Post
Topic
Board Computer hardware
Merits 1 from 1 user
Re: What is escrow and how does it work?
by
philipma1957
on 23/03/2020, 22:49:18 UTC
⭐ Merited by MoparMiningLLC (1)
Also, is PayPal a standard method of payment?  I don't yet have an ample supply of Bitcoin and want to hold as much as I can for the rebound.

No, but for that, you just need to talk with your chosen escrows and see if you can arrange a deal with them using Paypal as a medium transaction.

But I've never seen an escrow here accepting a deal like that. Seems it requires extra work.

But no harm trying. Just choose the reputable ones.

No paypal

 Usually I take most  coins

BTC
LTC
BCH
Doge
ETH   I don't care for ETH
ZEC
XMR


I charge 10 usd minimum  or 2%  on deals under 1000.

I charge 1.5%  on 1000 usd or higher.

I also charge tx fees  what ever they are no extra.

  This why Doge is really good as fees are  small.

I don't care whos pays the escrow fee.  buyer or seller just need to agree  which one pays it.

I get all funds.

shipping
gear
tx fees.

Seller ships
buyer gets it
buyer checks it out
Buyer says it is good
I pay seller minus the fees.

When there are issues  bad gear, no gear etc  We talk it out and fix it.

escrow setup how I do it:

 favors buyer until buyer says it is good.
 favors seller once buyer says it is good.

Ie  after a 1 to 2 day inspection time if buyer says it works all problems are now the buyers.


I am good at doing them, but>


Escrow is a duty to support  the community.
Escrow is a hard job.

So many scammers  try to beat escrow agents in many ways.

One of the most annoying attacks  is ask  for escrow  then spend  a few days talking terms over .  Then do no deal.
I have had 30 like that in a week.  involves  100 or more answered pm's  all for zip nada.