Buying a Product

This guide walks you through the complete purchase process on Ruxaby, from product selection to order placement.

Selecting Your Product

Browse the marketplace to find products that meet your needs. Each product listing displays essential information including price, condition, delivery time, and escrow model.

Product Details

When viewing a product, you’ll see:

• Price: Displayed in USD with ALGO equivalent
• Condition: New or pre-owned status
• Size and Color: Available variants
• Stock Status: Current availability
• Estimated Delivery: Expected shipping timeframe
• Escrow Model: Trustful or P2P system

Adding to Cart

1. Select your preferred size and color options
2. Adjust quantity using the +/- controls
3. Click “Checkout Now” to proceed to payment

Order Configuration

After selecting your product, you’ll configure your order details and payment preferences.

Order Summary

Review your purchase:

• Product: Verify item details and quantity
• Total Price: Confirm final amount in USD

Payment Method Selection

Choose between two cryptocurrency payment options:

USDC Payment

• Direct payment in USDC stablecoin
• Price matches the displayed USD amount
• Immediate processing with fixed rates

ALGO Payment

• Payment using Algorand’s native token
• Price automatically calculated from current market rates
• Real-time conversion using Tinyman DEX pool data
• Rate fetched from USDC-ALGO pool reserves

Note: ALGO prices fluctuate with market conditions. The final amount will be calculated at transaction time using live exchange rates.

Order Comments

Add special delivery instructions or preferences in the optional comment field, such as:

• Preferred delivery time windows
• Special handling requests
• Alternative contact information

Shipping Address

Provide accurate delivery information to ensure successful order fulfillment.

Adding New Address

Click “Add New Address” to enter your shipping details:

Required Information

• Title: Address label (Home, Office, etc.)
• Street: Complete street address with house/apartment number
• City: Delivery city name
• Country: Select your country from the dropdown
• Zip Code: Postal code for your area

Address Management

• Save multiple addresses for future orders
• Archive existing addresses
• Select default shipping address for quick checkout

Understanding Escrow Models

Ruxaby uses two distinct escrow systems depending on the product type:

Trustful Model

For standard products using the Trustful model:

• Pay only the product price
• Platform acts as neutral arbitrator
• Funds held in escrow until delivery confirmation
• Standard dispute resolution process

P2P Model with Collateral

For high-risk items requiring mutual commitment:

Additional Collateral Deposit

• Product Price: Standard purchase amount
• Buyer Collateral: Additional deposit percentage set by seller
• Total Payment: Product price + collateral deposit

How P2P Collateral Works

1. You pay product price + your collateral deposit
2. Seller also deposits their collateral amount
3. Both parties now have financial stake in successful transaction
4. Upon successful delivery confirmation:
   • Seller receives product payment
   • Both parties get their collateral deposits returned
5. If disputes arise, collateral remains locked until mutual resolution

P2P Product Examples

This model is typically used for:

• Digital Products: Software licenses, e-books, templates
• Redeemables: Gift cards, vouchers, subscription codes
• Tickets: Concert, sports, or event passes
• Services: Freelance work, tutoring, consulting
• Currency Exchange: Crypto-to-fiat or fiat-to-crypto trades

Completing Your Purchase

Final Order Review

Before placing your order:

1. Verify product details and quantities
2. Confirm shipping address accuracy
3. Review payment method and amounts
4. Check delivery timeframe expectations

Transaction Process

1. Click “Place Order” to initiate purchase
2. Your wallet will prompt for transaction signing
3. Confirm the transaction details in your wallet
4. Sign and submit the blockchain transaction

Order Confirmation

Once your transaction is confirmed on the Algorand blockchain:

• Order status changes to “Pending”
• Seller receives notification to ship
• You’ll receive order tracking information
• Funds are securely held in smart contract escrow

After Purchase

Order Tracking

Monitor your order status through your buyer dashboard:

• Pending: Payment confirmed, awaiting shipment
• Processing: Item shipped with tracking information
• Delivered: Package arrived, awaiting your confirmation

Delivery Confirmation

When your order arrives:

1. Inspect the product for accuracy and condition
2. Confirm receipt through your account dashboard
3. Funds are automatically released to the seller
4. For P2P orders, collateral deposits are returned to both parties

Issue Reporting

If problems arise with your order:

• Report issues through the order management page
• Provide detailed description and supporting evidence
• For Trustful model: Platform moderators will investigate
• For P2P model: Work directly with seller to resolve disputes

Best Practices for Buyers

• Verify Addresses: Double-check shipping information before submitting
• Understand Escrow Models: Know whether you’re buying Trustful or P2P products
• Monitor ALGO Rates: For ALGO payments, be aware of price fluctuations
• Communicate Clearly: Use order comments for special instructions
• Confirm Promptly: Confirm delivery once you receive and inspect your order

Your purchase is now complete and secured by Ruxaby’s blockchain-based escrow system!