Topic: What is escrow? - page 2. (Read 1566 times)
Escrow is a third party which serves as a middle man for protecting both the buyer and the seller during a deal and ensures everything stated is correct
I searched for topics in trading section. I see in a lot of topics people talking about escrow like: "escrow is a must"
What does that mean?
I see that escrow is a website to make payments more secure, no?
But I saw in another topic one guy telling that he wants to be a third escrow. This confuses me.
Yes, escrow is a must especially the buyer or seller of any things on this forum is a newbie account .What does that mean?
I see that escrow is a website to make payments more secure, no?
But I saw in another topic one guy telling that he wants to be a third escrow. This confuses me.
An escrow must be Sr.member and above and have a positive trust which you can trust and he will act as the middle man/third escrow as the payment is sent to him for sure transaction made . Many legit escrows are there on the list but it has a fee .some escrows just offer a free escrow to help and to gain trust.
Escrow is like a middle man or a third man that help us to make the transaction become more safety and choose Escrow must be a popular and have a high trust account. People use escrow to prevent scammer.
An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
ok. Now makes senseBut who could be the escrow if I don't have any friend in common with the guy I want to trade. (this is an example)
But he just risk his account the account here also have a good value so if you do bad things here you will receive negative trust and your account is no value no can buy accounts with negative trust.. so if you are trusted and reputative here don't think to plan what are you thinking to scam someone.. its impossible unless even you are reputative and trusted some company trusting you to hold a lots of bitcoin i am sure you can scam him but the problem here not all company or sponsor can put a large amount to be escrow.. last time master-p remember his one of the trusted before..
but there's a chance of the escrow guy be a scammer?
Yes, it has happened before.Here is a list of trusted escrows: https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778. If you look at the user's profile, the higher number their trust is, generally the more trustworthy they are.
An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
ok. Now makes senseBut who could be the escrow if I don't have any friend in common with the guy I want to trade. (this is an example)
An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
ok. Now makes senseBut who could be the escrow if I don't have any friend in common with the guy I want to trade. (this is an example)
An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
ok. Now makes senseBut who could be the escrow if I don't have any friend in common with the guy I want to trade. (this is an example)
An escrow is someone (company or person) who is trusted by the buyer and seller. The escrow will act as a middleman who makes sure that neither the buyer nor the seller scams anyone. Money, and usually the product, goes to the escrow. The escrow verifies that the product is as advertised, and then forwards both the payment and the product to the respective parties. If there is a dispute, the escrow is supposed to act as a mediator and resolve the dispute.
I searched for topics in trading section. I see in a lot of topics people talking about escrow like: "escrow is a must"
What does that mean?
I see that escrow is a website to make payments more secure, no?
But I saw in another topic one guy telling that he wants to be a third escrow. This confuses me.
What does that mean?
I see that escrow is a website to make payments more secure, no?
But I saw in another topic one guy telling that he wants to be a third escrow. This confuses me.
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