Should I Escrow If I Want To Sell? | Bitcointalksearch.org

SpeculateThis

newbie

Activity: 50

Merit: 0

#1 Always use escrow Cool

#2 Beware of people who don't want to use escrow Huh

#3 Keep in mind that a member's account status isn't the only indicator of trustworthiness, since reputable accounts can be bought and sold Undecided

#4 After your first time using it, you realize that it's much less complicated than it sounds Wink

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

I've never done any buying or selling on here but I can say that I would definitely use escrow if I was purchasing from a pseudo-anonymous person in an online forum (right?).

monbux

legendary

Activity: 1736

Merit: 1029

That's like asking if you should open your mouth to eat. Of COURSE use an escrow when selling things! If it is a physical shipping item, be sure to provide tracking as proof so your funds can be released.

BitPappa

sr. member

Activity: 431

Merit: 261

As a seller, you obviously don't need escrow if you're getting paid in BTC before sending the product. But, assuming the item value isn't tiny (like under $10 bucks), seems a seller shouldn't balk at a buyer's request for escrow.

I've purchased two things from BitcoinTalk.org, neither using escrow. The first was a 1BTC Casascius coin, and I purchased it w/o escrow, because the seller looked to be very reputable. And sure enough, it was an extremely professional transaction. And then I purchased a copper bitcoin round, and didn't look carefully enough to make sure the "satisfied buyers" weren't plants, and I got ripped off. But it was for so little money, I was fine chalking up the loss as a lesson, and I wouldn't have bothered with escrow on such a small purchase.

In my mind, a lot has to do with reputation and value of the product. I'd risk a fair amount on someone who seems to have a proven good reputation, but very little on someone who does not... Though, I suppose, a good con artist might take his time to establish a good reputation, then when the money is really flowing in, just disappear.

flbtlgx

newbie

Activity: 14

Merit: 0

Quote from: Welsh on September 14, 2013, 06:50:56 PM

Quote from: ?? on ??

Quote from: flbtlgx on September 14, 2013, 05:45:04 PM

So, let's say I want to sell something on one of the trade sub forums here on bitcointalk.

Do most people use escrow when purchasing something?

Also, when it comes to selling something yourself, if it's an item that say, only has a one time use like a code or something of that nature, is it normal to request payment first before sending such a code?

It depends on many factors such as reputation of trading partner and item's value. For example if you are dealing with a long-standing member with an item of minimal value you may not want to escrow, but if you're dealing with a new member for an item of high value you probably would.

I disagree. If the item is not going to be worth much with paying fees for the escrow, then I agree. However, if you still earn a profit then I would always use escrow. Maybe ask buyer to pay for escrow as a lot of sellers do. Small amount of Bitcoin today could be worth a lot more in the future.

Yeah, in this situation it would be one of those things where if the buyer wanted to do escrow I would be fine with it, but I would request that they do the research of finding a person to handle the escrow and pay any applicable fees of the escrow, since escrow is more tilted towards buyer confidence than seller. Still that being said, once an escrow is chosen by the buyer, i would want to research said escrower so I'm not out both an item and the possible BTC I could have made.

Welsh

staff

Activity: 3304

Merit: 4115

Quote from: ?? on ??

Quote from: flbtlgx on September 14, 2013, 05:45:04 PM

So, let's say I want to sell something on one of the trade sub forums here on bitcointalk.

Do most people use escrow when purchasing something?

Also, when it comes to selling something yourself, if it's an item that say, only has a one time use like a code or something of that nature, is it normal to request payment first before sending such a code?

It depends on many factors such as reputation of trading partner and item's value. For example if you are dealing with a long-standing member with an item of minimal value you may not want to escrow, but if you're dealing with a new member for an item of high value you probably would.

I disagree. If the item is not going to be worth much with paying fees for the escrow, then I agree. However, if you still earn a profit then I would always use escrow. Maybe ask buyer to pay for escrow as a lot of sellers do. Small amount of Bitcoin today could be worth a lot more in the future.

cbhelp

newbie

Activity: 56

Merit: 0

Beware of people who refuse escrow

Welsh

staff

Activity: 3304

Merit: 4115

Yes, even if the person you are dealing with is considered "trustworthy". This protects buyers and sellers.

John K, is the one to look for. But, there are many people to do it with. Or you could just use Bitmit etc.

flbtlgx

newbie

Activity: 14

Merit: 0

If I wanted a transaction to occur quickly, being new here, how can I trust someone doing the escrow?

Is there possibly a list of folks that offer doing escrow here on bitcointalk?

rammy2k2

legendary

Activity: 1974

Merit: 1003

always escrow, thats how u build trust

flbtlgx

newbie

Activity: 14

Merit: 0

So, let's say I want to sell something on one of the trade sub forums here on bitcointalk.

Do most people use escrow when purchasing something?

Also, when it comes to selling something yourself, if it's an item that say, only has a one time use like a code or something of that nature, is it normal to request payment first before sending such a code?

Topic: Should I Escrow If I Want To Sell? (Read 657 times)