Could I start an escrow service? | Bitcointalksearch.org

teddy5145

hero member

Activity: 714

Merit: 528

Quote from: Robertt on February 05, 2016, 07:38:59 AM

Do you think it would be a good idea to start an escrow service & deposit a set amount to another trusted user while my server is running?
IE: I ask someone to hold like 0.1 BTC, and offer to do escrow for deals only up to 0.09.
Would that work?
Thanks

look, you need experiences and trusts to do an escrow works
Without that nobody will use it, heck have you ever seen an escrow without experiences and trusts wandering around in this forum ?
Roll Eyes

No offense, better to grow your trusts first then you can reconsider starting an escrow service Wink

robelneo

legendary

Activity: 3192

Merit: 1198

Bons.io Telegram Casino

yes of course you can start an escrow service but on the right time,not now or else many newbies will just open similar thread,escrow service involves money and trust and only trusted members of this forum can set up one at least 5 green mark or zero members with no negative trust..

Robertt

member

Activity: 112

Merit: 10

Do you think it would be a good idea to start an escrow service & deposit a set amount to another trusted user while my server is running?
IE: I ask someone to hold like 0.1 BTC, and offer to do escrow for deals only up to 0.09.
Would that work?
Thanks

avatar_kiyoshi

legendary

Activity: 1106

Merit: 1000

You need build your reputation, help this forum community, even people who have positive trust is just the mask.
Be honest person when build your reputation.

The Sceptical Chymist

legendary

Activity: 3332

Merit: 6809

Cashback 15%

Quote from: Robertt on January 20, 2016, 11:03:35 AM

Quote from: The Sceptical Chymist on January 20, 2016, 11:01:31 AM

You've been a member here less than a month. Why would I use you and not one of the other escrow services that have a proven, trustworthy track record?

The answer is, no offense, I wouldn't. You're right, people scam for less than $1. I'd be afraid that you would be one of those people and I would not use you for escrow.

I wouldn't scam for $1. Check my threads, I've had $10 in loans without collateral & didn't run. I've done over 0.5 BTC ish worth of deals & transactions on here. There is no exact reason to use me, I'm just considering it in case someone needs a quick escrow for their transaction & can't find anyone else considering most escrow services don't do low amounts like $5 & are pretty busy so they can't respond to everyone.

But no one besides you can know your intentions, we only know your actions. And you don't have enough of a track record here to really be an escrow. But go ahead and try it if you want and see if people will go for it.

Your Point Is Invalid

hero member

Activity: 756

Merit: 510

Dear me, I think I'm becoming a god

sure, just deposit $100 worth of BTC to a more trusted escrow and dont do deals over $30

quentincole32

hero member

Activity: 518

Merit: 500

Quote from: lostintranslation on January 20, 2016, 01:03:48 PM

Quote from: michietn94 on January 20, 2016, 12:14:33 PM

I think before start escrow service, you need try to get trust first by doing something helpfull through this forum.

As we know since Maidak & Master-P incident, it's quite difficult to find the real honest escrow

This thread interested me a lot, could you post a link or something about this incident? I would like to know more about that.

Thanks!

Maidak ==> https://bitcointalk.org/index.php?action=trust;u=35312

Master-p ==> https://bitcointalk.org/index.php?action=trust;u=89329

Both has qualified as escrow

Green Positive Trusted Feedback on account ✅
High Rank ✅
Experience in high volume deal for years ✅

But once they have a chance , they are rock! Scam many people thousands dollar.
People getting lost trust in escrow lately, don't know how to make it back. Just goodluck

mirana12345

hero member

Activity: 630

Merit: 500

PM me to buy traffic for your site!

I don't think it's a smart idea. The point of escrow is to provide both parties with security of their funds, and you have little to loose if you
take the money and run, just your jr.member account..

Risking on getting neg. repped is also something you should be aware of, and also the fact that people would hardly pick you for escrowing over
many other much more reputable members.

mexxer-2

hero member

Activity: 924

Merit: 1003

4 Mana 7/7

Might as well be honest, you will receive a negative from DT members and me for "Running a bogus escrow, can scam anytime". I'd advise you to have at least 5 rating(1 positive feedback, and 5 months of waiting) before starting such a service even though you may have good intentions.

Even people with 6-7 rating have been negged for trying to run an escrow before having any experience in high-volume deals.

abhishek.g

sr. member

Activity: 434

Merit: 250

Sure but you will barely get a single transaction coming in for escrow service and if you will have then it will be of very low volume.
You need to upgrade your account to some more experienced rank.

alwinlinzee

sr. member

Activity: 434

Merit: 250

The answer is NO from me because your member level is low and you have not received any trust review from anybody but my answer can also be yes because you can start your escrow outside this forum.

LuckyYOU

sr. member

Activity: 280

Merit: 250

It's possible and you can indeed start up an escrow service.
I would advice you to earn some trust first within the community and get yourself known and trusted

lostintranslation

member

Activity: 62

Merit: 10

Quote from: michietn94 on January 20, 2016, 12:14:33 PM

I think before start escrow service, you need try to get trust first by doing something helpfull through this forum.

As we know since Maidak & Master-P incident, it's quite difficult to find the real honest escrow

This thread interested me a lot, could you post a link or something about this incident? I would like to know more about that.

Thanks!

michietn94

legendary

Activity: 1274

Merit: 1001

I think before start escrow service, you need try to get trust first by doing something helpfull through this forum.

As we know since Maidak & Master-P incident, it's quite difficult to find the real honest escrow

Master_dandosha

hero member

Activity: 714

Merit: 500

IF YOU Enjoy Trade with ME ..PUT Feedback Please

Quote from: Jet Cash on January 20, 2016, 11:06:54 AM

Leave some Bitcoins with a trusted member as security.

No This is independent services so i advise you to gain trust ( By Selling- trades or ..ETC ) from trusted members in the thread preferred seiner member and above .
And then Be active in daily base here .. 1-2 years from now you can achieve your goals.GLuck

Jet Cash

legendary

Activity: 2688

Merit: 2444

https://JetCash.com

Leave some Bitcoins with a trusted member as security.

Robertt

member

Activity: 112

Merit: 10

Quote from: The Sceptical Chymist on January 20, 2016, 11:01:31 AM

You've been a member here less than a month. Why would I use you and not one of the other escrow services that have a proven, trustworthy track record?

The answer is, no offense, I wouldn't. You're right, people scam for less than $1. I'd be afraid that you would be one of those people and I would not use you for escrow.

I wouldn't scam for $1. Check my threads, I've had $10 in loans without collateral & didn't run. I've done over 0.5 BTC ish worth of deals & transactions on here. There is no exact reason to use me, I'm just considering it in case someone needs a quick escrow for their transaction & can't find anyone else considering most escrow services don't do low amounts like $5 & are pretty busy so they can't respond to everyone.

The Sceptical Chymist

legendary

Activity: 3332

Merit: 6809

Cashback 15%

You've been a member here less than a month. Why would I use you and not one of the other escrow services that have a proven, trustworthy track record?

The answer is, no offense, I wouldn't. You're right, people scam for less than $1. I'd be afraid that you would be one of those people and I would not use you for escrow.

Robertt

member

Activity: 112

Merit: 10

I guess I'll just wait a bit, see how it goes. Don't want to risk getting this account red as I spend most of my time on here :-(
Thanks for the replies!

jacee

legendary

Activity: 1302

Merit: 1024

Yes you can always open up an escrow service here but I think with your current rank and reputation here in the forum, people will not use your service unless they know you already or have already dealt with you. What I think is you gotta earn your self more trust with more people in here so you can be able to help out others in escrowing. Do more trades and keep up the good work and sooner you will be known as someone to be trusted around here.

Topic: Could I start an escrow service? (Read 984 times)