What legal procedures/regulations are there associated with offering an escrow service?
Posted February 1st, 2010 by admin 2 Comments »
ufo_josh asked:
I am looking to set up a secure website offering people with Technical Specialities (e.g. Networking, Programming, Website design etc.) to search jobs placed by those in need of the work being done.
I am looking to set up a secure website offering people with Technical Specialities (e.g. Networking, Programming, Website design etc.) to search jobs placed by those in need of the work being done.
The website will ideally have an optional escrow service which will allow the Techie to complete the work whilst knowing they will get paid (if it meets correct standards) and they buyer can place funds into an account knowing that if the work is not satisfactory there is no bill to pay.
I was just wandering what kind of legal requirements, regulations and procedures there were associated with this type of service…
Any help or advice would be brilliant…
Thanks!
Im in the UK by the way….i’m guessing the laws are different depending on the country you trade/live in.