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Artists & buyers, your opinion needed!
7 years ago
General
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 .)
