[ANN] SetEscrow - Secure escrow for the cryptocurrency world

[pr0d1gy]

So we are launching a new public beta for a website called SetEscrow.com, thought we would invite the Bitcointalk community. The last time we had a beta, we ended up with CoinPayments, so if you liked that, I hope you will enjoy this new project.

What is SetEscrow?
A user powered, reputation based, platform for users to easily and securely create escrow transactions on demand.
 

3 Easy Steps To Use

Step 1

• Create Escrow

The buyer or seller clicks the Create Escrow Transaction button in the menu and enters the transaction information and options. Registered users save 0.15% on escrow fees and build their trust score to inspire confidence in future transactions.

Step 2

• Review Terms

The buyer receives an email inviting them to the escrow. Once they review the escrow settings they send the coins if they agree to the terms of the transaction. At the same time the seller receives an email with a link to monitor the status of the escrow transaction.

Step 3

• Complete Transaction

Once funds are received the seller ships the product or performs the service, etc. The buyer then has an inspection period to receive and inspect the product. If they are satisfied they release the funds to the seller or if there is a problem they can raise a dispute instead.
For full details on the dispute process see our detailed help section.


FAQ:

How does this service work?

The buyer or seller clicks 'Create Escrow Transaction' and fills out the required entries.

From there, the buyer has X days to send the required funds for the transaction. Once the funds are received, the seller is notified and will ship/send/release the product or service the buyer purchased and the 'inspection period' has begun. (When setting up the transaction, make sure to leave enough time for shipping as well.)

When the buyer receives their product/service they will either click 'Release Funds' if they are happy with the purchase to send the funds to the seller or they can click 'Start Dispute' if there is a problem. If the buyer doesn't click either option the escrow will time out after the configured number of days and release the funds to them automatically.


How are disputes handled?

The buyer and seller will both provide testimony and evidence (pictures, tracking numbers, etc.) for their case. A panel of 3 judges will decide the outcome of the case which may be:

• a) refunding the funds to the buyer
• b) releasing the funds to the seller
• c) a 50/50 split
• d) in the rare case a decision can't be reached, the funds will be released to a 501(c)(3) registered charity of our choice and the transaction ID published on this website.

What are the fees?

The number of days determines the escrow fee, they are as follows:

1-3 days: 0.40%,
4-9 days: 0.65%,
10-21 days: 0.90%
22-30 days: 1.05%
22-30 days: 1.05%
30+ days: 1.15% + 0.5% per month.

You can save 0.15% if you have an account, and are logged in.


Multiple Coins
We support a number of crypto coins for escrow transactions, current list is:

Bitcoin, Litecoin, BlackCoin, CloakCoin, CureCoin, Dash, DigitalCoin, Dogecoin, Feathercoin, Hyper, MintCoin, NuBits, Netcoin, Namecoin, Novacoin, PotCoin, Peercoin, StartCOIN, Sexcoin, TitCoin, Unobtanium, Litecoin Testnet (For testing)

https://www.setescrow.com/supported-coins

Do you plan on adding more coins?
Not for now, this is still a beta phase. So we'd like to see the use of the system before we add anymore coins.

Where do I sign up?
https://www.setescrow.com/register

[1713911501]

1713911501

[1713911501]

1713911501

[1713911501]

1713911501

[pr0d1gy]

Reserved

[marlenac]

More established providers?   

Good stuff guys! Keep it rolling!

[pr0d1gy]

More established providers?   

Good stuff guys! Keep it rolling!

Thanks, we keep trying to roll out what we can, when we can!

[pr0d1gy]

bump

[icet208]

the website looks good. Just created an account, looking forward to make some transactions

[pr0d1gy]

the website looks good. Just created an account, looking forward to make some transactions

Awesome, please let us know how your experience is, thanks for giving us a try!

[Cxinbolen]

Hey, this looks great! I have a couple basic questions about SetEscrow that hopefully won't be a hassle to answer.

1) Who are the three judges that resolve disputes (and how are they selected)? Are they community members that have a high score in your reputation system, or staff members that you hire and trust?

2) Simple question: how do we know you're not going to run with the funds?

[monbux]

Hey, this looks great! I have a couple basic questions about SetEscrow that hopefully won't be a hassle to answer.

1) Who are the three judges that resolve disputes (and how are they selected)? Are they community members that have a high score in your reputation system, or staff members that you hire and trust?

2) Simple question: how do we know you're not going to run with the funds?

I'm wondering this as well.  And how are the bitcoins stored?

[MrData]

To answer your questions:

1) The judges are staff members we trust, we have known and worked with all the judges since 2013.

2) pr0d1gy and I are the original founders of CoinPayments.net and still work there for the current owners. We haven't run with that money.

3) The coins are stored on separate servers from the website. If we end up with a substantial amount stored we'll also implement cold storage.

Thanks

[pr0d1gy]

Bump

[bussybuddy]

So we are launching a new public beta for a website called SetEscrow.com, thought we would invite the Bitcointalk community. The last time we had a beta, we ended up with CoinPayments, so if you liked that, I hope you will enjoy this new project.

What is SetEscrow?
A user powered, reputation based, platform for users to easily and securely create escrow transactions on demand.
 

3 Easy Steps To Use

Step 1

• Create Escrow

The buyer or seller clicks the Create Escrow Transaction button in the menu and enters the transaction information and options. Registered users save 0.15% on escrow fees and build their trust score to inspire confidence in future transactions.

Step 2

• Review Terms

The buyer receives an email inviting them to the escrow. Once they review the escrow settings they send the coins if they agree to the terms of the transaction. At the same time the seller receives an email with a link to monitor the status of the escrow transaction.

Step 3

• Complete Transaction

Once funds are received the seller ships the product or performs the service, etc. The buyer then has an inspection period to receive and inspect the product. If they are satisfied they release the funds to the seller or if there is a problem they can raise a dispute instead.
For full details on the dispute process see our detailed help section.


FAQ:

How does this service work?

The buyer or seller clicks 'Create Escrow Transaction' and fills out the required entries.

From there, the buyer has X days to send the required funds for the transaction. Once the funds are received, the seller is notified and will ship/send/release the product or service the buyer purchased and the 'inspection period' has begun. (When setting up the transaction, make sure to leave enough time for shipping as well.)

When the buyer receives their product/service they will either click 'Release Funds' if they are happy with the purchase to send the funds to the seller or they can click 'Start Dispute' if there is a problem. If the buyer doesn't click either option the escrow will time out after the configured number of days and release the funds to them automatically.


How are disputes handled?

The buyer and seller will both provide testimony and evidence (pictures, tracking numbers, etc.) for their case. A panel of 3 judges will decide the outcome of the case which may be:

• a) refunding the funds to the buyer
• b) releasing the funds to the seller
• c) a 50/50 split
• d) in the rare case a decision can't be reached, the funds will be released to a 501(c)(3) registered charity of our choice and the transaction ID published on this website.

What are the fees?

The number of days determines the escrow fee, they are as follows:

1-3 days: 0.40%,
4-9 days: 0.65%,
10-21 days: 0.90%
22-30 days: 1.05%
22-30 days: 1.05%
30+ days: 1.15% + 0.5% per month.

You can save 0.15% if you have an account, and are logged in.


Multiple Coins
We support a number of crypto coins for escrow transactions, current list is:

Bitcoin, Litecoin, BlackCoin, CloakCoin, CureCoin, Dash, DigitalCoin, Dogecoin, Feathercoin, Hyper, MintCoin, NuBits, Netcoin, Namecoin, Novacoin, PotCoin, Peercoin, StartCOIN, Sexcoin, TitCoin, Unobtanium, Litecoin Testnet (For testing)

https://www.setescrow.com/supported-coins

Do you plan on adding more coins?
Not for now, this is still a beta phase. So we'd like to see the use of the system before we add anymore coins.

Where do I sign up?
https://www.setescrow.com/register

Bump 👍! Very good IDEA! 5 stars!

[ricku]

I dont have much to say about this your service apart from it comes from a trusted member of this forum and i will like you to also have a similar website on the darknet, i am willing to promote your website over there when you set it up because you can be trusted.

[klarki]

Great idea and realization.
I will be glad to take part in various ICO under your escrow.

[Doamader]

This service must get popular, and you need some trusted members to judge here, maybe you should consider allow some reputable members here to act as judge, and well even needing an escrow i cant use your project because looks like no one use it.

[jeffersonairplane]

This is good we need more trusted and established escrow providers that are not just forum members of bitcointalk. Service like this makes it easy for the common peoeple to start an escrow transaction because not everybody who uses bitcoin uses this forum and it's forum escrowers.

[EnacDomains]

Okay I see potential here.

[pr0d1gy]

I dont have much to say about this your service apart from it comes from a trusted member of this forum and i will like you to also have a similar website on the darknet, i am willing to promote your website over there when you set it up because you can be trusted.

Thank you for the kind words, we will look into the suggestion, but can not promise anything right now as we are focusing on every day clear net transactions.

Great idea and realization.
I will be glad to take part in various ICO under your escrow.

Thank you for considering using us for your future escrow needs! :-)

This service must get popular, and you need some trusted members to judge here, maybe you should consider allow some reputable members here to act as judge, and well even needing an escrow i cant use your project because looks like no one use it.

We agree, the service must grow, the growing process will also help create trusted members within our ecosystem. The suggestion to make trusted members of the forum could be doable, there would have to be more of an interest in this but we will keep the idea on the table.

This is good we need more trusted and established escrow providers that are not just forum members of bitcointalk. Service like this makes it easy for the common peoeple to start an escrow transaction because not everybody who uses bitcoin uses this forum and it's forum escrowers.

Yes, you have a very valid point. This will help everyday escrow, without the need to participate in forums for the service. We hope more can see that potential and begin to use the system more. Thank you for your input! :-)

Okay I see potential here.

Thanks, hope more people can see that as well!

[cameron321]

Respected Sir

   Its been 18 days now since I disputed the transaction on setescrow i have previously done couple of transaction on setescrow and that too for a high amount, amount got back to my wallet right after 6 days never faced this delay, I need to do one big transaction on emergency basis that's for like $4000 please look into my dispute resolve it to the earliest so can initiate my other transaction to the quickest this is my email address monuojha972617@gmail.com

[JollyGood]

Respected Sir

   Its been 18 days now since I disputed the transaction on setescrow i have previously done couple of transaction on setescrow and that too for a high amount, amount got back to my wallet right after 6 days never faced this delay, I need to do one big transaction on emergency basis that's for like $4000 please look into my dispute resolve it to the earliest so can initiate my other transaction to the quickest this is my email address monuojha972617@gmail.com

Did you ever get your money back?

Is the setescrow website active? It seems live but there is no activity on any forums about it.