depositor

A transaction middleman. Something similar to what they call escrow in the US.

• Keep it simple.
• Users initially registers:
  • amount
  • requirement for fullfilment
  • actions if dispute
  • 3rd party details
  • details of stages, if payment is staggered
  • details of when deposit is to be made
• Both receiver and sender / purchaser & seller is set to yellow state.
• Sender encounters a problem / delay in delivering / shipping etc
  • his state is set to amber
  • receiver is notified by email
• sender sends products
  • sender state is set to green
  • receiver state is set to orange, as he awaits delivery
  • receiver is notified by email
• receiver receives products
  • the products are not what ordered or damaged
    • receiver state is set to red
    • sender is notified by email
    • sender's state is set to amber
  • the products are as espected
    • receiver state is set to green
    • 3rd party middleman is notified to transfer money
• Problems:
  • legality may need to be financial institution
  • US' facination with lawsuits.

Characteristics

Tags

• idea

Contact

• help/join
• sponsor
• inquire