Not sure if anyone posted anything like this before but..

I noticed problems of scamming in trades. I wonder if a third party(trusted) is to handle trades, would things really work out and would scamming risks be substantially minimized?

eg. Trader A wants to buy handphone from Trader B. Trader A sends RM$450 to third party first. Trader B confirms that third party has money in hand, and sends handphone to Trader A. Trader A tests out the handphone. If conditions agreed upon are met, third party sends money to Trader B. Else, Trader A gets back his money when Trader B receives back his phone.

Though it still depends on the trusted third party, but maybe those members who had alot of successful trades or "clean record" are interested in taking the job? With commission of course, though i don't know how much should it be. This method would be more costly though and not suitable for small trades.

Trusted third party could also be listed and stickied.

Sorry if this was posted or discussed before, or was posted in the wrong section as i'm noob. Waiting for your thoughts on this, thanks.

well wat does the 3rd party get from all of this???
discussed b4 jus too messy n time consuming to be applied

money from one or both party as fees?

Izzit fair to the seller if buyer intend to ffk after receive his order and return the item purposely in order to get money refund from 3rd party??

This post has been edited by yehlai: Mar 3 2007, 02:27 AM

have trade like that ka? can?

i don think it's appropriate to use such a method in LYN. it's not so nice...

It can be implemented, but who will want to take the hassle and trouble to become the 3rd party. And another thing, what if the third party runs away?

Something like that safe trade thing they have in lelong.com i think (can't remember how it goes exactly)

Been suggested before, but yeah in order to implement this you'll need the 3rd party guy to charge a fee (who's gonna do it for free?)
Then there's the problem of who can actually be trusted to be the 3rd party, nice opportunity to scam someone without them even seeing it coming

If you feel the need to and have the determination to set something up like this we could allow and try to help out, but i personally am too lazy to be 1 of the 3rd party guys

Perhaps LowYat.NET shud open a new online trading company like Lelong?

check out chowsc's thread. http://forum.lowyat.net/topic/166657

if you need someone to cod for you, i'm sure he can do that.

Thanks bro. for recommending me



Yeah guys ^^ I am doing the third party service job maybe you guys can have a try (The service's coverage may go outside of Lowyat Net or Lowyat Plaza. )
So just keep my contacting details or save my thread, in case you need anything in the near future

This post has been edited by chowsc: May 21 2007, 11:09 PM

Third party can decide whether or not both of them have fulfilled obligations. Someone has to decide anyway.