Suggestion - Escrow service for Dimers

Suggestion - Escrow service for Dimers

Score: 1 Votes: 3

Vote down Reasons

  • Invalid/User Specific Coupon/Deal : 1
Baba ji
Deal Lieutenant
7
416
5168
104

I see many threads about different fr**ds happening due to some cheap dimers.
I have a suggestion.
DD Admin’s can develop an escrow service/system. All the transactions will be done using this system.
DD can charge some commissions also https://cdn2.desidime.com/assets/textile-editor/icon_wink.gif so it will increase their earnings.

What is Escrow?https://en.wikipedia.org/wiki/...ow

An escrow is:

- a contractual arrangement in which a third party receives and disburses money or documents for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties, or
- an account established by a broker for holding funds on behalf of the broker’s principal or some other person until the consummation or termination of a transaction; or,
- a trust account held in the borrower’s name to pay obligations such as property taxes and insurance premiums.

Benefits of Escrow:

https://www.escrow.com/why-escrowcom/be...ts

  • Expired 10 months
6 Comments  |  
7 Dimers
Draw
Deal Colonel
10
1,184
56130
1105

For escrow they have to develop wallet.
For that they need RBI licence as pre-paid instrument.

After it will be nothing but alike wallet , dimewallet

After it it will have volume and complaints too.
Nothing beneficial. Dd should stick to core and Dont indulge in competition with Fintech.

What u say @anthrax.ut

Cc
Deal Captain
84
220
12337
95
@[email protected]_0_0_D wrote:

For escrow they have to develop wallet.
For that they need RBI licence as pre-paid instrument.

After it will be nothing but alike wallet , dimewallet

After it it will have volume and complaints too.
Nothing beneficial. Dd should stick to core and Dont indulge in competition with Fintech.

What u say @anthrax.ut


They can also tie up with other escrow services without getting licensce https://cdn3.desidime.com/assets/textile-editor/icon_wink.gif
However nothing profitable for Desidime https://cdn3.desidime.com/assets/textile-editor/icon_cool.gif

Missing
Deal Lieutenant
2
276
4620
65
@Navneet wrote:

@[email protected]_0_0_D wrote:

For escrow they have to develop wallet.
For that they need RBI licence as pre-paid instrument.

After it will be nothing but alike wallet , dimewallet

After it it will have volume and complaints too.
Nothing beneficial. Dd should stick to core and Dont indulge in competition with Fintech.

What u say @anthrax.ut


They can also tie up with other escrow services without getting licensce https://cdn3.desidime.com/assets/textile-editor/icon_wink.gif
However nothing profitable for Desidime https://cdn3.desidime.com/assets/textile-editor/icon_cool.gif

Yeah right why would they do it for bits and pieces? https://cdn3.desidime.com/assets/textile-editor/icon_wink.gif

Bal ganesh
Deal Subedar
1
94
2540
31

I understand your sympathy/empathy but these escrow and all are suggested many times earlier.
Not viable financially and many trades on DD will not qualify for these legal tools…to be clear they are mostly illegal trades.

Dd av
Deal Lieutenant
6
190
4044
48
@caks2006407 wrote:

I understand your sympathy/empathy but these escrow and all are suggested many times earlier.
Not viable financially and many trades on DD will not qualify for these legal tools…to be clear they are mostly illegal trades.


This , You can never get legal license for doing illegal / black marketing stuffs .

Missing
Deal Subedar
2
148
1924
15

The legal process involved in setting up an escrow account is very detailed & voluminous. And it can also only be set up by a legal entity (a Limited company/partnership etc).

Missing