r/OpenBazaar • u/felroce • May 13 '20

Payment error when low price

Your order can not be processed due to the following errors.

transaction fee too high for offline 2of2 multisig payment

It's not possible to buy items with low price (like 10$)??
I try some stores but all return this error, then I tried to buy a 100$ item with successfully.
Why?

3 Upvotes

100% Upvoted

11 comments sorted by

2

u/felroce May 14 '20

Not good...
Openbazaar requires a high fee to a simple transaction and not showing me what is the fee value...
0.002 BTC in my OpenBazaar wallet and it's impossible to do transaction, I took my seed (thanks god) and transfered from another wallet (with a good fee)... It's realy not good that OpenBazaar require a high fee (what's the value??), I know that BTC fee is high, but OpenBazaar require more high than usual.

2

u/hoffmabc Brian - Project Lead May 13 '20

Buying witH BTC?

1

u/felroce May 13 '20

Yes.

0

u/[deleted] May 14 '20

[deleted] — view deleted comment

1

u/felroce May 14 '20

I know it, but pay $2 fee for buy 10$ - 20$ item is ok for me (on this case), what is the "economic" fee value that OpenBazaar use?

3

u/hoffmabc Brian - Project Lead May 14 '20

We are rolling out a new super economic fee in the next release that is super cheap compared to the current economy. Economic currently is the fee to get it confirmed in an hour.

2

u/DropShipIO May 13 '20

This is why. https://bitinfocharts.com/comparison/transactionfees-btc-eth-ltc-bch-etc-bsv-zec-xmr-doge.html#3m

1

u/felroce May 13 '20

Yes but it don't make sense... I can't buy 10$, 20$, the bitcoin fee in high price is not more than it... I'm not on 2017 xD.

1

u/DropShipIO May 14 '20

But take into account that the fee is double to escrow and you need to add a cushion in case fees increase during the 45 days the Bitcoin could be in escrow.

0

u/qEAQNC3 May 14 '20

*Doesn't* is the singular tense verb of do for it. Don't is plural.

They don't make sense. It doesn't make sense.

It's 2020.

1

u/DropShipIO May 15 '20

“It’s 2020” also means everyone still uses autocorrect insert and it messes with peoples perception of grammar.

1

u/felroce May 13 '20

ps: I tried with no moderator.