TH - Blog Post 50K Mistake
2025-07-163 min read
Payments

He Lost $50,000 with Just a Handshake — Here’s How It Could’ve Been Avoided

When trust turned into a mistake and how it all could’ve been avoided

Tanbir Haque

Tanbir Haque

Money Man at Safepay

You’d think hiring someone from your own community would be the safest move, right? That’s what my brother-in-law thought too.

He had just bought a fixer-upper, the kind of place you walk through and immediately start picturing the dream. New kitchen here, extra room there, backyard BBQs with family and friends. He was pumped.

So when he met a contractor at the local mosque, someone friendly, familiar, and part of the same circle — he didn’t think twice. They chatted, agreed on a budget, and sealed the deal with a handshake. No paperwork, no written contract. Just mutual trust… and a $50,000 deposit.

And then the guy vanished. No follow-up. No responses. No forwarding address. Just gone.

That money? Gone with him. The house? Left gutted and unfinished. My brother-in-law? Heartbroken, humiliated, and $50K lighter.

It was a brutal wake-up call: Trust is great but it’s not a plan.

We see this all the time. People hire based on good vibes or community ties. And honestly? That should be enough. But in the real world, especially when big money is involved, trust needs backup.

Because the truth is: verbal promises don’t pay for new flooring when things go south.

This is where Safepay could’ve changed everything.

If he had used Safepay, here’s what would’ve happened:

  • Verified Identity

    The contractor wouldn’t just be “that guy from the masjid.” His identity would’ve been verified and documented.

  • Escrow Protection

    That $50K? It would’ve stayed safely in escrow until milestones were hit — and approved.

  • Digital Contracts

    No confusion, no crossed wires. Just clear terms, timelines, and deliverables in writing.

  • Dispute Resolution

    If anything did go wrong, Safepay could step in and help resolve it — fast.

Basically, it’s the grown-up version of a handshake but with receipts, protection, and peace of mind.

Trust doesn’t need to be replaced. It just needs a little help.

Safepay isn’t just for when you’re worried about being scammed it’s also for when you really want things to go right. It adds structure to your trust. It keeps everyone accountable, even the people you’d normally “just trust.”

Whether you’re hiring a contractor, a freelancer, or anyone working on your home, business, or life goals, don’t leave it to chance.

My brother-in-law’s story isn’t rare. That’s what makes it so frustrating.

Too many people are losing time, money, and peace of mind because they’re relying on old-school ways to make modern decisions.

So don’t wait to learn the hard way.

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