ricreis394 (OP)
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September 25, 2016, 12:53:36 AM |
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I searched for topics in trading section. I see in a lot of topics people talking about escrow like: "escrow is a must" What does that mean? I see that escrow is a website to make payments more secure, no? But I saw in another topic one guy telling that he wants to be a third escrow. This confuses me.  |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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achow101
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Just writing some code
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September 25, 2016, 12:58:59 AM |
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An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
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ricreis394 (OP)
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September 25, 2016, 01:02:05 AM |
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An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
ok. Now makes sense But who could be the escrow if I don't have any friend in common with the guy I want to trade. (this is an example) |
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achow101
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Just writing some code
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September 25, 2016, 01:03:57 AM |
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An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
ok. Now makes sense But who could be the escrow if I don't have any friend in common with the guy I want to trade. (this is an example) A lot of people on the forum act as escrows. They have trade histories and are trusted by other members of the forum. The feedback system lets users see who trusts that user and has had a good experience trading with him. |
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ricreis394 (OP)
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September 25, 2016, 01:09:06 AM |
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An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
ok. Now makes sense But who could be the escrow if I don't have any friend in common with the guy I want to trade. (this is an example) A lot of people on the forum act as escrows. They have trade histories and are trusted by other members of the forum. The feedback system lets users see who trusts that user and has had a good experience trading with him. but there's a chance of the escrow guy be a scammer? |
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achow101
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September 25, 2016, 01:19:55 AM |
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but there's a chance of the escrow guy be a scammer?
Yes, it has happened before. Here is a list of trusted escrows: https://bitcointalk.org/index.php?topic=855778.0. If you look at the user's profile, the higher number their trust is, generally the more trustworthy they are. |
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john2231
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September 25, 2016, 01:27:26 AM |
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An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
ok. Now makes sense But who could be the escrow if I don't have any friend in common with the guy I want to trade. (this is an example) A lot of people on the forum act as escrows. They have trade histories and are trusted by other members of the forum. The feedback system lets users see who trusts that user and has had a good experience trading with him. but there's a chance of the escrow guy be a scammer? It can be possible someone already do that even he has high reputation here and trusted he scam.. But he just risk his account the account here also have a good value so if you do bad things here you will receive negative trust and your account is no value no can buy accounts with negative trust.. so if you are trusted and reputative here don't think to plan what are you thinking to scam someone.. its impossible unless even you are reputative and trusted some company trusting you to hold a lots of bitcoin i am sure you can scam him but the problem here not all company or sponsor can put a large amount to be escrow.. last time master-p remember his one of the trusted before.. |
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pocarime32
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September 25, 2016, 01:48:45 AM |
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Escrow is like a middle man or a third man that help us to make the transaction become more safety and choose Escrow must be a popular and have a high trust account. People use escrow to prevent scammer.
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Viyamore
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September 25, 2016, 03:35:30 AM |
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I searched for topics in trading section. I see in a lot of topics people talking about escrow like: "escrow is a must" What does that mean? I see that escrow is a website to make payments more secure, no? But I saw in another topic one guy telling that he wants to be a third escrow. This confuses me. Yes, escrow is a must especially the buyer or seller of any things on this forum is a newbie account . An escrow must be Sr.member and above and have a positive trust which you can trust and he will act as the middle man/third escrow as the payment is sent to him for sure transaction made . Many legit escrows are there on the list but it has a fee .some escrows just offer a free escrow to help and to gain trust. |
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Fraxinus
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September 25, 2016, 06:08:27 AM |
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Escrow is a third party which serves as a middle man for protecting both the buyer and the seller during a deal and ensures everything stated is correct
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iqlimasyadiqa
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September 25, 2016, 07:11:22 AM |
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An escrow service allows safer payment by securely holding a buyer's coins in escrow until the terms of the sale are met and as a result the buyer releases payment to the seller. In most cases no dispute is filed and no 3rd party action is needed.
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MWesterweele
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September 25, 2016, 08:25:33 AM |
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I searched for topics in trading section. I see in a lot of topics people talking about escrow like: "escrow is a must" What does that mean? I see that escrow is a website to make payments more secure, no? But I saw in another topic one guy telling that he wants to be a third escrow. This confuses me. Escrow is a man middle where buyer send his bitcoin to escrow to secured the funds before it will release to the seller once the escrow confrimed that the seller realase the item / anything to buyer then it will going to confirm the buyer that the item is receive then he is going to tell the escrow to release the funds to the seller. |
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dunfida
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September 25, 2016, 08:52:33 AM |
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I searched for topics in trading section. I see in a lot of topics people talking about escrow like: "escrow is a must" What does that mean? I see that escrow is a website to make payments more secure, no? But I saw in another topic one guy telling that he wants to be a third escrow. This confuses me. Escrow is considered as a middle man between seller and a buyer , this person would hold the funds and the items that have been bought or any other things that being sold. With escrow you could somehow assured your self or lessen the risk of being scammed compared to P2P trading. |
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Zosuda
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September 25, 2016, 10:55:11 AM |
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An escrow is a trusted person who will be in the middle of the deal to make sure its goes well for both party's.
They sometimes hold both items/funds before making the switch.
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ricreis394 (OP)
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September 25, 2016, 01:33:16 PM |
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normally that is something that is doing in skype or just pm from the forum?
Because with pm seems to take a long time, no?
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amacar2
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CryptoTalk.Org - Get Paid for every Post!
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September 25, 2016, 06:28:52 PM |
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normally that is something that is doing in skype or just pm from the forum?
Because with pm seems to take a long time, no?
I think most of the escrow service provider in this forum uses PM for communication and also it is safer to deal over forum so that they can have proper record of who they are giving their escrow service and for what. With skype many used it to scam people however i agree that finding escrow and completing deal may take longer time than without escrow but better to wait few hours/days than lossing your bitcoin without getting anything. |
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AdolfinWolf
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September 25, 2016, 06:34:53 PM |
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normally that is something that is doing in skype or just pm from the forum?
Because with pm seems to take a long time, no?
Both, you can find trusted escrows on the forum here, who will even do it for free, or against a low fee, and makes it a secure trade. |
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20kevin20
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September 25, 2016, 06:41:12 PM |
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normally that is something that is doing in skype or just pm from the forum?
Because with pm seems to take a long time, no?
I think most of the escrow service provider in this forum uses PM for communication and also it is safer to deal over forum so that they can have proper record of who they are giving their escrow service and for what. With skype many used it to scam people however i agree that finding escrow and completing deal may take longer time than without escrow but better to wait few hours/days than lossing your bitcoin without getting anything. Skype is much easier because you can literally speak but yes, it's hard to have proofs afterwards. You can change your Skype name and other stuff, while on BTCTalk it stays the same no matter what. |
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abhishek.g
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September 25, 2016, 06:48:18 PM |
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I searched for topics in trading section. I see in a lot of topics people talking about escrow like: "escrow is a must" What does that mean? I see that escrow is a website to make payments more secure, no? But I saw in another topic one guy telling that he wants to be a third escrow. This confuses me. Well this is the question that makes you look so cute . Escrow means any guy or company who will keep both parties' (involved in a trade) money in his hands and will cross share the money to parties . For instance, if X and Y are going to trade then Z will keep money of X and Y and will share the money to X if he receives money from Y and then he will share the money to Y he received from X . |
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Zohaib_Ali
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September 25, 2016, 06:55:32 PM |
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An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
One of the best explanation I had seen and read in a week or so. Lol.  |
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