Author

Topic: Free Escrow. (Open again) (Read 1088 times)

legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
June 01, 2013, 01:13:43 PM
#3
Thanks for posting this offer. I will be sending some folks your way.  Smiley
donator
Activity: 1218
Merit: 1015
June 01, 2013, 01:12:13 PM
#2
Couple more escrow transactions finished up, so I'll bump.

I should note that I did breach contract in an older BFL pre-order contract. You can look it up in the sheet if interested. It was a pretty serious breach, but I believe I gave appropriate compensation (one party-member openly disagreed, for the sake of full disclosure). I initially attempted to cover this up simply through omission, but came clean about a week later, about a day after disclosing it with friends and asking advice on how to rectify the situation. What I did was completely unprofessional and immoral. Since, escrow funds were transferred over to another agent. I don't want to give details for the sake of their privacy.... maybe they'd be interested in discussing it if you're interested and ask them directly.

If they choose to release details, open discussion about it in this thread is totally fine by me. The self-moderation was only to keep one particular character assassin out of the thread -- flaming (or honest criticism) from anyone else is fine, though, unless you start posting a bunch of assumptions about minimal information on my family situation.  Smiley

To prevent these kinds of situations in the future, I'm now fairly familiar with Casascius' BTCAddress tool for n-of-m sig escrow transactions if you're interested in giving that a go. It's relatively complicated (but also not particularly technical), and I'm not willing to walk people through it (promise me a few dollars' worth and I probably would spend an hour with you, though, since I'm interested), but if you want to go that route, that's possible, respected, and still completely free of charge.
donator
Activity: 1218
Merit: 1015
April 06, 2013, 03:50:15 AM
#1
The escrow sheet can be found at https://docs.google.com/spreadsheet/pub?key=0Ao892S4MOoDZdFFTc0tFbWVxUTZFVzVOMWxzV3pkclE&output=html

Escrow is free, though I'd appreciate a tip, especially on large transactions. The old escrow thread (not the *really old* one) can be found at: https://bitcointalksearch.org/topic/free-escrow-no-longer-available-120218

Escrow basics:
Escrow acts as a way to protect buyers from scammers, and allow sellers to provide buyers with confidence in knowing they have nothing to lose should the seller be unscrupulous. Basically, the buyer sends funds to me, I confirm with the seller, then the seller is expected to send the goods paid for (he should send a tracking number to the buyer, and while he shouldn't send me the tracking number, should confirm with me that he sent it). Once the buyer confirms he's received the goods and they're in satisfactory condition, I send escrow funds to the seller. The buyer has seven days from when he receives the goods to when he needs to either confirm he wants escrow released, or dispute the transaction (otherwise, escrow automatically goes to the seller). Should the buyer not receive goods within 21 days of me confirming the buyer sent payment, the seller will be contacted to provide a tracking number, or at least insistence that he sent the goods. If 28 days have gone by since when I confirmed the buyer sent payment, I refund payment to the buyer assuming there has been no convincing evidence provided by the seller that he did indeed send the goods. If there's dispute, I'll arbitrate between buyer and seller, and whoever has the most convincing evidence will receive the coins (sellers should thus get a tracking number, and buyers should consider filming the unboxing of the product if it's valuable).

What I need:
*Escrow terms, agreed on by both buyer and seller -- you should both have seen and agreed to the amount which is expected to be paid by the buyer.
*The deal to be posted publicly on the forum. (If a seller just has a "[wts]" thread and they briefly confirm in there, that's fine)
*Receiving address for the seller.

Update markers buyer & seller receive:
*When entry is created in spreadsheet for the deal
*When I receive escrow coins from buyer
*When seller sends goods agreed on
*When item arrives
*When seller agrees to release escrow funds, closing the transaction

Escrow is kept in a non-spendable wallet with enough in it to cover transaction fees.
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