OP 02 December, 2021 - 01:40 AM
So escrow solves all current problems we have with people scamming it allows for save deals with users from every rank and rep.
What is escrow?
Escrow is a sort of mm me the buyer puts the money in cracked.io who now holds the funds the buyer sends me his product that I paid for I will check if everything is good I will click confirm on my end and the funds will go to the seller who can then take the funds from CIO to his wallet. this is the basics of escrow no matter if you're new on the site or staff vouched this is a safe way to make dals 24/7
Pros:
24/7/365 using an mm is annoying, not instant mm needs to be online etc.
all users can safely deal if CIO would be an escrow no matter if you just registered.
users can set a warranty for XX hours on the deal after XX hours the buyer can submit that everything is working well or that he needs a replacement for the product
this solves another mm problem because the funds are released when everything is good but the product might die after a day when the warranty is 2 days now what?
the user has to replace the product or give him his money back but it just depends on the user at this point.
users can unlock FE FE = Finalize early once a user has done a X amount of deals successfully and everything is good he doesn't have to wait for a warranty or anything the funds won't be hold on the escrow anymore and will go straight to the seller who can then use it for other things.
if there is an issue with the product buyers can submit proof without opening a whole report and if the product wasn't delivered the buyer is safe at all cost
Cons:
when using escrow it is possible that something happens like a breach or seizure and users lose their funds
it can be annoying for sellers because if there reselling there basically fronting the money.
Personal:
it's just an idea I know there is loads of development that has to go into this and I am just interested in how others think about escrow I love it tbh for a lot of reasons
its most likely never going to happen but idk what do you think of CIO escrow? I think it would be fire
. (just came up in me after I just used escrow lmao)
What is escrow?
Escrow is a sort of mm me the buyer puts the money in cracked.io who now holds the funds the buyer sends me his product that I paid for I will check if everything is good I will click confirm on my end and the funds will go to the seller who can then take the funds from CIO to his wallet. this is the basics of escrow no matter if you're new on the site or staff vouched this is a safe way to make dals 24/7
Pros:
24/7/365 using an mm is annoying, not instant mm needs to be online etc.
all users can safely deal if CIO would be an escrow no matter if you just registered.
users can set a warranty for XX hours on the deal after XX hours the buyer can submit that everything is working well or that he needs a replacement for the product
this solves another mm problem because the funds are released when everything is good but the product might die after a day when the warranty is 2 days now what?
the user has to replace the product or give him his money back but it just depends on the user at this point.
users can unlock FE FE = Finalize early once a user has done a X amount of deals successfully and everything is good he doesn't have to wait for a warranty or anything the funds won't be hold on the escrow anymore and will go straight to the seller who can then use it for other things.
if there is an issue with the product buyers can submit proof without opening a whole report and if the product wasn't delivered the buyer is safe at all cost
Cons:
when using escrow it is possible that something happens like a breach or seizure and users lose their funds
it can be annoying for sellers because if there reselling there basically fronting the money.
Personal:
it's just an idea I know there is loads of development that has to go into this and I am just interested in how others think about escrow I love it tbh for a lot of reasons
its most likely never going to happen but idk what do you think of CIO escrow? I think it would be fire
. (just came up in me after I just used escrow lmao)
![[Image: gB0Oyuo.gif]](https://i.imgur.com/gB0Oyuo.gif)
![[Image: ZsTIWSC.png]](https://i.imgur.com/ZsTIWSC.png)
