I'm not sure if all escrows are the same but sounds like if there is a case for a refund we got to sign a message? Or alternatively send some extra Satoshis to represent our user id?
Sounds a bit odd because if I send coins to the escrow address it surely is me, who else would send coins to the address?
Yes someone could claim it is their address by looking at the blockchain but if claims for refund are done via PM or even publicly on the thread only from the user that actually reserved the coins it should be pretty fail proof. The rules look like more geared toward ICOs.
However I never used escrow so this may be a standard? And how much is the escrow fee if any?
Another question, where are the coins shipping from? Which country? So to check what the international shipping fees could be like.
What happens if coins come up with scuffs, marks, are not perfect?
It is not unusual there is a bad batch or a few coins in a batch with issues.
Will OP mention any defect before shipping or give option for refund straight away before sending coins?
If yes all you need is to tell escrow user X wants a refund.
Now sounds like this is the first time the OP is commissioning coins, it does feel rushed and could be a recipe for disaster.
I know there is an escrow which could be used but sounds like you may not get yer money back if you can't prove it is your address.
I'm not trying to jinx it, hope it all goes well, but it the most unusual coin sale I've seen during the time I've been around.
Any clarification appreciated.
Only saw your question now...
The problem with refunds is that anyone can come and claim that a tx id is his. So in order to proof that it is a certain investors investment he either has to proof that he controls the sending address or already proofed it upfront with his investment.
The possibilities are... you send the normal amount from your own wallet where you CONTROL the private keys of the addresses. Then you are able to sign a message for the sending address. No one else than you can do that.
Second way is to proof it by sending the payment together with the last 4 digits of your bitcointalk forum user id. If your payment should be 0.1 bitcoins then it does not matter if you send it from an exchange where you don't control the privkeys WHEN you add the last 4 digits of your user id as satoshies. For example if your userid wouldbe 15678 then you would send 0.10005678. Which would proof pretty good that you were the person sending the coins since only 1 of 10k users could have the same id and it would be unlikely that there would be a conflict.
It's the very most easy, fast and practically nocost way to proof the ownership of an investment. The fastest to check for me also.Last resort would send a small amount of satoshies again from the same address if you can enforce it. Though in that case you could sign a message also.
If all was not done then a refund would take some time because you would not want me to tell you that another person without proof claimed your tx and I paid him out.
That's all. In this special case... you might be partly right... the usernames are already bound to a coin. But still... what if User A paid and User B claims the payment for his coins he preordered so both claim it's their payment and none of them can provide proof?
Normally most don't care about the rules... until a refund has to be done... which is way more likely with ICO's, I agree, though still... if everything goes as smooth as possible then everyone is happy.
No escrow fee has to be paid by the customers. The OP will take care of tipping me.
Thanks for getting back. When I will pay (coins are on their way, I saw some pics, or close) I will send a PM to Xboxthreefixme with a TX ID, can also copy you in.
That will be proof of my username which is unique, it's associated with a coin or more and in case of issues before shipping Xboxthreefixme can say coin X, Y, Z or set X, Y, Z are all in perfect conditions
or there are issues with them. Then we can either go ahead with it or refund. If refund Xboxthreefixme can say refund user X for coin X with this Tx Id.
I understand for ICOs you get a lot more Txs and it's more difficult, however this is not an ICO hence why using an escrow which is popular in the collectibles space would have been preferred.
I'm not saying you are not trustworthy just saying that it is the first time Xboxthreefixme makes a coin, all sorts of things and delays can happen.
Not sure also about shipping, what is the OP experience with shipping outside the US? What if they coins don't arrive because of a mistake?
Also what has been decided in terms of coins shipping abroad?
How long will escrow hold the funds before delivery confirmation, sometimes packages take up to 3 weeks to arrive, depending on where they are sent and which service is used.
In this case I'd gladly get all my orders sent to MinerJones for re-shipping to me, of course if he's willing to accept.
I'd also be much more keen on paying MinerJones for escrow or others who usually deal with collectibles escrows and are known in this forum section.
MJ knows all about coins he will understand if there are issues and is a very organized person, never seen anyone faulting him of something.
Of course that depends on the OP and MJ. From what I see so far there isn't much interest for this coin, a small change as I suggested above could make a big difference.
Once the first batch of coins has been sold and delivered and people are happy, I'm sure everyone will also be more relaxed about sending funds for the next release.
Only suggesting here. OP is free to do as he thinks best, they are his coins at the end of the day.
