₿ List of Escrow Providers ₿
₿ WHAT IT IS: People trading goods and services can add a tool in order to "increase" the trust on both sides: customers and vendors. That may be done by employing an escrow system for all transaction. That additional step gives both sides some garantees.
₿ HOW IT IS: This means that when you make an order the coins are deducted from your wallet, moves into a temporary escrow account, then after the vendor sends the order, he confirms it was sent. When you receive the package, you confirm it being received and the vendor claims the coin.
₿ WHAT IF: If for whatever reason you do not receive the package you can send the order into resolution, where you and the vendor can resolve the problem or should that not work, the escrow service will step in an resolve the issue. Keep in mind this system is to prevent fraud on both the end of the seller and the buyer.
₿ SUMMARY: Escrow services will not grant you 100% scam proof, but it is definetly an additional security layer in order to avoid coin losses and fraudsters.
All parameters here are subject to change, this is a work in progress...
If you got an idea, share it with us!
This is not meant to be an exhaustive list, just an preview for clients/customers in order to avoid scammers.
We do not endorse any escrow provider. This list is not a recommendation of escrow services. Due diligence is a must, do yours! DYOR!Rank: the member's position on the list.
Escrow provider: who's offering the service.
Cryptocurrency: which coin the escrow provider works with.
Deals with: Does the escrow provider accept deals with crypto, tangible goods, digital goods, group buying, campaigns, ICO, gambling, services?
Escrow Provider Rating Grade → Thresholds per gradeAAA (Prime) → 15pts
AA (High grade) → 12pts
A (Upper medium grade) → 9pts
BBB (Lower medium grade) → 6pts
BB (Speculative) → 3pts
B (Highly speculative) → 1pt
CCC (Substantial risk) → 0
Score:( 50 * sqrt(Trust) + 1 * sqrt(Activity) + 2 * sqrt(Merit) + 10 * sqrt(Recognition) ) / ( 50 + 1 + 2 + 10 )
P.S. Contributions about improving the algorithm will be much appreciated.
Trust: the 1st number (left to right) the escrow provider got at bitcointalk.org Marketplace trust system (as it's shown to me → Financisto).
P.S. Escrow providers with overall negative ratings (1st number left to right) will not be accepted on the list (the same goes for those already tagged as "SCAMMER" by community staff).Brand new members with "Newbie" and "Jr. Member" status won't be accepted on the list as well: go get some activity/merit/trust first!
Activity: the number shown at that indicator (under member's name/avatar). It shows how active (and for how long) that member is at bitcointalk.org community. Members without activity for over a year will be delisted.
Merit: the number shown at that indicator (under member's name/avatar). It shows if that member posts good stuff at bitcointalk.org community.
Recognition: The most recognized profiles which is calculated using:
1000 - ((Activity Rank + Trust Rank + Earned Merit Rank) / 3)
by the
Bitcointalk Public Information Project - BPIP.
Amount (min→max): minimum and maximum amount of coins allowed/accepted while using the escrow service (in BTC or USD).
Fees: cost for using the escrow service.
Sign.: Does the escrow provider work with PGP signed messages? And/Or does he or she sign messages from an already staked
(b) cryptocurrency's address?
P.S. Signed messages provide additional security measures in order to grant the client some authenticity, integrity, and non-repudiation.
₿ Application form ₿
If you wanna apply for this list, please post here (or send me PM with) the following info:
1) Which cryptocurrencies do you work with?
2) Do you accept deals with crypto, tangible goods, digital goods, group buying, campaigns, ICO, gambling, services?
3) Minimum and Maximum amount of coins allowed/accepted while using your escrow service (in BTC or USD);
4) Your fees;
5) Do you work with PGP signed messages OR signed messages from an already staked
(b) cryptocurrency's address?
6) Link to your "escrow announcement thread or website".
₿ Notes ₿
(b) Stake your cryptocurrencies' addresses here: https://bitcointalk.org/index.php?topic=996318.0
Poll
