Topic: Why do escrows offer no fees? - page 2. (Read 1717 times)
Escrow isn't a great way to earn money but a great way to improve the trust among the bitcoin community.
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I think when they say free it still includes the transaction fees. Most escrowers who offer a free service probably just do this to attract more users in the hope that they get a little tip from each deal.
Same way you use any other deal. The person who wants to buy sends the money to the escrow and the seller transfers the digital goods over to the buyer, then the escrow releases the funds.
How can I use an escrow to sell like a webpage for BTC? or other digital goods
Same way you use any other deal. The person who wants to buy sends the money to the escrow and the seller transfers the digital goods over to the buyer, then the escrow releases the funds.
Personally i think its great that some escrow do this for free , it keep the forum a bit cleaner from scammers
Escrow provides their service to the community to make the bitcoin economy larger and more healthy. They will usually make the buyer send an extra .0001 btc to cover the 2nd tx fee
Most escrow services on these forums also accept tips
Most escrow services on these forums also accept tips
That's true, and sometimes the seller (in most cases) and buyer (a bit less) are happy with the trade and they decide to tip. Sometimes it's actually a bit more profitable, it all depends on who your dealing with.
All in all, I offer escrow services to help the community, and to minimize [newbie] scams.
Usually they get some fees and some others depend on tips.
Surely they are losing out because of the miner fees each time they said the transaction to the seller. Why would they not want fees to cover those expenses? They are losing out every time. Am I missing something?
1. They may be given tips.
2. They are doing it kind of like a community service.
Escrow provides their service to the community to make the bitcoin economy larger and more healthy. They will usually make the buyer send an extra .0001 btc to cover the 2nd tx fee
Most escrow services on these forums also accept tips
Most escrow services on these forums also accept tips
That's true, and sometimes the seller (in most cases) and buyer (a bit less) are happy with the trade and they decide to tip. Sometimes it's actually a bit more profitable, it all depends on who your dealing with.
All in all, I offer escrow services to help the community, and to minimize [newbie] scams.
True, but if they ask for a fixed fee, they probably won't have many customers.
After all, there are quite a number of highly trusted people here providing free/tips escrow services.
How can I use an escrow to sell like a webpage for BTC? or other digital goods
They do without charge because people using bitcoin to trade things, and don't crying about bitcoin scams to everyone they can reach, is indirectly beneficial to them, since more people will hold and trust bitcoin.
They see the whole picture, not only short term profits.
They see the whole picture, not only short term profits.
Escrow provides their service to the community to make the bitcoin economy larger and more healthy. They will usually make the buyer send an extra .0001 btc to cover the 2nd tx fee
Most escrow services on these forums also accept tips
Most escrow services on these forums also accept tips
That's true, and sometimes the seller (in most cases) and buyer (a bit less) are happy with the trade and they decide to tip. Sometimes it's actually a bit more profitable, it all depends on who your dealing with.
All in all, I offer escrow services to help the community, and to minimize [newbie] scams.
Escrow provides their service to the community to make the bitcoin economy larger and more healthy. They will usually make the buyer send an extra .0001 btc to cover the 2nd tx fee
Most escrow services on these forums also accept tips
Most escrow services on these forums also accept tips
That's true, and sometimes the seller (in most cases) and buyer (a bit less) are happy with the trade and they decide to tip. Sometimes it's actually a bit more profitable, it all depends on who your dealing with.
All in all, I offer escrow services to help the community, and to minimize [newbie] scams.
Escrow is a good thing. If a escrow offers it for no fee i would be a little worried unless very well know escrow agent. Normal is 1 percent or so depending on what is being used.
Escrow provides their service to the community to make the bitcoin economy larger and more healthy. They will usually make the buyer send an extra .0001 btc to cover the 2nd tx fee
Most escrow services on these forums also accept tips
Most escrow services on these forums also accept tips
That's true, and sometimes the seller (in most cases) and buyer (a bit less) are happy with the trade and they decide to tip. Sometimes it's actually a bit more profitable, it all depends on who your dealing with.
All in all, I offer escrow services to help the community, and to minimize [newbie] scams.
Escrow provides their service to the community to make the bitcoin economy larger and more healthy. They will usually make the buyer send an extra .0001 btc to cover the 2nd tx fee
Most escrow services on these forums also accept tips
Most escrow services on these forums also accept tips
Thanks for the explanation I thought I was being stupid or missing something.
Surely they are losing out because of the miner fees each time they said the transaction to the seller. Why would they not want fees to cover those expenses? They are losing out every time. Am I missing something?
They are taking fees but giving service without any fees its simple no one going to do this without miner service
Surely they are losing out because of the miner fees each time they said the transaction to the seller. Why would they not want fees to cover those expenses? They are losing out every time. Am I missing something?
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