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Podcast: Business Is Boring
Episode: The old idea that could be the future for trades payments
Description: When a client didn’t pay Max Semmons-Russell’s plumbing business for a completed $30k job it nearly knocked his company over. When it happened again he decided there had to be a better way. Asking around he saw the problem was huge, and there might be a solution that had fallen out of use. Escrow is a concept where people put a payment with a trusted third party until the product or service has been delivered. Max built Green Light Escrow to make it easy for trades businesses to use escrow to have certainty of payment, and customers to k...