At PeerLoot, your security is our top priority. LootGuard is our automated protection system that guarantees every transaction is secure and fair. As the “taker” of an ad—meaning you are the one accepting a trade created by someone else—LootGuard protects you, whether you are buying or selling.
The core principle is simple: LootGuard secures the payment in our escrow system before anyone has to exchange goods. This eliminates the risk for both parties.
Here’s how it works from your perspective as the taker.
Scenario 1: You are the Buyer (Accepting a “Sell Ad”) #
When you find an item you want to buy and accept a seller’s listing, you are the taker. LootGuard protects you in the following ways:
- Funds are Secured in Escrow: When you pay for the item, your funds are not sent directly to the seller. Instead, they are held securely in the LootGuard escrow system.
- Safe Delivery: The seller is notified that your payment is secured, giving them the green light to deliver the items to you in-game.
- You Confirm, We Pay: Only after you have received the items and confirmed that everything is correct does LootGuard release the payment to the seller.
Your Protection: If the seller fails to deliver the items, or if what you receive is not what was described in the listing, you can open a dispute. The funds will remain frozen, and if the issue is resolved in your favor, you will receive a full refund to your PeerLoot wallet. You either get what you paid for, or you get your money back.
Scenario 2: You are the Seller (Accepting a “Buy Ad”) #
When a user posts an ad wanting to buy an item and you decide to sell it to them, you are the taker. LootGuard protects you from any risk of non-payment.
- Payment is Already Secured: Before a “Buy Ad” even becomes active, LootGuard ensures the buyer has already committed the necessary funds to our escrow system. When you accept the ad, you have a 100% guarantee that the payment is waiting for you.
- Safe to Deliver: You can deliver the in-game items with complete confidence, knowing that the funds are already secured and cannot be withdrawn by the buyer.
- Instant Payout: As soon as the buyer confirms they have received the items, LootGuard instantly releases the payment to your PeerLoot wallet.
Your Protection: This system completely protects you from chargebacks or buyers who might otherwise refuse to pay after you’ve already delivered the goods. You will never have to worry about being scammed after completing your end of the deal.
With LootGuard, every transaction on PeerLoot is built on a foundation of trust and security, no matter which side of the trade you’re on.
