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What is a Middleman?
- A reliable individual who holds funds during a transaction to ensure that neither the buyer nor the seller can scam the other.
How does a deal work?
The process may vary slightly depending on what is being bought or sold, but the Middleman will guide you through it. Generally, the steps are as follows:
1. A member contacts the middleman, who then sends them a group link.
2. In the group, the members outline the deal, specifying what is being sold, the price, and the type of cryptocurrency involved.
3. The middleman provides their crypto address, including the total amount and the middleman fee.
4. The buyer transfers the funds to the middleman.
5. The middleman confirms receipt of the funds. The seller then delivers the item, account, or service to the buyer. In some instances, it may be delivered to the middleman first.
6. Once the buyer has received their item, account, or service and confirms it, the middleman releases the funds to the seller.
7. If any disputes arise, the middleman will allow time for resolution or step in to resolve the issue.
What payments can middlemen hold?
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How much does the service cost?
Who pays the Middleman fee?
How long does a MM take to respond?
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@YenMiddleman Terms of Service
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