|
April 04, 2013, 06:24:50 PM |
|
I guess that someone has thought of this before - but I just want to check:
You order a PC on line and pay with Bitcoin. The Bitcoin goes into a virtual escrow account The package is delivered by UPS with a QR code which I scan This tells the delivery guy it's me; and releases the funds from the escrow account to the merchant. No arguments
There could be a DNS lookup online, so my public key is linked to my delivery address, and only I can change that.
This totally get's around the "I need to pay with PayPal or Credit Card, because that way I'm protected if the guy does not deliver". And for the seller it gets around a number of issues: chargebacks, false delivery addresses, buyers claiming they did not get the goods when they did, delivery companies claiming they delivered to the right person/address, when they did not etc.
You can set the escrow account so that if the delivery is not made within say 3 days, then the buyer get's their money back. And if after that the delivery was attempted, the delivery guy would get a msg when the buyer scans the QR code not to deliver. Or only to deliver if the buyer first pays on the spot by Bitcoin.
You could also nominate another Bitcoin address for delivery purposes, either because you wanted it delivered to a different address (say your work); or you wanted a receptionist to take the package.
All this would remove the last stumbling block for buyers to use Bitcoin, as they would be covered for non-delivery.
Any thoughts? Thanks!
|