Interesting Idea | Comment your thoughts

[100]

I have had a few hours of free time today and came up with an interesting business idea.
please give honest feedback and opinion on this idea.

The Idea -
Fully automated Escrow payment website.

If i decide to turn this idea into reality it would look something like this...

Step one:
Two users sign up for example Joe and Sam.

Joe = Buyer
Seller = Sam
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Step Two:
Buyer (Joe) adds funds to his account using integrated Stripe/PayPal
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Step Three:
Buyer (Joe) creates an Escrow, adding the product/service type, amount, then adds Seller (Sam) as the seller.
once Escrow is created funds are withdrown from Buyers balance.
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Step Four:
Seller (Sam) fulfills order, then marks order as delivered, if Buyer (Joe) is satisfied with order fulfillment
he then clicks the "Confirm" button on his end.
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Step Five:
Funds are released to Seller
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Other Information:
this preview is a rough idea, please tell me what you guys think and if you use this website if i fully finished and published it.
The final product would have a fully functional admin dashboard where admin can provide support in refunding escrows to Buyers if seller scams, or releasing funds to sellers if buysers try to scam sellers by not clicking the "Confirmed" button after product/service is delivered.


PLEASE GIVE ME YOUR HONEST FEEDBACK!

Download Demo Source -

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after downloading source, unzip the file, then open CMD in that file, run 'npm install' after that run 'npm start'

Preview -

[1.461]

this works, already used it on multiple occasions, also could do finalize early, which release the funds after ssome time if the buyer does not push it again if there's a problem. This way it would avoid people just not paying at all.

I do not sell anything. I do not have a public Discord / Telegram. I will never ask anyone for money / refuse any deal via middleman. I will never deny to confirm my identity via PM before any deal. Stay safe, I have impersonators.

(-.-)Zzz...

https://youtu.be/EDVrTYW2l84