Suggestion - Escrow service for Dimers
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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 
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:
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@B@R_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
However nothing profitable for Desidime
@Navneet wrote:
@B@R_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
However nothing profitable for Desidime
Yeah right why would they do it for bits and pieces?
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.
@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 .
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).
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