@jockey and I have walked through the first transaction using the @steemshop process using the @steemshopescrow account
...and we are pleased to announce that it works perfectly!
Why is the escrow account important?
Because it improves financial security during the transaction process.
Please follow these SIX SIMPLE STEPS to better understand this process:
STEP 1
Sales Post
@samstonehill's sales post had been resteemed into the @steemshop account because he used #steemshop as one of his five tags
@steemshop has a dedicated team manning this process
@jockey informed @samstonehill that he wanted to buy his photo
STEP 2
@jockey transferred 1 SBD to @steemshopescrow account
Please use the original title of the sales post as your memo at this stage
It is worth noting that @steemshopescrow can be easily misspelt and Steemshop will not be held liable if you make a mistake.
STEP 3
@samstonehill saw the payment had been made into @steemshopescrow account
Using steemit.chat, @samstonehill then sent a wetransfer link to @jockey for the download of the high resolution royalty free photograph
STEP 4
@jockey then informed @steemshop on steemit.chat to release the money to @samstonehill
STEP 5
@steemshopescrow sent 1 SBD to @samstonehill using original sales title as the memo
STEP 6
Finally @jockey sent 0.01 SBD to @steemshopescow with a memo confirming completion of transaction and any thoughts or comments.
The 0.01 SBD will buy you a resteem into the @samstonehill and @jockey accounts who have a combined total of 1400 followers.
The benefits of Step 6
Successful transactions will be clearly visible in the @steemshopescrow wallet, building confidence within the community
The buyers can view previous successful transactions by the seller
The resteeming to an extra 1400+ follows will earn you extra pay-out from your sales post
We hope this clarifies the escrow transaction process.
All suggestions welcome.
Am in, like the concept
I'll try this atleast once definetly.
I think people will take some time to realize the potential of this. To be able to buy, sell, trade and advertise... peer to peer, using cryptocurrencies. without leaving the platform. Facebook looks like a bad Nintendo game comparatively. I salute you @steemshop ! Hope this idea takes off and becomes so normal we forget what it used to be like to have to interact with all the frustrations of the current system (not you, dear Steemit). Post more successful stories too as this evolves so people can get a better idea of how vastly this could apply! Cheers @ecoknowme
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