Quote from: eatwhatyoukill on February 07, 2019, 08:38:40 AM

Quote from: 56 nights on February 07, 2019, 08:24:26 AM

Quote from: outside today on February 07, 2019, 07:46:36 AM

I'd like to know more about marketplaces' processes. How goes the payment? Is there a possibility to track the package?

There are several payment options, but I chose the most suitable one for myself. The main point is that you dont transfer the currency immediately to the seller, but create a smart contract. You throw a crypt on a smart contract, it is stored there until the moment you receive the goods, as soon as you confirm receipt - the crypt will be sent to the seller. If we talk about tracking, both sides are watching the movement of goods and the release of funds to the seller.

This payment system reminds me of escrow-deals. Three parties take part in such a transaction: the seller, the escrow service and the buyer. But the essence is the same, the money is finally transferred to the sellers account only upon confirmation of receipt of the goods. As for me, it makes no sense to bother with the bank, MT and so easy payment.

You have to pay fees for the escrow, that's not always an option. Smart contracts are friendlier in this point.

OrangePotato

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