What is escrow or escrowing | Bitcointalksearch.org

Nfp

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Quote from: Drixy on August 21, 2017, 06:17:58 AM

Need some infos about this thanks for advance

The screw is the middleman between a buyer and a seller that takes the transaction risk. It is the one who confirms the transaction between the buyer and the seller to prevent scamming on both side. The screw must have high trust count to be qualified.

BillCoin

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Quote from: Drixy on August 21, 2017, 06:17:58 AM

Need some infos about this thanks for advance

escrow is a financial arrangement where a third party holds and regulates payments and funds in regular transactions. here buyers and sellers agree to the terms.here easy to transfer and receive transactions. it is secure compare to other transactions. it is third party transaction but it has great security.

It's now always more secure, as instead of trusting your trading partner, you are taking the risk and trusting a 3rd party company to hold on your funds.

Escrow is a must if you are dealing with someone who is unknown, or you are unable to trust him, so you basically putting on an escrow, and trusting the escrow instead of your trading partner.

Notice that escrow companies usually trust a fee, and sometimes it's just doesn't worth it( to trade with an escrow).

boyptc

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There are so much meaning and description now for escrow/escrowing I guess that will be enough to whomever is going to look about this.

Ararbermas

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Quote from: Drixy on August 21, 2017, 06:17:58 AM

Need some infos about this thanks for advance

escrow is the third party person who hold the funds or the stuff for the dealing people such as buying and selling. And Escrow is useful to those who want to buy stuff and also if you dont have trust to the seller person something like that. But must provide some trusted escrow to avoid scammers cause now adays there are some new escrow but have no trust at all. So choose trusted escrow to avoid loss on your transaction.

Carmen01

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Quote from: Drixy on August 21, 2017, 06:17:58 AM

Need some infos about this thanks for advance

the escrow is the person who have the budget or fund in the campaign here and a trusted person here like the moderator even the campaign not pay,this is the proof that they pay whatever happen,but dont trust fully the escrow because they can scam you also even they trusted

newinbtc

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Using a 3rd party escrow service to handle a Bitcoin payment is a good idea when transacting with an untrusted party. Basic everyone Here untrusted Because we never meet each other
Escrow protects sellers from fraudulent buyers by requiring the Bitcoin be deposited up front.

IF fraudulent buyers Denies to pay upfront to Escrow provider The be alert
Always remember When you are sending a payment you Still dont know to Which person you are sending money
Always Use Best escrow provider from This forum , most of cases the charge some fees , in some cases buyer accepts to bear charges

just watch this topic
https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
List of all Escrow service providers here

Drixy

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reading.......

Quote from: sumangs on August 22, 2017, 04:49:51 AM

It is the one who confirms the transaction between the buyer and seller to prevent scamming on both sides. The escrow must have high trust count to be qualified.

thanks bro so thats what it means so same as middleman or midman

nexus99

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Escrows are very helpful when trust can not be established between the 2 parties. Using the escrow as an intermediary prevents the possibility of scam

sumangs

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It is the one who confirms the transaction between the buyer and seller to prevent scamming on both sides. The escrow must have high trust count to be qualified.

jossiel

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I can't add anymore with these info's and you've got all of it now.

I guess you have to close this thread.

mrhelpful

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Quote from: Mister1k on August 21, 2017, 12:15:51 PM

Quote from: Drixy on August 21, 2017, 06:17:58 AM

Need some infos about this thanks for advance

Escrows are middle person who can handle your transaction safely with some fees or expecting for trust only from the other forum members. There is some set people have the huge trust to involve in that those escrows members will be mentioned in the below link.
https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
This is service escrowing.

Keep in mind these escrow services are a bit outdated and needs to update despite them open for escrow.

Few of them ever have the time do these escrow for people so i would try to aim for people on the exchange thread who also has enough rep to act as a escrow party.

mobnepal

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You can make a search on google to find about escrow, there is no need to create a separate thread for questions like this.

Quote

escrow
ˈɛskrəʊ/Submit
LAW

noun
1.
a bond, deed, or other document kept in the custody of a third party and taking effect only when a specified condition has been fulfilled.

verb NORTH AMERICAN
1.
place in custody or trust until a specified condition has been fulfilled.
"those funds are escrowed for the purpose of improving municipal services"

Escrow provides extra layer of security when you are dealing with anonymous person from another side of the world.

Mister1k

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Quote from: Drixy on August 21, 2017, 06:17:58 AM

Need some infos about this thanks for advance

Escrows are middle person who can handle your transaction safely with some fees or expecting for trust only from the other forum members. There is some set people have the huge trust to involve in that those escrows members will be mentioned in the below link.
https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778
This is service escrowing.

TheCoinFinder

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Very relative answers from both members to your question. Keep in mind that if you deal with someone who is sending you payment through paypal, it still involves risk because paypal allows a buyer to chargeback his money upto 180 days. Escrows do not work in such cases.

bitjoin

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Quote from: Drixy on August 21, 2017, 06:17:58 AM

Need some infos about this thanks for advance

It is where a 3rd party helps in the process of trade from 1 entity to another. Bitcoin has no chargeback options you see so if you send some bits to buy something from someone and they dont send you the product there is nothing you can do. Escrow holds the money until everyone is happy with the trade and then releases it on order. Escrow usually asks for small fee for their services. Make sure you use reputable escrow as there can be scam escrows aswell.

davis196

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The escrow is the middleman between a buyer and a seller that takes the transaction risk.
Buyer sends cryptocurrency payment to the escrow.
Seller sends the goods that he is selling to the escrow.
Escrow sends the goods to the buyer.
Buyer agrees that everything is allright with the goods.
The escrow releases the payment to the seller.
Crypto transations are irreversible.That`s why we need escrows.

Drixy

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reading.......

Need some infos about this thanks for advance

Topic: What is escrow or escrowing (Read 561 times)