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shazow
@shazow.eth
is anyone building credit card chargeback-style merchant<->consumer escrow? v1: Merchant picks an escrow oracle(s) they work with, consumers can choose to use the escrow for purchases with a small fee (1%ish?). Escrow locks payments for 7-30 days, merchant and escrow provider split the fee if there's no dispute. If there is a dispute (possibly another small fixed fee?), escrow oracle chooses winner. v2: Locked up funds can be converted into yield-bearing stablecoin equivalents (AAVE or whatever). Fees reduced to consumers, yield goes to escrow provider. v3: Locked funds are tokenized (similar to @superfluid), merchant can get risk-adjusted early liquidity from third parties if they need.
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Sam (crazy candle person) ✦
@samantha
Maybe my opinion is too simple, but I spoke to a startup doing exactly this last year, they wanted me to sell candles like this. Usually with credit card analysis, you can see if the risk of chargeback fraud is high, so you can just cancel the order. Yield concept is interesting though, Shopify holds my money for 1-2 days usually and probably earns interest on that HAHA
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shazow
@shazow.eth
All that can be done in the escrow side. Escrow can refuse to work with sketchy merchants or sketchy consumers, or charge higher fees for insurance, or whatever. I'm sure there's a million tweaks to be had, but I think that's the correct "architecture" of interactions.
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