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Escrow Integration with BHW

Discussion in 'Forum Suggestions & Feedback' started by monsterseo, Dec 15, 2016.


Do you think adding Escrow Payment to BHW will do good?

  1. Yes

    2 vote(s)
  2. No

    0 vote(s)
  3. Cant Say

    0 vote(s)
  1. monsterseo

    monsterseo Power Member

    Aug 3, 2014
    Likes Received:
    We know Escrow payment has been integrated in several marketplaces to ensure safety of both buyer and seller. Same thing could be implemented here in BHW too. Once its integrated into BHW, below are possible:

    1) BST sellers can enforce Escrow payment (as an option) for their sales. BST thread owner can decide whether to give that as an option, because ultimately it reduces the chance of getting scammed from both side. But seller will get money only at the end of delivery. So this may not be suitable if your service is just about outsourcing the work. In that case seller will have to spend from their own pocket until buyer releases the money in escrow. However this wont be a problem because you can sell only your own services in BHW marketplace (thats a marketplace rule if I'm not wrong). So we can actually enforce Escrow payment for all transactions in the marketplace.

    2) For any trades happening out of BHW marketplace, for an example "Hire a freelancer", we can enforce Escrow payment. This is crucial step because 90% scam reports in shitlist are about services that are not in marketplace.
  2. blogzandstuff

    blogzandstuff Elite Member

    Jan 1, 2015
    Likes Received:
    blog creator