Quote from: SelfCustody on July 24, 2023, 03:43:57 AM

Quote from: rat03gopoh on July 24, 2023, 02:45:43 AM

OP, obviously you don't understand what the role of escrow is here. Their task is more complex than you think and there is no reason to eliminate them especially to ensure the satisfaction of both parties. Some services that automate the escrow system also don't work well and many fail to resolve transaction disputes.

I guess we can agree to disagree then. Like I mentioned earlier I was an international seller on Ebay and Amazon before electronic payment systems like Paypal even existed. I remember the rules in place and how it was made to work primarily based on marketplace user rating and feedback. I think the near instant settlement of crypto is very applicable to how it was before there was a Paypal or other electronic payment systems.

Ratings and feedback can be faked and if your marketplace offers KYC for buyers I don't think it will receive acceptance from the majority of the Cryptocurrency community, so many market relies on Paypal because of Paypal's chargeback and dispute features which a seller and buyer can use if they are not satisfied with the transaction, but when it comes to Cryptocurrency, escrow is the the most popular and reliable.
It protect the buyer and sellers from bogus transaction and it protects the buyers and sellers' anonymity.