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Artists & buyers, your opinion needed!
7 years ago
I'm looking into starting an escrow service for art, particularly fursuits.
The main feature is progress payments. the buyer pays the full amount to the service up front; bits get disbursed as work is done.
Fursuit example: 10%/approved drawing, 20%/photos of completed head, 20%/body, 50%/delivery. Or whatever - it's customizable.
The goal is to protect both buyers and artists from flakiness, and professionalize the multimillion-dollar industry generally.
It would use an established escrow provider's services. (Amateur escrow = bad idea, pro escrow = $XX,000 to create.)
The provider's limitations: Payment by wire or cashier's check; minimum $10 fee (so not good for items < ~$200).
My goal is to keep fees under 8%, e.g. $80 on a $1,000 purchase.
QUESTIONS: (1) Would this be useful to you? (2) What concerns do you have? (3) Other comments? Thanks!
(Originally posted on Twitter. Reply here or there: https://twitter.com/JackNewhorse/st.....94149024391168 .)
The main feature is progress payments. the buyer pays the full amount to the service up front; bits get disbursed as work is done.
Fursuit example: 10%/approved drawing, 20%/photos of completed head, 20%/body, 50%/delivery. Or whatever - it's customizable.
The goal is to protect both buyers and artists from flakiness, and professionalize the multimillion-dollar industry generally.
It would use an established escrow provider's services. (Amateur escrow = bad idea, pro escrow = $XX,000 to create.)
The provider's limitations: Payment by wire or cashier's check; minimum $10 fee (so not good for items < ~$200).
My goal is to keep fees under 8%, e.g. $80 on a $1,000 purchase.
QUESTIONS: (1) Would this be useful to you? (2) What concerns do you have? (3) Other comments? Thanks!
(Originally posted on Twitter. Reply here or there: https://twitter.com/JackNewhorse/st.....94149024391168 .)
