1. It takes 2 times to register an account and the user experience is very bad. The financial person and the borrower, first registered on the platform, and then also in the third-party escrow account registration. In many similar places, the user experience is very poor. For example, a password of 4. Platform: login password, transaction password third-party escrow: login password, transaction password
2. Third party hosting, need to verify the mailbox and mobile phone number. It is acceptable to the financial person. For borrowers, it's a bit of a hassle. A platform that has previously been exposed to an unmanaged mode, the borrower is unified by the platform maintenance. And using a third-party hosting platform, if the borrower is maintained by the platform, difficult, mobile phone number and email verification is difficult. If the borrower's account is maintained by himself, there are also problems, many borrowers do not have a mailbox, and may not even be on the internet. Many platforms, financial people basically go on the line, the borrower or the line, the line down the store to provide information. This time, also let them go to the online verification mailbox and mobile phone number?
3. Increased platform costs. Escrow fees, fees, etc., compared to the network management model, the platform to the third-party hosting institutions to pay more "protection fees."
4. The platform cannot be avoided. For the financial person, the platform opened a third-party funds escrow, and does not guarantee that the platform will not run. Issue false mark, cheat money still can mix past. 5. Third-party custodians are the greatest beneficiaries. A. Various costs, protection fees. B. Capital flow, in control. C. The more user information, the more platforms, the more user information is collected. D. Kidnapping platform. The interface between the platform and the hosting agency is almost completely binding. Want to change a platform, difficult.The 1th year signed the contract, to the 2nd year, the platform had to sign.The cost of data migration is large and the risk is high. E. Collect "protection fee", but do not bear any risk. Whether the platform is running, the revenue will not be affected.point 1:The payment gateway model costs less, the user experience can be better, and the system is also very flexible for a peer-to-peer platform that wants to operate seriously. Once a third-party escrow was used, it was kidnapped. The managed model only adds a bit of cost to the peer platform that wants to run a scam.point 2:Financial people are more concerned about security and profitability. The platform needs to focus not only on security and profitability, but also on the technology upgrades and flexibility of peer-to-peer systems.
There are 5 major flaws in the third-party escrow model, and the custodian is the biggest winner.
