Why use an Escrow?

Escrow is a defined process whereby a buyer puts money into the custody of a trusted third party with a guarantee that funds are available for payment to the seller after a specified set of conditions has been met.

Btc-Escrow acts as a secure third-party to protect both Buyer and Seller.

How It Works

  1. Buyer and Seller Agree to Terms
    Prior to starting and escrow, both parties agree to the terms of the transaction which includes a sale price (amount) and description of the goods or services.
  2. Buyer Pays Bitcoin-Escrow
    The Buyer submits a bitcoin desposit to Bitcoin-Escrow wallet and the transaction is verified.(Note:Before submitting a payment send the funds to the escrow wallet:1EG1uGgmhVoxy38kSSDWZAK4U6v1ZTozp8 enter in the description your bitcoin address and the address of the recipient)
  3. Seller Ships Goods/Services
    Upon deposit verification email will be sent, the Seller is authorized to ship merchandise. Buyer may notify Seller directly by providing the Status Link to Bitcoin-Escrow.
  4. Buyer Accepts the Goods/Services
    The Buyer has a set number of days for an inspection and then Bitcoin-Escrow releases the funds.
  5. Bitcoin-Escrow Pays the Seller
    Upon notification from buyer to release the deposit or if the inspection period ends, Bitcoin-Escrow the Seller.
    The transaction is now complete.

Buyer Protection

  • The Seller isn't paid until the Buyer accepts the merchandise, confirms services have been rendered or the inspection period ends without dispute.
  • Bitcoin-Escrow is typically an anonymous service except in the event of a dispute where it may be required for buyer and seller to provide additional information to an arbitrator if both parties are unable to resolve the dispute themselves.

Seller Protection

  • The Seller is authorized to ship/provide service only after Btc-Escrow verifies the deposit of funds from buyer. A minimum of six (6) confirmations on the bitcoin network assures verification of payment from buyer.