I think this issue is very significant these days, with the boom of outsourcing and remote freelance work. For scenarios with no down payment requirement, there's no guarantee the service provider will receive payment at all (and no guarantee the rest of the payment will be paid for the down payment scenario either). And for scenarios where a down payment (or full payment) is paid, there's no guarantee the service will ever be delivered to the requester. And how about scenarios where the wrong service was delivered? And how about if the service provider and requester are not in the same country (how do you go about taking legal action)?
I am a co-founder of a nascent third party payments aggregator (TPPA) called PayGuard. We are currently building our Beta, but our system specifically targets such scenarios. And with such capability, our system inherently solves the same issues with material products as well (a market PayPal currently dominates, though it does so extremely unsatisfactorily).
I am a co-founder of a nascent third party payments aggregator (TPPA) called PayGuard. We are currently building our Beta, but our system specifically targets such scenarios. And with such capability, our system inherently solves the same issues with material products as well (a market PayPal currently dominates, though it does so extremely unsatisfactorily).