Hi, I'm thinking of starting up an escrow site. If anyone has used guru.com, their escrow service is exactly what I'm looking at making (just the escrow part). I really don't have much experience in that kind of thing though.
Has anyone worked on a site like this? If so I would really like to know exactly what is involved in designing a site like this.
A few questions I have...
- Are there companies that will manage the process payments for me? Or would I need to manage all the funds internally?
- Can Mediation/Arbitration be outsourced?
- What are the pros/cons in this business.
- Will I have problems with people's trust just because it's new?
Thanks for any help.
ps: if your interested in working with me on this we can talk.