4 ms·
Escrow just screams fraud; properly solving that is a billion-dollar business by itself, so I'd strongly urge you not to implement something yourself. That sai
by JoachimSchipper 14y ago
Escrow just screams fraud; properly solving that is a billion-dollar business by itself, so I'd strongly urge you not to implement something yourself.
That said, escrow.com and the like exist; I have no experience, but escrow.com seems to accept most every reasonable way of paying for an acceptable fee.
- jamesjguthrie 14y agoI thought the point of using an escrow service was to avoid fraud?
- alliemobley 14y agoWhile of course I'd like to avoid fraud, the point right now is to make an mvp that people can start using for real. We can iterate on fraud prevention once we have something to defraud, and ideally build toward a system that degrades gracefully to use alternative providers in case the primary is down or tries to withold money such that we can just drop in new ones as startups enter this space and compete against one another.
- alliemobley 14y agoI agree that building an escrow service to solve a construction problem doesn't make sense. It`s like your car needing a new engine so you build a jet instead. Anyone want to build an escrow startup with a garunteed customer lined up?
- JoachimSchipper 14y agoWhat is wrong with escrow.com [1] for what you're doing? [1] No personal experience. This is not a recommendation. Feel free to substitute one of their competitors, if such exist.