Topic: Ripple Escrow (Read 561 times)

For this to work, people will have to trust Im not a scammer. In the beginning it will be hard. Things will flow smoother as the service get its feedbacks in this forum. I am verified in Bitstamp and Mt. Gox.
Only Ripples (meanwhile) will be escrowed and taxed ( 1% ) - I got this number considering Mt. Gox and Bistamp fees, who taxes seller and buyer arounf 0,5% - Here I just tax the XRP seller.

Lets set a minimum amount of 5000 XRP per Transaction.

So here is how I would like to proceed:

Goods (BTC, USD, Whatever)/XRP______________________________________________________________________

1 - The dealers get a deal about the exchange rate and quantities, and both send me a msg in this forum confirming the terms of the deal and the ripple address from where the XRPs will be sent.

2 - If there are no conflicts, i tell the XRP seller to send the XRPs plus 1% to my ripple address: r3neRRrtGZzXQhRQ84JCkpqX6kyz8gZgNd

3 - When the XRPs from the informed address reach my wallet I will inform the XRP buyer the the payment was funded.

4 - The XRP buyer delivers the goods to the XRP seller (They decide the better way for that, whatever the goods are)

5 - The XRP seller tells me he have received the goods.

6 - I send the XRP to close the transaction and tell both that its done.

7 - The traders write a feedback here.
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There is no need to grant trust.
You can exchange evereything (Mtgox, Bitstamp, BTC-e and other trading sites currencies, real goods, services, etc) for XRPs.
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To cancel the transaction - while its not delivered yet! - both parts must send me a message agreeing on the cancelation.
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I have good faith, time will tell. Help me writing reviews here.