Post
Topic
Board Service Discussion
Re: How about decentralized community blockchain marketplaces without escrow?
by
SelfCustody
on 23/07/2023, 20:03:24 UTC

OP wants a marketplace where the seller will be paid immediately, but that can't work. The buyer must confirm that the product or service they purchased is legitimate. That's going to take time, especially for physical goods that need to be shipped across towns and countries. Smart-contract enabled confirmation that the goods are legitimate aren't a problem. That can be built in. The waiting time needed to receive, test, and confirm everything is in perfect working order won't be reduced with automated escrow.     

Both Ebay and Amazon never used an escrow service that made sellers wait to receive payment for the items they sold and shipped. Not using an escrow seemed to have worked out well for them.