Can GunTab be used for trades?

Yes, GunTab can be used to facilitate trades between two parties.

With GunTab, a trade is conducted as two separate transactions with the same dollar value, occurring at the same time but going in different directions. Basically, each party is both a “buyer” and a “seller” at the same time, at the same price. (Or, if it’s a “trade plus some cash” one party can pay more than the other.) These funds effectively serve as a security deposit until the trade is complete, and get returned later (minus GunTab’s fee).

How to perform a trade

You should start two transactions at the same time. You can start both transactions yourself:

1. Go to your GunTab Dashboard, click “New payment offer”, and follow the instructions. This starts the transaction where you’re a “buyer”.
2. Go to your GunTab Dashboard, click “New payment request”, and follow the instructions (which will be almost identical to the process you followed above). This starts the transaction where you’re a “seller”.

If both parties ship what they promised, they both end up receiving 1) the merchandise they expected and 2) a disbursement of the funds paid by the other side (the payment minus GunTab’s service fee.

What happens if there is a problem?

If one party does not ship what they promised, the other party can file a dispute with GunTab to get a refund on that particular transaction. In this case, the other transaction will not be affected. So it is possible for one side of the trade to fail. However, it is not possible for either party to be financially harmed. You either get your merchandise back, or you get paid for it.