depositor

A transaction middleman. Something similar to what they call escrow in the US.

  • Keep it simple.
  • Users initially registers:
    • amount
    • requirement for fullfilment
    • actions if dispute
    • 3rd party details
    • details of stages, if payment is staggered
    • details of when deposit is to be made
  • Both receiver and sender / purchaser & seller is set to yellow state.
  • Sender encounters a problem / delay in delivering / shipping etc
    • his state is set to amber
    • receiver is notified by email
  • sender sends products
    • sender state is set to green
    • receiver state is set to orange, as he awaits delivery
    • receiver is notified by email
  • receiver receives products
    • the products are not what ordered or damaged
      • receiver state is set to red
      • sender is notified by email
      • sender's state is set to amber
    • the products are as espected
      • receiver state is set to green
      • 3rd party middleman is notified to transfer money
  • Problems:
    • legality may need to be financial institution
    • US' facination with lawsuits.

Characteristics

Appeal Low
Complexity Difficult
Likelihood Unlikely

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