Why doesn’t PayPal offer an escrow service?

1 September 2005 | 0 Comments

Seems to me like they ought to do this if they don't already...they've in the obvious position to mediate the easy transfer of cash using an escrow process...ie. I send cash to your paypal account, but paypal holds this in escrow until I receive the goods. I am the only one who can complete the transfer (when I receive the goods) and the seller is the only one who can cancel the transfer of funds.

Seems like PayPal could also provide a feedback mechanism for transactions outside of eBay. A sound feedback mechanism has to be tied to actual transactions (to prevent fake feedback), and PayPal are again right in the middle of it.

Been thinking through a few ideas recently and keep coming back to these two needs. I am happy to use PayPal as a transaction platform, but it would be even more useful if they offered these features.

Maybe someone can explain to me why they don't do this already. Or do they?

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