other currencies supported by Mtgox such as Euros, Russian Rubles, Canadian Dollar, British Pound, Australian Dollar, Hong Kong Dollar, New Zealand Dollar, Japanese Yen, etc.
    • Other currencies that you receive is automatically converted to the main currency you chose at market rate +2.5%. You may disable this setting at your account.
    • There is a tiny $0.25 fee per USD withdrawal from our payment processor. There are 0 fees for withdrawing bitcoin.
    • Valve may still remove items bought with a stolen credit card or account. This is also a problem when using human middlemen, but people should know this in case there is an assumption that Skial Middleman is flawless.
    • You may not trade Spiral Knights items due to their terms of service.
    All commands work only when you are typing in Steam trade chat. Words in brackets indicate something you should type without the brackets. Available currency is currently USD or BTC.

    remove [tradeid]
    Remove one of your trades.

    price [a number] [currency, defaults to USD if unspecified]
    Sets the price of your current trade.

    Display your unpurchased tradeids

    buy [tradeid]
    Puts someone's trade on the screen and shows you the price.

    pay [currency]
    Buys the trade currently on the screen. The middleman will accept the trade once you've paid.

    deposit [mtgox code]
    Deposits mtgox code into your middleman balance.

    withdraw [currency]
    Withdraws all you have in one currency into a mtgox code.

    Shows how much money you have.
    • Like Like x 3
  2. Roman

    Roman Banned Contributor

    I am a tester and can vouch for this system.

    If someone would like to trade/buy/sell something from me using the SMM, let me know and we can arrange something.
  3. [GTM]Koala

    [GTM]Koala Uncharitable Spy

    hey u selling keys for money? ><
  4. CiNiC

    CiNiC Gaben's Own Aimbot Contributor

    Bottiger is collecting quarters for the arcade.
  5. ViperStriker

    ViperStriker Banned Contributor

  6. (cYs) Del Piero

    (cYs) Del Piero Notably Dangerous Demo-Knight Contributor

    A 0.25$ fee per 1$ is actually a lot.
    Lets say you sell an unusual for 300$. 75$ would be the fee you pay just to receive them money right?
  7. gigitrix

    gigitrix Mildly Menacing Medic

    Per USD Withdrawal, not "per $ withdrawn". It's a flat fee.
  8. (cYs) Del Piero

    (cYs) Del Piero Notably Dangerous Demo-Knight Contributor

    Ah ok thanks! I misunderstood that then. Thought you had to pay 0.25$ per $ :D
  9. ViperStriker

    ViperStriker Banned Contributor

    Yeah. Having to pay $75 for selling a $300 Unusual would be retarded.
  10. Bottiger

    Bottiger Administrator

    No there is not a 25% fee. No one would ever use a 25% fee system. There is a $0.25 fee per withdraw from mtgox to Dwolla which allows you to transfer to your US bank account via ACH. There is a 2% fee for withdrawing to an EU bank account via wire.

    These fees are lower than the Paypal credit card fee, and a lot cheaper for you in the long run because of 0 chargebacks. If you want completely 0 fees, you can either leave your money at or you can accept bitcoins and find someone willing to exchange bitcoins for paypal and risk a chargeback that way.

    I am not collecting quarters from people.

    However I may add a small fee in the future for maintenance costs and the cost of buying games like TF2 and Portal 2 for the middleman account so it can store those items.
  11. (cYs) Del Piero

    (cYs) Del Piero Notably Dangerous Demo-Knight Contributor

    You don't need to buy TF2 do you ?
  12. Bottiger

    Bottiger Administrator

    You need to buy TF2 in order to trade items.
  13. ViperStriker

    ViperStriker Banned Contributor

    Your real smart.
  14. Roman

    Roman Banned Contributor

    To address Viper's concerns, this is still a beta. However, Bottiger has worked pretty diligently to find any loopholes or problems with Steam Trade in order to try to vanquish this. He found Steam Trade to be the most reliable (i.e. least likely to lead to scams) so that's what he went with. That, or it was easiest. Either way, I can vouch that it works. I'm transferring money to Mtgox for trading to show that I have faith in the system.
  15. Toxik

    Toxik Moderator Contributor

    I'll try this out later today, just please remind me to lolol.
  16. ViperStriker

    ViperStriker Banned Contributor

    Thanks Roman. I needed some reassurance. I've just had so many Bugging probs with Steam Trading.
  17. swarƒega

    swarƒega Notably Dangerous Demo-Knight Contributor

    If you have buds, Id be interested in buying them from you using this system.
  18. Roman

    Roman Banned Contributor

    How much?
  19. (cYs) Del Piero

    (cYs) Del Piero Notably Dangerous Demo-Knight Contributor

    How can someone become a tester of this system. I've gotten already used to the fact using PayPal now.
    It got announced almost one Month ago...
  20. Bottiger

    Bottiger Administrator

    The only requirement is that you need to sign up for a account. All you need is an email address.

    To add or withdraw funds to and from your bank account, you will need a bank account.

    We will face adoption problems because most people use Paypal. But we have the one thing that kills Paypal usage: no chargebacks.
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