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Title: Selling using Escrow transactions Post by: redwoods on December 03, 2013, 07:57:48 PM How does escrow work and how easy it is to set it up for selling ?
Title: Re: Selling using Escrow transactions Post by: DannyHamilton on December 03, 2013, 08:03:48 PM That depends on what you are selling and which escrow service you choose to use.
Title: Re: Selling using Escrow transactions Post by: hazyrazors on December 03, 2013, 09:03:07 PM I also am curious. Creating a trustworthy escrow service seems healthy for the community and a good way to make a profit.
Title: Re: Selling using Escrow transactions Post by: redwoods on December 04, 2013, 09:43:58 AM That depends on what you are selling and which escrow service you choose to use. read as selling BTC !, how does one use it ? Title: Re: Selling using Escrow transactions Post by: Light on December 04, 2013, 09:48:29 AM read as selling BTC !, how does one use it ? Escrow basically works like this: you don't trust the person you're trading with enough to outright trade with them so both instead trust a third-party. One party stores whatever their trading (in this case BTC) with the third-party while the other party sends their good/service/money etc. From here, if both sides agree then the BTC is released from the third-party to the party meant to receive. However, if there is a dispute then arbitration occurs with the third-party deciding who is correct and who should receive the BTC. Title: Re: Selling using Escrow transactions Post by: redwoods on December 04, 2013, 10:04:33 AM Thanks Light, where or who would you go to set it up ? I assume whomever is 'ecrowing' charges a fee ?
Title: Re: Selling using Escrow transactions Post by: Tomto31 on December 04, 2013, 10:11:01 AM read as selling BTC !, how does one use it ? Escrow basically works like this: you don't trust the person you're trading with enough to outright trade with them so both instead trust a third-party. One party stores whatever their trading (in this case BTC) with the third-party while the other party sends their good/service/money etc. From here, if both sides agree then the BTC is released from the third-party to the party meant to receive. However, if there is a dispute then arbitration occurs with the third-party deciding who is correct and who should receive the BTC. Where can I find a list of reliable escrow service providers? Title: Re: Selling using Escrow transactions Post by: TookDk on December 04, 2013, 10:15:53 AM Try look at this thread:
https://bitcointalk.org/index.php?topic=276897.0 Title: Re: Selling using Escrow transactions Post by: Satuae on December 04, 2013, 10:23:10 AM Try look at this thread: https://bitcointalk.org/index.php?topic=276897.0 Thanks for that. It is a helpful list. Title: Re: Selling using Escrow transactions Post by: TookDk on December 04, 2013, 10:28:05 AM No problem :)
Title: Re: Selling using Escrow transactions Post by: kajunkennyg on December 04, 2013, 10:42:45 AM Try look at this thread: https://bitcointalk.org/index.php?topic=276897.0 Thanks for this post. I've been hoarding my btc's for a while. I think I'll start using them to buy goods/services. Is there a master list of merchants on this site somewhere? Title: Re: Selling using Escrow transactions Post by: Itun on December 04, 2013, 11:10:11 AM Try look at this thread: https://bitcointalk.org/index.php?topic=276897.0 Thanks for this post. I've been hoarding my btc's for a while. I think I'll start using them to buy goods/services. Is there a master list of merchants on this site somewhere? Haha I don't think there is a master list of merchants. But the market place section of this forum is probably what you're looking for. https://bitcointalk.org/index.php?board=5.0 |