Unlike other sites, we do not hold client's money or anyone's money except our own. We just want to provide a platform for our clients to get competitive rates and exclude ourselves from the transaction side. Therefore, clients must understand that they will be dealing with people or banks who will take their deposits, just like any ordinary cause of business, caution is required. You should always have a good contract if you are lending/depositing to non-financial institutions. You should be careful when dealing with individuals who offered unsustainable rates. If they are not in your state, then you should not deal with them. Do not deposit/lend more than $5000 as this is the probably the maximum amount you can claim in a small claims court should borrower defaults, for banks check out their FDIC status. If you are lending to strangers, you should check their identity, do a pipl.com search, paypal search, bank search (deposit a penny into their account) and ebay or amazon search. Give them a call and ask whatever documents you need to verify their status. If you lend money to someone living in your city, then the risk is even lower as you can check them out in person or have a skype video (record the video for goodness sake). I do not have the resources to implement all these features in depositoffer but suffice to say, this is still experimental.
