The mechanism
Payment and release are two halves of one event. A half-finished sale is not a state this can be in.
Both legs, or neither
Payment moves to the seller
Release moves to the buyer
Both, at the same instant
One without the other is not a state this can be in
Not an escrow holding funds in the middle, but a settlement where a half-completed outcome does not exist to be argued about.
01
Both sides commit
The buyer commits the payment and the seller commits the release. Neither has parted with anything yet.
02
The settlement runs
Both legs execute together. There is no ordering to argue about because there is no ordering.
03
Or nothing happens
If either side does not commit, the arrangement expires and both are exactly where they started.
Nobody takes custody in between. That is the difference between this and every escrow, and it is the whole reason to build it this way.
Payment and release are two halves of one event. A half-finished sale is not a state this can be in.
Have you walked away from a sale because somebody had to go first?
neitherfirst@neitherfirst.site
Neither First does not
- Hold funds at any point
- Take custody of goods
- List, sell or advertise anything
- Charge a percentage of a sale
- Judge who was right when a deal goes wrong