4 ms·
> Which would mean the only real protection Escrow gives is against the buyer going bankrupt (or using false identity, I suppose). Well, the buyer is out of th
by CGamesPlay 5y ago
> Which would mean the only real protection Escrow gives is against the buyer going bankrupt (or using false identity, I suppose).
Well, the buyer is out of the money in any case, which is a pretty big protection.
- rrishi 5y agohave to agree here
- sly010 5y agoNo. The buyer got his assets. You are out of money.
- bena 5y agoThe buyer as well. But the buyer technically has "paid" so they may not be as concerned with closing out the transaction. If only the assets could be held in escrow as well, then when both elements are held by the escrow group, they can release to the appropriate parties.
- runako 5y agoDomain names can be held in escrow by escrow.com. So theoretically it's possible to at least get that part back if the transaction goes south.
- bena 5y agoI should have been more clear. It's not a matter of whether it's possible but whether the seller had the foresight to use the service in such a capacity. Because at the end of the day, an escrow is a trusted third party used to facilitate a trade. We typically think of them in terms of money because that's typically what they hold, but there's no good reason they can't be trusted with any good.