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Do Nigerians Know Escrow Exist ? Why Don't Nigerians Use Escrow ? - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessDo Nigerians Know Escrow Exist ? Why Don't Nigerians Use Escrow ? (638 Views)

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Do Nigerians Know Escrow Exist ? Why Don't Nigerians Use Escrow ? by RushManni(op): 7:05pm On Jul 02, 2024
Every single second a Nigerian is being scammed. And it's brought a strong desire to curb this menace myself - so as I research, I noticed there are online escrow services in Nigeria but my biggest concern has been why Don't Nigerians use these ?

You'd think they don't exist but they are many.

I'm just soooo curious
Re: Do Nigerians Know Escrow Exist ? Why Don't Nigerians Use Escrow ? by DeLaRue: 7:19pm On Jul 02, 2024
'Online' escrow services run by companies that are not well known hardly inspire confidence.

Only established, well known financial services companies can run escrow services that people will trust.
Re: Do Nigerians Know Escrow Exist ? Why Don't Nigerians Use Escrow ? by helinues: 7:22pm On Jul 02, 2024
Hahaha, it be like you just left your old place and come to town.

Escrow since the time of local bitcoins, paxful, Remitano
Re: Do Nigerians Know Escrow Exist ? Why Don't Nigerians Use Escrow ? by RushManni(op): 7:25pm On Jul 02, 2024
helinues:
Hahaha, it be like you just left your old place and come to town.

Escrow since the time of local bitcoins, paxful, Remitano
Be like U no dey read to understand.

I meant not just escrow tied to crypto - but on a wider view. And, of which I've seen a number of them too online.
Re: Do Nigerians Know Escrow Exist ? Why Don't Nigerians Use Escrow ? by RushManni(op): 7:27pm On Jul 02, 2024
DeLaRue:
'Online' escrow services run by companies that are not well known hardly inspire confidence.

Only established, well known financial services companies can run escrow services that people will trust.
True

But does it mean if an individual begins a duly registered escrow stuff, it may not be welcomed ?

People are dangerous scammed on a daily
Re: Do Nigerians Know Escrow Exist ? Why Don't Nigerians Use Escrow ? by helinues: 7:27pm On Jul 02, 2024
RushManni:
Be like U no dey read to understand.

I meant not just escrow tied to crypto - but on a wider view. And, of which I've seen a number of them too online.
I said you are the one just getting to know about it now. There was this page, searchnigeria, I know the admin then, he used to run escrow service regarding payment and buy things online.

I am talking of over a decade oo
Re: Do Nigerians Know Escrow Exist ? Why Don't Nigerians Use Escrow ? by RushManni(op): 8:26pm On Jul 02, 2024
helinues:
I said you are the one just getting to know about it now. There was this page, searchnigeria, I know the admin then, he used to run escrow service regarding payment and buy things online.

I am talking of over a decade oo
Bro look for the thread about domaining here on nairaland ..... And search also for legalWealth. Check the year


Escrow in Nigerian space has been old; but there are new platforms online and those are the focus in this.
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