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Topic: How does escrow work? - page 2. (Read 2856 times)

member
Activity: 98
Merit: 10
November 19, 2014, 06:14:26 AM
#5
basic escrow functionality

a simple schema...
read domain like everi kind of goods...

legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
November 19, 2014, 04:29:39 AM
#4
The escrow service is there to ensure that the transaction is completed.

You sell something to the buyer. He sends his bitcoins to the escrow service. You send the product to the buyer. Buyer verifies receipt of the item. Escrow service releases the item to you.

If there is a dispute the escrow service becomes a judge and decides who gets the bitcoins.

The next step in Bitcoin is to use multi-signature transactions so that the escrow service never actually holds the bitcoins but can determine who will receive them.
legendary
Activity: 2632
Merit: 1094
November 19, 2014, 04:16:28 AM
#3
I am new here and want to use an escrow service for selling my gift cards. How can I use this service? Is it that if I am selling my gift cards, will I give my gift card code to the escrow and the buyer will give the amount to the escrow and then the escrow will manage the transaction?

I checked this link: https://bitcointalksearch.org/topic/list-bitcointalks-escrow-providers-ranking-blacklist-avoid-scam-276897


Also, newbies and Jr. members are not allowed so I will need to spend some time here and then use the service which is fine.


maybee you need to check for free escrow services...
there are a lot on bitcointalk...

BTC vendor send btc to escrow
BTC buyer send $ to escrow
escrow send btc to BTC buyer
escrow send $ to BTC vendor.

Ok thanks. Will check it out Smiley
member
Activity: 98
Merit: 10
November 19, 2014, 04:06:25 AM
#2
I am new here and want to use an escrow service for selling my gift cards. How can I use this service? Is it that if I am selling my gift cards, will I give my gift card code to the escrow and the buyer will give the amount to the escrow and then the escrow will manage the transaction?

I checked this link: https://bitcointalksearch.org/topic/list-bitcointalks-escrow-providers-ranking-blacklist-avoid-scam-276897


Also, newbies and Jr. members are not allowed so I will need to spend some time here and then use the service which is fine.


maybee you need to check for free escrow services...
there are a lot on bitcointalk...

BTC vendor send btc to escrow
BTC buyer send $ to escrow
escrow send btc to BTC buyer
escrow send $ to BTC vendor.
legendary
Activity: 2632
Merit: 1094
November 19, 2014, 03:41:31 AM
#1
I am new here and want to use an escrow service for selling my gift cards. How can I use this service? Is it that if I am selling my gift cards, will I give my gift card code to the escrow and the buyer will give the amount to the escrow and then the escrow will manage the transaction?

I checked this link: https://bitcointalksearch.org/topic/list-bitcointalks-escrow-providers-ranking-blacklist-avoid-scam-276897


Also, newbies and Jr. members are not allowed so I will need to spend some time here and then use the service which is fine.


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