New Marketplace Upgrade -Escrow-
This upgrade should make it so NO ONE EVER GETS SCAMMED AGAIN.
What is it?
Once you decide to TRADE an item your points are held by a 3rd party in Escrow (This site). Your points are SAFE until you get the item you traded for.
Warning: Once you release the points from Escrow, you are saying you got your item. There is no disputing after this point.
How does it work? What changes?
First off, when you SEND YOUR ITEM, click COMPLETED. At this point there is no cancelling on either parties side.
It's a small process. I'll go over the entire process. (Most of it is the same)
User 1 Selling $5 Carbon for 2000 points
User 2 Wants that, clicks "TRADE"
2000 points are deducted from user 2 and held by the system (Not released anymore to the user)
User 1 then sends the traded item to User 2, User 1 clicks completed (just like before)
User 2 verified he got the item and clicks RELEASE ESCROW
At this point, the 2000 points are released to user 1.
What if I don't get the item or the person doesn't release the Escrow?
Then you can dispute it. Just like before I will declare a winner. So you better get some proof if you want to be awarded the points on a trade
Will there be any sort of warning once the user 'says' he sent me the item?
Yes, on the Important News box you should get a notice that the trade was completed on their end and it's just waiting on you to release the points in escrow.
Why am I still getting 1% taken out for insurance?
Because there will still be cases I can see that we need to insure people. PayPal charge backs, frozen accounts etc. I will do the best I can to insure people in those cases, not to mention this helps cover the loan shark insurance claims.
