someone explain escrow to me like I have not read a paper in years
someone explain escrow to me like I have not read a paper in years — that is what I am asking, and I have already read the wiki twice.
A test transaction costs one extra network fee and verifies the address, the network and the recipient’s crediting process before the main amount moves.
Rate quotes expire because the underlying rate moves. A short expiry is ordinary; urgency about your decision is a separate signal and should be read separately.
Sent a test amount first on a large order. Cost me a fraction of a percent and I have done it every time since.
Tell me where this is wrong. That is the useful part of posting it.
best — the order this archive was captured in
What is and is not the supplier’s fault, since this board generates unfair complaints.
Not theirs: the network fee, chain congestion, confirmation time, the rate moving between quote and send, and a payment sent on the wrong chain. Theirs: which networks they accept, how quickly they credit a confirmed payment, and whether the address they gave you was correct and communicated clearly.
Keeping those columns separate makes the reports here far more useful. A thread titled "supplier took my payment" that turns out to describe forty minutes of unconfirmed transaction helps nobody and follows people around for years.
[deleted]
Push back: an unconfirmed transaction is not a missing payment. Wait for confirmations before escalating.
Was there a memo or tag requirement on that chain?
Confirmation took forty minutes on a busy evening and I had already written half an angry message. Deleted it.
Not convinced. That fee is the network fee at that hour, and it has nothing to do with the supplier.
screenshot the transaction hash, not the wallet balance
A token symbol identifies an asset, not a network. The same symbol commonly exists on several chains with incompatible address formats, and sending across that boundary is generally unrecoverable.
Not convinced.
Agreed — and the hash is the receipt. Nothing else is.
the supplier cannot reverse it and neither can you
nobody legitimate needs the payment in the next ten minutes
Yes — the same token symbol on two chains catches people constantly and it is unrecoverable.
Careful, that address format belongs to a different chain and sending to it would not end well.
The sequence that makes this boring, which is the goal.
Ask which networks are accepted before you order. Pick the one with a sensible fee at that hour. Paste the address rather than typing it and verify the first and last several characters. Check whether the chain requires a memo. Send a test amount if the total is large. Wait for confirmations before treating anything as done. Save the transaction hash with the order reference.
Seven steps, most of them seconds long, and between them they eliminate every failure mode that gets posted on this board.
the memo field matters on the chains that use one
Memo requirements are chain-specific. The chain you are describing does not use one.
- 1Not convinced. That fee is the network fee at that hour, and it has nothing…7 comments in this branch · started by u/milan_chukwu