1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

BHW Escrow System

Discussion in 'Forum Suggestions & Feedback' started by ScrapeBoss, Apr 18, 2011.

Tags:
?

Should there be BHW Escrow System?

  1. Yes. Great Idea

    0 vote(s)
    0.0%
  2. No. Not Necessary

    0 vote(s)
    0.0%
  3. Don't Know

    100.0%
  1. ScrapeBoss

    ScrapeBoss Elite Member Premium Member

    Joined:
    Nov 25, 2010
    Messages:
    1,865
    Likes Received:
    669
    Location:
    123.456.789.012.345.678.901.234.567
    Home Page:
    I am of the opinion that it would be a great thing for BHW to have an escrow system and eliminate the shortcomings of using paypal for dealing with digital products. Everyone here would agree that immediately when you send money to another person through paypal, you should consider that money as "gone" until the seller/other partner responds and delivers on his own side of the deal.

    The existence of a BHW escrow system would help in the following ways:

    1. Trust - members would be able to have trust in one another and go ahead with any business deal because they already know that there is an escrow securing their money against any fraudulent partner

    2. No scamming - many people take advantage of paypal lapses to scam others because they know that the other party does now have a way of getting his money back. The existence of a BHW escrow system is very likely to reduce or eliminate scams here

    3. Make more money - the lack of trust and the problems with paypal always make people to be afraid to go into any joint venture or freelancing service. Many businesses and money-making opportunities have been lost through this way. Therefore, a BHW escrow system would help members to make more money online because of the abundant financial security that would be provided through an escrow system

    Of course, BHW would not operate the escrow system for free. There may be a charge of something like 2%, 5% or even 7% of the value of the contract between the partners. This would be as compensation for creating a good environment for people to be able to do business with one another and make money.

    A poll on this issue may likely indicate the stance of members on this issue.

    Thanks
     
    • Thanks Thanks x 1
  2. GreenGoblin

    GreenGoblin BANNED BANNED

    Joined:
    Jul 17, 2008
    Messages:
    1,493
    Likes Received:
    2,564
    Then BHW would be held liable for any issues concerning transaction between members I'm quite sure the Admins / Mods / Owners don't want to deal with that headache. However it's a cool idea if someone could offer that service for a small transaction fee.
     
  3. -Jericho-

    -Jericho- Jr. Executive VIP Jr. VIP Premium Member

    Joined:
    Jan 10, 2010
    Messages:
    2,849
    Likes Received:
    1,704
    Location:
    Stalking My Ex-Wife
    Didn't think of that but you're right.

    Wouldn't be so bad if stupid paypal actually did their job. Really hate them. I still am of the opinion that they frequently tell both parties they lost and keep the money for themselves. Doesn't matter which side I'm on I never seem to win a dispute and I've never scammed anyone.
     
    • Thanks Thanks x 1
  4. ScrapeBoss

    ScrapeBoss Elite Member Premium Member

    Joined:
    Nov 25, 2010
    Messages:
    1,865
    Likes Received:
    669
    Location:
    123.456.789.012.345.678.901.234.567
    Home Page:
    I got your point. But what kind of liability could BHW be subjected to? In most escrow arrangements, the buyer usually gives the final go-ahead for the money to be released. Probably there could be some other hidden liabilities that I'm not aware of.


     
  5. eloquenceeee

    eloquenceeee Regular Member

    Joined:
    Nov 1, 2010
    Messages:
    437
    Likes Received:
    78
    BHW could make the user agree to some type of agreement that removes the liability from BHW.
     
  6. Knoxgates

    Knoxgates Supreme Member

    Joined:
    Aug 9, 2008
    Messages:
    1,266
    Likes Received:
    918
    It's a nightmare to deal with scammers and paypal. This issue has been talked more than 50 times on BHW. It's not going to work.
     
  7. GreenGoblin

    GreenGoblin BANNED BANNED

    Joined:
    Jul 17, 2008
    Messages:
    1,493
    Likes Received:
    2,564
    Example

    VIEW 1
    Buyer: wishes to pay via credit card to BHW for a purchase from seller
    BHW: informs seller buyer has paid
    Buyer: Informs BHW that everything is good to go
    BHW: releases payment to seller
    Buyer: Files chargeback against BHW
    BHW: has to now fight with mastercard & visa to get the money back (Headache)

    There so many issues another example, seller sales material to buyer in which he or she does own the copyright too, articles, design etc which creates a legal issue. Lets not even get into writing checks lmao
     
    • Thanks Thanks x 2
  8. JesusBack

    JesusBack Executive VIP Premium Member

    Joined:
    Sep 15, 2010
    Messages:
    1,159
    Likes Received:
    1,284
    Occupation:
    Almost done :D
    Location:
    {calm|cool|collected}
    why not use escrow.com :rolleyes:
     
    • Thanks Thanks x 1
  9. bushbabie21

    bushbabie21 Executive VIP Jr. VIP Premium Member

    Joined:
    May 27, 2010
    Messages:
    459
    Likes Received:
    165
    I think the best idea would be to allow BHW to take a percentage if users wanted to use escrow or some kind of a paid way to avoid being scammed.....that way it would be financially viable for BHW and secure for buyers. Viola!!!
     
  10. KBC-12

    KBC-12 Regular Member

    Joined:
    Dec 19, 2008
    Messages:
    311
    Likes Received:
    272
    Location:
    USA
    This is exactely what I was about to say. I think it is a good idea in theory but like mentioned here before BHW admin wouldn't want the headache.

    I think escrow.com should work fine.

    If you have smaller payments though you just have to stick with PP and AP.
     
  11. shevkorn

    shevkorn Newbie

    Joined:
    Nov 26, 2010
    Messages:
    18
    Likes Received:
    1
    I used escrow to buy a domain... fee was 25$ and the domain price was 30$... unfair... anyway escrow will be a great solution.
     
  12. rush7

    rush7 Junior Member

    Joined:
    Apr 1, 2010
    Messages:
    117
    Likes Received:
    46
    Very good idea, will make services on this site prosper and eliminate all the scammers
     
  13. ash1ey

    ash1ey BANNED BANNED

    Joined:
    Jul 21, 2006
    Messages:
    320
    Likes Received:
    144
    I've seen gaming sites that deal with buying and selling of Warcraft Accounts that offer a 'Middleman' Service. They charge about $30 per transaction tho.

    If you have a way to eliminate fraud transactions and can lower the price a bit im sure theres an opportunity for someone to maybe open a BST thread offering such service.
     
  14. wpbacklinks

    wpbacklinks Jr. VIP Jr. VIP Premium Member

    Joined:
    Mar 27, 2010
    Messages:
    3,397
    Likes Received:
    1,339
    Gender:
    Male
    Occupation:
    Affiliate Marketer
    Location:
    Everywhere
    and i really hate the headache part :p

    edit : will bhw files chargeback to seller? lol
     
    Last edited: Apr 3, 2012
  15. GreenGoblin

    GreenGoblin BANNED BANNED

    Joined:
    Jul 17, 2008
    Messages:
    1,493
    Likes Received:
    2,564
    Lol ...paypalem