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Get Preorders Using Escrow?

    • 7 posts
    November 26, 2012 11:58 AM EST

    I'm developing an electronics product which will cost around $60,000 to design. 

    I would like distributors to pre-order a certain quantity and leave funds in an escrow account. Is this do-able? It seems like a good idea, but I haven't heard much about it online. 

    If I get funds in an escrow account, that will attract investors on my side and allow me to make the product.