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275 sats \ 0 replies \ @ctramount OP 18 Nov 2022 \ parent \ on: Chris Tramount, Chief Executive Pleb of Scarce.City & SatsCrap AMA 🤟 bitcoin
Sellers pay a refundable listing deposit (10% of their listing price) that's meant to keep them accountable for not listing illegal items and following the rules of the sale.
For reference:
https://satscrap.com/seller-guidelines
Of course they're immediately refunded the deposit when they cancel the listing or when they deliver the sold item.
Sats as collateral means we don't need a bunch of invasive personal info from the seller and it enables a much easier/faster listing process as long as you're familiar with transacting BTC (esp over LN).