₦airaland Forum

skitkid2:
Hi
If your client's contact you even by 1:00am and you are awake, I strongly believe you will reply and deal with the client because you have something to gain.

Paid escrow is good and will certainly reduce scamming

roblance:
Day11 12 13. I staked 40k for arsenal first half win. Omo I Don hammer again. My beer sure this night. Remain 20k on 3.26

Singapore1:
As in 200 milimetre ?

Wake up sir.. Na Singapore 1 you quote

justi4jesu:
I lost my voice already.

Tabbaz:
I pity the next victim because the scammers have won again



back to silent mode

justi4jesu:
So you contacted me that you had btc for sale and I said i wasn't interested, na that one turn to silly statement or the try harder next time statement that i said wasn't for you. Of course everybody go old one day. and I wasn't interested in buying your bitcoin sorry. So because of that you come carry me for mind?

Countless people on this thread I have sent money to them first and even left it until the next day, why are you guys carrying this ESCROW THINGY for head as if na one kind investment? I have left millions with people on this thread wey no dey make noise like some people wey dey here everyday with bad belle up and down waiting for who to hate on. I trust those people in such a way that i know my money is safe with them and i go to sleep, and they always deliver....THEY DON'T MAKE NOISE ON NAIRALAND LIKE SOME PEOPLE.

They are quiet and trusted and i love such people. I even use some of their bank accounts anytime i exceed my bank limit that's why i hardly do escrow since last month and directed anyone that contacted me to other trusted exchangers, because i dey protect my limit to use do my own personal business.


BEFORE ESCROW I WAS HERE AND AFTER ESCROW I WILL STILL BE HERE, ANYONE THAT DOESN'T LIKE IT CAN ENTER THE WALL.

obasy09:
Well, I think the escrow service is a welcome development to safeguard the individual's hard-earned money. I however, think that we are making a fundamental mistake. That mistake is a replica of what we are making in Nigeria- relying on individual integrity to change our future for better rather than putting in place a strong structure/institution (with legal backing). I hate to say this. This market that begins as a child's play will grow into something gigantic in the future. This is going to make some people overly too powerful thereby creating another Monster known as the "CABAL". For instance, I still have some reservations about some highly trusted and very active members of this platform being touted as Escrow. A good example of a situation in which power might be misused is sudden removal of my moniker from the trusted members/exchanger without any reason. This occurred after I cautioned on accusing people of being a SCAM without concrete evidence. I have been on Nairaland since 2009 and have dealt with many people without a single blemish. That my name was removed is not the contentious issue here but relying on "INTEGRITY" of online members of a faceless forum rather than instituting a reliable and verifiable structure is only postponing the evil day. Imagine this market grows into handling multi-millions or even billions. Anybody that intends to do business (PAID ESCROW) should not be discrete about his/her identity under any guise. In fact, their name, address, background should be documented and known to members. We may not have the capacity to put up a formidable institution now but if anyone wants to do PAID ESCROW business under the name of the Nairaland community, then do the business like business.

My2cents

It's one and only Obasy09.

ladyF:
So you mean if I put 100k, I'd get 326,000

Abeg who can sow a seed into my life today. Good measure, pressed down, shaken together will be given into you.

roblance:
The chair , na sure pick. Make I put 20k

MrCork:
it's a simple gaddďem yes or know!

MrCork:
..are you lightskin?

agiri1:
Posting again for the people that were in Cloud 9 when I initially conceive the idea.

I am in support of Paid Escrow Service(PES) if it guarantees that transactions will be Safe. Website like localbitcoins provides the escrow service for bitcoin buyers and it works amazingly. While it will be great for the veterans to get paid for this services, it should not be at a steep price of 5%. PayPal charges an average of 2.9% per transaction which is still considered high. Here's my proposal on a guideline that can be used for the Paid Escrow Service. Please feel free to critique my proposal.

PES proposed Rule 1 (Transaction Fee)
Transaction fee should be variable rate based on transaction volume. Small transactions can be charged a maximum fee of between 1% t 1.5% and it drops down based on volume. $100 transaction will be charged 1%($1) or 1.5%($1.5) and large transaction like $1000 can be charged 0.5%($5) and so on. The higher the volume, the lower the percentage charged in fee.

PES proposed Rule 2 (Two Veterans minimum per paid escrow transaction)
Paid escrow service should involve more than one veteran. Two pangolo heads are definitely better than one and it will also ensures that if a veteran get a deposit of $10,000 BTC and gets hit by a bus before the transaction can be completed , the other veteran will be available to complete the transaction provided that they both have ACCESS to the account. So, I propose that escrow accounts should have at the very least two signatory. Bitcoin exchange like Coinbase offer vault account that requires confirmation from two emails before money can be released.

PES proposed Rule 3 (Reviews and Transactions Ratings)
A successful paid transaction through escrow should be reported on the thread and both people involved in the exchange should be be given a review and rated by the veterans.
Rating ranges between 0 and 5; rating should be based on ease of transaction and cooperation of the members with the Veterans. Veterans should calculate an average of the score i.e Veteran A rating and Veteran B rating added and divided by 2. Scammers will be rated 0 and successful, quick, smooth transaction will be rated 5. Members behaviour like being slow to transfer fund(bank problems taking into consideration), time wasting, too much irrelevant questions, backing out of agreed rate(you know them) , suspicious behaviour etc will be taking into consideration during the rating process. I have done several transactions with some people through escrow here but very few have reviewed me even though I specifically asked and even offered them a great rate because I value the review since I'm new on the forum.

Proposed PES Rule 4(Authorized PES Admin Officers)
Veterans looking to earn money through paid escrow should be willing to verify their real Identity, Bank Information and facebook/LinkdeIn account etc.
Admin Officer public profiles(Facebook, Whatsapp, LinkedIn) must contain their real picture that must be displayed at all time. Lots of you guys never show ya real face; I guarantee none of ya'll wowo reach me and I still dey show my face on Whatsapp .
Eligibility: Veteran that apply to be Admin officer must will be well known members that have been on NL for several years(3 years minimum?) and have successfully verifiable transaction(50 transactions?) on this Platform.
When two members request for Escrow services, the Admin Officers will log the transaction on a public spreadsheet (google docs?) that can be viewed by all Admin Members and the two members involved in the transaction. Other forum members can be granted Read Only Access as well. Only the Admin Officers can have access to Edit the spreadsheet. The columns will include the following information and will be filled as the transaction progresses: the column will Member A, Member B, Admin Officer 1, Admin Officer 2, Type of Transaction(BTC to Naira, Skrill to PayPal etc.), Crypto-Currency Deposited, Money deposited etc.



Note: NL can create a section for Escrow and pay the veterans a portion of the fee to manage it.

If you guys agree with some of these ideas We can work on more elaborate guidelines and also draw up a list of documents and design them to track the transactions.

Signed Agiri1

cc
dominique
bookiemart01
Aleairhub
Sunboy
Vizboy
Singapore1
Bdavis
Nsonaso
ladyF
justi4jesu
dragnet
puskin
onatisi
dallarflow
legalwealth
Tabbaz

Humblega:
is it still available?

justi4jesu:
Local ke. So international paypal no pay again.

HazzanTazzan:
U no dey like to pay money for fat babe o