Topic: What is escrow? - page 2. (Read 1835 times)
I'm guessing the OP must know what escrow is by now. Although the OP could of them saved themself some time and effort by simply searching this forum or google for the answer.
It is like private insurance, seller will be safe, that he receive BTC without any problem, buyer will be safe, that he receive goods, services etc. 
The escrow receive Fee for is service..
usually it's calculate as percentage of the deal value.
usually it's calculate as percentage of the deal value.
actually no they are free here on bitcoin talk
Not all escrows are free. If they are, like Iam still, then mostly tips are given by one or both of the traders. Not always of course.
At the end it is time consuming and often enough risky too for the escrow. A small error and you have to compensate one of the parties. Because of the risk and the work amount needed I think about implementing a fee too now.
escrow is not absent of risk, try to use only trustable escrow, there were multiple case of untrustable escrow in the past that reveal themselves a scammer nature afterwards
actually no they are free here on bitcoin talk
The escrow receive Fee for is service..
usually it's calculate as percentage of the deal value.
usually it's calculate as percentage of the deal value.
actually no they are free here on bitcoin talk
Its a sort of security you so you won't get scammed and you will get the account without any problems, with escrow mostly the seller and the buyer are happy at the end because its very safe and secure.
Its just a middle man service and its working pretty good for high amounts because its a good security so you wont get scammed although it has some fee's of course.
Its just a middle man service and its working pretty good for high amounts because its a good security so you wont get scammed although it has some fee's of course.
Im trying to buy an account but the person said to me that he wouldnt buy it eithout escrow. Can someone tell me what is that?
as others have said, around here it generally means a trusted 3rd party on the forum who will hold one or both payments to ensure that both parties get paid in a trade. watch out, as there have been many escrow scams on the forum. don't risk too much, and only use escrow who is reputable.
Im trying to buy an account but the person said to me that he wouldnt buy it eithout escrow.
BTW, care to temme(us) who's the buyer & the seller here(in this case)?Can someone tell me what is that?
The escrow receive Fee for is service..
usually it's calculate as percentage of the deal value.
Not all escrow service providers charge fee, I'd guess. I'd entreat the OP to have a long walk over the forum & he'll get a charge free or a low charge(fee) taking escrow service provider for sure. usually it's calculate as percentage of the deal value.
The escrow receive Fee for is service..
usually it's calculate as percentage of the deal value.
usually it's calculate as percentage of the deal value.
Escrow is the middle man who.secures our transactions in this forum especially tgose kepp on buying abd selling a thing or accounts.
It is using a trusted third party to help in a transaction, usually financial.
Simlply, escrow is some kind of insurance that both sides will stick to the deal and that no one will be damaged at the end.
Basically, you choose a trusted escrow provider and give your account to them. The escrow checks the account, and then the buyer pays. It tends to be a safe process.
Im trying to buy an account but the person said to me that he wouldnt buy it eithout escrow. Can someone tell me what is that?
In short, escrow is a trusted third party who will help your buying process. You send the amount to the escrow and seller give the account to escrow as well. Then the escrow will release your btc to the seller, then give the account to you.
This is being used for safety purpose both on seller and buyer.
CMIIW.
It is a trusted person on the forum that holds the bitcoins paid by the buyer so that the seller can be sure that he can receive the bitcoins once he gave a working account.
Before you ask me, I only escrow accounts worth at least $50.
Before you ask me, I only escrow accounts worth at least $50.
Im trying to buy an account but the person said to me that he wouldnt buy it eithout escrow. Can someone tell me what is that?
Jump to: