Topic: Prevention is better than a cure. Please escrow. - page 12. (Read 243584 times)

I agree with steamproject ! Cyrus is grate man !

Cyrus is a grate guy and anyone can use him for escrow !

It is always better to prevent something bad than doing something and it goes wrong, because now you have to worry about curing and dealing with the problem.
You should always think twice before doing something.

I know something about that, still waiting for my some of BTC bought a month ago, still no answer from the seller. I've bad experience with that - yes - but you not need to. So be careful and just use escrow.

Escrow/middleman is a party where they negotiates the two contracting parties. There are 3 circumstances.

1. Escrow accepts the payment of buyer and confirms it to the seller and the seller will commence/deliver the service/goods and when the buyer confirms the succession of transaction, the escrow finally transfer the payment of buyer.

2. Escrow accepts the goods of the seller and make the buyer send the payment to the seller and when the seller confirm that he received the payment, the escrow finally transfer the goods to the buyer.

3. Escrow accepts both payment and the good at the same time and when that happened, he will deliver the payment to the seller and the good to the buyer.

Hi i'm new to bitcoins.
i just came across this site and the term escrow keeps popping up.
can someone explain this or point me to a resource where i can learn more about this.
it is clear the fraud is possible with the BTC system, and as im a new user i dont want this to affect my sales
Thanks

I want to use your Escrow service. How can we proceed?

Yes 100 % agree, We should always prevention

I always do

ALWAYS MAKE SURE THE ADDRESS YOU ARE SENDING BTC TO BELONGS TO THE ESCROW AGENT.  NEVER TRUST ANY ADDRESS SENT TO YOU BY ANYONE EXCEPT A TRUSTED ESCROW AGENT.  SCAMMERS WILL USE SIMILAR NAMES, DOCTOR QUOTES, AND CREATE SIMILAR BTC ADDRESSES IN ATTEMPTS TO SCAM.  BE CAREFUL!

There is a new wave of possible scammers, People who buy up legendary accounts and trade untill they have large sum of money then run, This has been done with a very trusted account recently.

Please be cautious, I am trying to set up a 3 way secure key escrow for my personal escrows to add peace of mind.

I would like to point out, that I do not partake in escrowing forum accounts, I never have and never will, in fact its against the rules on my forum, This is a trust based commodity as it stands, if we keep moving the goal posts as well as the stadium, no one can be accountable for theft!

Keep safe people, dont give up, trust in BTC, suspect people :-)

with type of educative and informative posts, I hate it when i hear somebody has been scam off their hard earned coins due to ignorance and greediness. I wonder what is the problem with some people.anyway thanks for taking your time to remind us of that great information

Yes Sir, i totally agree. I got scammed heavily. I dont know how to use Escrow especially when some one ask me to send Bitcoins to his BTC address. I am having account on LocalBitCoins. If the person whom am sending BTC dont have account on that site than how to use Escrow? I really need help to prevent me for further scams.

A financial instrument held by a third party on behalf of the other two parties in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instructions or until obligations have been fulfilled.

For Example you are the buyer and you want to buy something online, and you want your transaction to be secure you will get a third party that is an escrow the one who hold your money for payment, if the transaction is completed and the product seem's legit then the escrow will definitely gives the money to the seller,

what mean by escrow? somebody tell me..

Yes! In using escrow it will provide security for both parties, on the loaning thread you can see that escrow is mostly use in loaning for bitcoin, in marketplace bitcointalk accounts transaction is still using escrow safe and security.

Escrow is used in tons of non-bitcoin related online transactions such as buying websites or domain names.
There is no reason for it not to be used for btc!

Thanks for the advice! showing care towards us I am new to bitcoin, and reading in this thread makes me think there are
transactions like this to keep people safe from scammers, appreciated


Seeing this thread makes me think what is an escrow? but reading your post helps me understand it thanks
helping newbies like me, and reading everybody's post keeps me learns more about escrow thanks!

We should keep this pinned to the top.

Though i'm especially careful to use escrow NOW, I will admit to falling idiot victim by FE an order (not using escrow) and losing my money (like an IDIOT).  Even still, it's been difficult to find names of escrow services (on clearnet, not DNMs) but more importantly names of escrow services that themselves aren't scammers and which I can feel comfortable having control of my money for the duration of the transaction because people I trust (or hope I can) can vouch for the good ones.

Had I not stumbled across this post because it was at the top, much like I stumble across life, i'd have never found the reliable escrow list you guys have here (I should have known there was one, but have I mentioned i'm an idiot yet? .

I don't mean to be rude to these people i'm referring to because I too am an idiot but there are many many idiot's who've somehow managed to figure out all by themselves how to turn currency into BTC (or whatever method they've used to 'acquire' BTC). 

If we don't guide them/me by making some of the first thing's they see when they click on a forum are post's linking them on how to be safe, use escrow (and which ones are safe) and depending on the person's needs other thing's like good OPSEC or fuck even just good web etiquette because it seems a lot of us are lacking in that department too, then the community will suffer from all the drama and wasted time that arises when you let scammer's get you (and then have anger to vent, typically on forums).

It's stupid but keep these simple post's with link's to good escrow or anything you consider fundamentally important up and on many of the sub-forums (I think $ when buying thing's is fundamentally important, no matter what form it's in ).  It might help prevent noob mistakes from the start and maybe (here's to dreaming) reduce the number of scammer's lurking.  Can't do anything about trolls (but ignore them) but you can help noobs before they whine and feed the scammers.

I absolutely agree with you that what ever trading we do its very good to go with Escrow service. But before going through escrow service we have to double check about escrow persons also. but if we use escrow we can avoid the scamers from scamming us.

From beginning my business had been accepting escrow. Anybody want to buy some cigarettes from me?
Im wating for order from this forum market, and still none. Haha...
Im selling my Cigarettes on reddit too, and I got direct payment without escrow in few days. And I still newbies too, under 10 point karma. But, I deliver their order without any problem.
Being vendor that accepting escrow, sometimes make me sick. I should had more money to run my business. Waiting for their order delivered. And I got the money few weeks after. Shipping takes 4 to 30 days (even fastest shipping takes 7 days minimum). If the goods late to delivered, buyers complain and takes their money back from escrow. If buyers pretend disappointed for the product "this ciggs taste like shit, I want my money back", and they withdraw their money from escrow.
I should spare my money. Covering shipping cost, that cost half of my family budget for a month.
Imagine, you order cigarettes to me. 10 Packs cigarettes and shipping cost are $62 USD. Shipping cost itself $35 USD, that was my half month family budget. Its only covering One order. Should I sell my cigarettes 40% higher than reddit? For compensation long waiting time from escrow? How if bitcoin price falling when I receive my money in my wallet? Ha... bad day haha... waiting for nothing
Couple next day, you receive more order, with escrow too. You spent $35 USD again to covering 2nd shipping cost. And then my wife mad to me, "darling, we had no more money to buy some food, how long our goods shipped to our customer and get our money back?"
Living in 3rd world country sometimes make me mad. But, sometimes Im so happy living here. I can living my family with $100 USD for a month.
Thats why, we should build a healthy community. A healthy atmosphere. Trust between member.  Being truthfully member in bitcointalks really hard and long journey. I just try to enjoy the trip, and making business with bitcointalks member. I put all my life and reputation for doing online business. Provide real evidence, posting real photo, and updating customer progress.
Doing business for living my family, in a good and straight way. Long term business and relationship.
So, for some reason, I will accept paypal for my main gateway, bitcoin for 2nd option.
In paypal, you had 60 days money back guarantee. I provide Refund if you are not satisfied with our product. My paypal backed up with CC, so our customer will feel safe. How about bitcoin? Hmm... as vendor, we pushed to trust the escrow.
What I see in bitcointalks? nobody trust nobody. Even escrow service haha...
But, its from my opinion, who sell real goods, tangible.
- How to protect seller from scammers?
- How to make sure escrow service not scamming?
- How to avoid dick head buyers?
No trus, no sales, no business...

Thank you... I hope we can trust each other, and build good, trustworthy situation