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I Want To Start An Escrow Company, What Do You Think? - Programming - Nairaland 2mc4x

I Want To Start An Escrow Company, What Do You Think? (5987 Views)

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cbrass(m): 11:55pm On Aug 11, 2017
Hello guys, its been awhile. I wish to build my escrow kind-of app and start the company. I just need your inputs concerning how feasible it will be, whether I should start it or not

1 Like

LordRahl001: 5:54am On Aug 12, 2017
cbrass:
Hello guys, its been awhile. I wish to build my escrow kind-of app and start the company. I just need your inputs concerning how feasible it will be, whether I should start it or not
That will make a lot of sense and even also help with the way we do business. But how do u plan to handle d logistics and also gain the publics trust?? Meanwhile, good luck bro.
donsheddy1(m): 9:23am On Aug 12, 2017
cbrass:
Hello guys, its been awhile. I wish to build my escrow kind-of app and start the company. I just need your inputs concerning how feasible it will be, whether I should start it or not
Our input has nothing to do in your idea at this stage. If truly you have this idea, why not start it and see people's input instead of the other way round.

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cbrass(m): 10:15am On Aug 12, 2017
donsheddy1:
Our input has nothing to do in your idea at this stage. If truly you have this idea, why not start it and see people's input instead of the other way round.

I dont know if it has been done by anyone here in naija and the acceptance is what am worried about after putting so much time to coding and funding it. But from your response I think I will start it

2 Likes

cbrass(m): 10:17am On Aug 12, 2017
LordRahl001:

That will make a lot of sense and even also help with the way we do business. But how do u plan to handle d logistics and also gain the publics trust?? Meanwhile, good luck bro.

As for the logistics angle am still perfecting work on it, but my biggest issue is getting the public to TRUST my company with their money sad

1 Like

LordRahl001: 10:27am On Aug 13, 2017
cbrass:


As for the logistics angle am still perfecting work on it, but my biggest issue is getting the public to TRUST my company with their money sad

How abt u don't keep the money, then u can relate with the banks. So when all th conditions are fulfilled, the money is deposited in the recipients . So the bank just deduct the money and put it on hold without any intermediary so it's inaccessible to both parties until the conditions ar satisfied! So all u just make sure of is that those conditions are satisfied or inform the bank to return the money to d sender less of the required charges of course!!
cbrass(m): 10:25pm On Aug 13, 2017
LordRahl001:


How abt u don't keep the money, then u can relate with the banks. So when all th conditions are fulfilled, the money is deposited in the recipients . So the bank just deduct the money and put it on hold without any intermediary so it's inaccessible to both parties until the conditions ar satisfied! So all u just make sure of is that those conditions are satisfied or inform the bank to return the money to d sender less of the required charges of course!!

Waoo, God bless you, have never thought of it that way o shocked

1 Like

Ojukwu24(m): 11:40am On Aug 14, 2017
cbrass:


I dont know if it has been done by anyone here in naija and the acceptance is what am worried about after putting so much time to coding and funding it. But from your response I think I will start it

https://payscrow.net/

Yes it has been done, but that shouldn't stop you from doing yours. Good luck.

1 Like

Re: I Want To Start An Escrow Company, What Do You Think? by Nobody: 12:52am On Sep 05, 2017
Is there any required license to run an online escrow services in Nigeria??

1 Like

polimaf(m): 10:16am On Sep 06, 2017
fighal:
Is there any required license to run an online escrow services in Nigeria??
I don't think there's any licence but your platform must be ed in Nigeria and hosted in Nigeria. gt that from a pro in software industry.

1 Like

Re: I Want To Start An Escrow Company, What Do You Think? by Nobody: 8:53pm On Sep 06, 2017
polimaf:
I don't think there's any licence but your platform must be ed in Nigeria and hosted in Nigeria. gt that from a pro in software industry.
OK Boss
dekay2luv: 6:54pm On Nov 14, 2019
Have you start your escrow like company
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kenpanda(m): 8:51am On Feb 15, 2024
I know of 2 and they're doing great.

One is https://pandascrow.io/
micodon(m): 4:08pm On Feb 16, 2024
kenpanda:
I know of 2 and they're doing great.

One is https://pandascrow.io/
ken panda advertising panda scrow. dude, if you want to your website, do it with your full chest

1 Like

cyrusmillz: 11:48pm On Mar 04, 2024
cbrass:
Hello guys, its been awhile. I wish to build my escrow kind-of app and start the company. I just need your inputs concerning how feasible it will be, whether I should start it or not

How far with this bro ?
cbrass(m): 12:01am On Mar 05, 2024
cyrusmillz:


How far with this bro ?
Dropped the idea, can't what happened.its been awhile grin
cyrusmillz: 10:18am On Mar 05, 2024
cbrass:

Dropped the idea, can't what happened.its been awhile grin
I've seen like 2 -3 sites doing this escrow service. Was conducting market research , that's when I came to the thread . But why did you stop
cbrass(m): 1:23pm On Mar 05, 2024
cyrusmillz:

I've seen like 2 -3 sites doing this escrow service. Was conducting market research , that's when I came to the thread . But why did you stop
I wanted to do it because of my friend who was into importation,so we used to rely on the bus driver to help us collect the money as customers won't want to pay without seeing the item they are paying for. Later he said that he has found a delivery company that will deliver the item and also collect payment for him so that's why I dropped the idea. There were some other bank regulations and licences that you must have before you can hold a customer's money, I wasn't ready for all that since I just wanted to build for a friend
kristian98(m): 3:05pm On Mar 05, 2024
cbrass:

I wanted to do it because of my friend who was into importation,so we used to rely on the bus driver to help us collect the money as customers won't want to pay without seeing the item they are paying for. Later he said that he has found a delivery company that will deliver the item and also collect payment for him so that's why I dropped the idea. There were some other bank regulations and licences that you must have before you can hold a customer's money, I wasn't ready for all that since I just wanted to build for a friend

Please can you share the name of the delivery company?
cbrass(m): 4:43pm On Mar 05, 2024
kristian98:


Please can you share the name of the delivery company?
I will ask,but GIGM used to do something like that,but I don't know if they still do it.
They only thing is they don't pay the merchant immediately,I think the money stays with them for 5 days or so
cyrusmillz: 11:40pm On Mar 05, 2024
cbrass:

I wanted to do it because of my friend who was into importation,so we used to rely on the bus driver to help us collect the money as customers won't want to pay without seeing the item they are paying for. Later he said that he has found a delivery company that will deliver the item and also collect payment for him so that's why I dropped the idea. There were some other bank regulations and licences that you must have before you can hold a customer's money, I wasn't ready for all that since I just wanted to build for a friend

oh I see , good to see things from your point of view
Blackzero: 2:42pm On Apr 04, 2024
cbrass:

I wanted to do it because of my friend who was into importation,so we used to rely on the bus driver to help us collect the money as customers won't want to pay without seeing the item they are paying for. Later he said that he has found a delivery company that will deliver the item and also collect payment for him so that's why I dropped the idea. There were some other bank regulations and licences that you must have before you can hold a customer's money, I wasn't ready for all that since I just wanted to build for a friend
bro can we discuss am having a similar all in one idea we can work on it 07077007596 call or whatsapp
cbrass(m): 5:30pm On Apr 09, 2024
Blackzero:
bro can we discuss am having a similar all in one idea we can work on it 07077007596 call or whatsapp
Alright
cbrass(m): 5:31pm On Apr 09, 2024
Blackzero:
bro can we discuss am having a similar all in one idea we can work on it 07077007596 call or whatsapp
Can't find your number on Whatsapp

1 Like

scnmerole: 10:37pm On Feb 27
Yea not WhatsApp
cbrass:

Can't find your number on Whatsapp
scnmerole: 10:41pm On Feb 27
cbrass:
Hello guys, its been awhile. I wish to build my escrow kind-of app and start the company. I just need your inputs concerning how feasible it will be, whether I should start it or not

Please message me on WhatsApp I want to find out somethings from u. 07062532028

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