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A better system would have some agreed upon holding period. Two weeks perhaps? Enough time at least that the buyer has received the goods. As much as I hate
by axaxs 5y ago
A better system would have some agreed upon holding period. Two weeks perhaps? Enough time at least that the buyer has received the goods. As much as I hate Paypal, that's essentially what they do. They hold the funds until they've confirmed the item was delivered.
- idiotsecant 5y agoNo, a better system would give the buyer incentive to release funds in a timely fashion while still offering the escrow company incentive to implement. Maybe you pay escrow 110% of the cost, you get 10% back when you release funds, 5% if you take more than 10 days, 1% after that.