Prevention is better than a cure. Please escrow.

[tongokongo]

I started my escrow services like a week ago. As I am strongly connected to NEM blockchain, doing talks, owning a youtube channel and being a public figure, I decided to create my service for people. For now buying/selling NEM ralated tokens was super risky. And in one week I made more than 1 BTC in trades, getting knowledge in every trade. I really think that escrow work isn't easy, you need to deal with people and be nice and of course your word need to be the most important thing.

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[muhammedb]

In online trade they are many scams, which can cost all online trader hug lost and no body is above the standard of scam or harker, so to me I think the only way to avoid this is to always use escrow in any trade u do online, which stand as midman between d smaller and the buyer in online trade, and I have no rike at all.

[fanou1989]

I've heard it's always a good idea to get an escrow if you're working with people offshore, but I think it's a good idea whenever you're working with someone new. After all, an ounce of prevention is worth a pound of cure.

[muhammedb]

As an online investor, I think is good to you an escrow and be free from online fraudstar which cause problem to online investor but with this escrow u are free free to do online transaction without fair. Get to you escrow in online business.

[RautK]

Thank you for the good willed advice ..

[appleffi]

Indeed prevention is better than cure! And by disseminating the use of escrow, bitcoin users including me can avoid any fraud or scam. It was recently where I learned about escrow through reading post on services board which they use to regulate funds between the campaign manager and its members.

[justatrader]

I have a silver 10btc Casascius physical bitcoin I will be selling and I keep seeing bad things about escrow services (done by individuals). Is there a true list of trusted people as I am now thinking twice about selling it. Can anyone at least be trusted or is there a physical escrow service that can be trusted?

Thanks for your insightful and scary rundown of just how real the scammers are.

[Postlegend]

I have a silver 10btc Casascius physical bitcoin I will be selling and I keep seeing bad things about escrow services (done by individuals). Is there a true list of trusted people as I am now thinking twice about selling it. Can anyone at least be trusted or is there a physical escrow service that can be trusted?

Thanks for your insightful and scary rundown of just how real the scammers are.

If you read the first post, you'll should have found a list of escrows. I've pasted the link for your convenience (https://bitcointalk.org/index.php?topic=855778.0).

[KaydenC]

I'm offering escrow services using an Ethereum Dapp, called EscrowMyEther: http://escrowmyether.com/


ANN thread: https://bitcointalk.org/index.php?topic=2221107.0


How it works

The buyer initiates an escrow transaction, specifying a seller and escrow agent. The smart contract locks the buyer's funds. Once the buyer receives the item, he can release funds to the seller.

In case of dispute, escrow agent can step in to refund the buyer, or release funds to seller. Seller can also refund the buyer at any time. When the transaction is complete, the seller or buyer (if refunded) can withdraw their funds. Escrow agent can withdraw their escrow fees.

The Dapp dashboard allows the buyer/seller/escrow to view and interact with their escrow transaction history. The Dapp's code is open source and runs from the blockchain. Here's the code: https://etherscan.io/address/0x1c02ce498dc6d0d6ef05a253e021258b07eeba91


Some screenshots






Why it's secure

The smart contract locks the buyer's funds. The Escrow agent never touches the funds, he only has the ability to refund the buyer, or release funds to seller. Even in the rare scenario the escrow agent is compromised, the hacker can only refund/release funds, but cannot steal funds.


Try it out

If you offer escrow services too, you might want to check it out. The dashboard allows all escrowed transactions and their statuses to be easily viewed. Additionally, your intervention is only required when there's a dispute. For a normal transaction, the buyer releases funds himself and no action is required on your part, saving time and transaction costs.


Video guide: https://www.youtube.com/channel/UCLN7fp80Uh8Iwy0tI2jTU0A

[snedyolo]

Of course! Prevention is way better than a cure. It’s like sickness, why wait to have it when you can avoid having it. The same principles apply in the bitcoin community. Using escrow is a good safety precaution method to avoid those kinds of problems.

[rolfmetzger]

thanks for the info

[Ascension Dev]

Totally agree with this context right here, It is better to be train and ready for exposure of any source to depend on a cure.Ecrow always relates to many different things it just all depends.

[samanthabiolena]

Doing stuff online like buying things or such is such a risk because we know that scammers in the internet is everywhere. Many people are going to pool you just to get a few cents from you. So prevention is really better than a cute because in reality, we can’t just stop and make a solution in this kind of problem in the internet marketplace. You just need to know all the safety measures for you to not experience being scam by any. It is better if you would transact from people that you really know and make sure that you know all her legit details just in case she would pool you, you will know how you will get a hold of her or him. Being scammed is really a prominent in this cyberworld and you wouldn’t know when you would encounter such people so be better safe.

[rodik888]

Hey!

What's a good escrow service which also has an affiliate marketing program?

[Landz1979]

Prevention is a better way for everybody for use not to transact any escrow Scammer, we need to be aware of any site that we can used. There has a lot of things to make us aware on that, one good example is training, if you are willing to be trained im sure your awareness for any in bad fate you will not need acure because you have a tools for any scam.

[portotoi]

thanx for the information. This topic is really helpful to me, because there are lot of scammers now a days and don't have any idea about this, but is this escrow services of yours are free?

[canaveralnonie]

It is better and easier to stop a problem from happening than to stop it after it has started. That's why Escrow is created I think. A lot of people said that "it removing the risk from online transaction"

[John Luke]

I understand the `escrow` procedure, my question is what is guarantee for the third part!

[olliewagoner]

Automated Bitcoin Escrow/ Escrow Integration (transcrow.net).




We focus exclusively on business to business transactions, providing security to both the buyer and the seller and our fee is affordable 1.5%.  Plus, we offer a RESTful API for developers (e.g. online B2B marketplaces, e-invoice providers, etc.) who are looking to integrate our payment service right into their site.
The process is automated, after signing up a wallet will be assigned to you.

This thread is open for comments and reviews!!!
Try us and rate us!!



www.transcrow.net

[Cryptoking784]

Hey, There is a P&D server, where you can easily get to know the coin 30 seconds ahead of everything else without having to pay. If you're interested check it out: https://discord.gg/Yde7f9F