Selling using Escrow transactions

[redwoods]

How does escrow work and how easy it is to set it up for selling ?

[DannyHamilton]

That depends on what you are selling and which escrow service you choose to use.

[hazyrazors]

I also am curious. Creating a trustworthy escrow service seems healthy for the community and a good way to make a profit.

[redwoods]

That depends on what you are selling and which escrow service you choose to use.

read as selling BTC !, how does one use it ?

[Light]

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.

[redwoods]

Thanks Light, where or who would you go to set it up ?  I assume whomever is 'ecrowing' charges a fee ?

[Tomto31]

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?

[TookDk]

Try look at this thread:

https://bitcointalk.org/index.php?topic=276897.0

[Satuae]

Try look at this thread:

https://bitcointalk.org/index.php?topic=276897.0

Thanks for that. It is a helpful list.

[TookDk]

No problem

[kajunkennyg]

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?

[Itun]

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