I have a question regarding best practices when using MoneyPaks. I have noticed that the grown-up forums have a lot of people looking to buy BTC with MoneyPak. Is there some kind of best practice or escrow system when conducting such transactions? As I understand it, giving someone the code on the back of the Pak is the same as giving them cash blindfolded in that you have to hope that they will come through on their end. Likewise, any seller who offers to send the BTC first is taking the same risk. So, how is such an exchange usually handled from a procedural standpoint?
I apologize if this has been asked before, but I couldn't find anything regarding how the transaction itself is handled.
Thank you in advance for your help.
Sounds like a Prisoner's Dilemma. (correct me if I'm wrong in the terminology)
I don't have the answer you seek, but I do like how you asked your question in professional manner. Welcome to BitcoinTalk and I look forward to reading your posts in the future on this board.
Nikki the Bitch (IRL, I'm the sweetest thing you'll ever meet, but...)