Hi everyone.
Escrow services have been an important part in constructing the bridge of trust between merchant and consumer, especially for high value transactions. There are many services available on and offline to people and businesses worldwide. In fact a large part of international trade utilizes escrow services for a very similar reason as you would want to use them here. Namely, as a safety net protecting the the buyer and guaranteeing he will receive what he purchased while the seller is guaranteed he will be paid.
I am actually working on a project that involves the development of an escrow service. We are approaching it one way but I am wondering what would you like to see in an escrow service from a website selling high value items? The items are within a marketplace and are of a single type, sorry i can not be more specific I am under NDA until we release our whitepaper to the public.
Would you prefer to have tenured members associated with the company and perhaps verify transactions?
Or perhaps would you prefer to have a company like escrow.com involved, whether as third party or as an endorsement of our companies service?
If you purchasing an item for $20,000USD what would make you feel the most secure?
Thanks ahead of time for your feedback!
I realize I'm a noob here so I have used my real name in case you wanted to see who I really am and what I do, which is just about a little of everything lol. My linkedIn @jdberkowitz will be updated soon with more details about this project including white paper and landing pages, when they are ready so I hope you'll follow my profile!