For a buyer, sending money to a seller via anonymous Bitcoin address and hoping to get what was paid for really ends up being an act of faith. If the seller does not ship the product, the buyer doesn't necessarily know who to communicate with, there is no third party payment processor able to provide refunds, and there really is no recourse for the buyer to be made whole again. To solve this we created Escrow Service associated with Escrow Coin(ESCO Coin)( http://escrow-coin.com).
The primary goal of this service is to facilitate reliable, anonymous transactions between buyers and sellers and to promote secure risk free transactions.
Why use our EscrowService?
• Secured collection, storage and distribution of the funds avoiding of unforeseen losses.
• Voting as a way of evaluating.
• Escrow-coin.com is step ahead of the existing escrow services. It allows you to escrow funds in multiple crypto currencies.
• No transaction fee till we do automate system
Process to Escrow
Current: - Manual
Buyers and sellers contact our escrow agent.(Dev/Admin Team Escrow on discord link:- https://discord.gg/ur62rry)
Team to Contact for manual service:-
EscrowCoin#5478
21master#0888
Crypto-6789#1729
Cryptoboss#8927
After Q2:- Automated
We are working on developing automated Escrow Service platform which will be ready by Q2, 2018. You can check the wireframes for the same following link. (https://discord.gg/8qGkvUF)
How it will Work :-
1. Buyer and Seller agree to terms - Either the Buyer or Seller begins a transaction. After registering at Escrow-coin.com, all parties agree to the terms of the transaction.
2. Buyer pays Escrow-coin.com - The Buyer submits a payment by approved payment method to our secure Escrow Account, Escrow-coin.com verifies the payment; the Seller is notified that funds have been secured 'In Escrow'.
3. Seller ships merchandise or provide service to Buyer - Upon payment verification, the Seller is authorised to send the merchandise and submit tracking information.Escrow-coin.com verifies that the Buyer receives.
4. Buyer Accepts - The Buyer has a set number of days as per the terms to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise.
5. Escrow-coin.com pays the Seller - Escrow-coin.com releases funds to the Seller from the Escrow Account.
Find below feedback escrow transaction done by Escrow Coin Team:
