How does escrow thing works??? Plzz explain me - page 2.

coinplus

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Escrow acts as intermediate between buyer and seller to virtually enable the charge back or refund. We must look for trust worthy of Escrow. Bitcoin really needs escrow services to help people avoiding scams.

Krang

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Simply put: You send money to escrow. Seller sends item to you. Escrow releases money to seller.

AtheistAKASaneBrain

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Quote from: pjsonowal on September 15, 2015, 10:57:23 AM

can anybody please explain me how the escrow thing works....
Thanks in advance Wink

The escrow works as a mediator that is independent on both parties. The buyer sends the escrow the money, once the escrow has received the money he keeps it until the seller gives you whatever you bought him, then once you receive what you bought the escrow sends your money to the seller. It may vary but this is the basic usage.

RappelzReborn

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