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.
MultiEscrow acts as a secure third-party to protect both Buyer, Seller and your Privacy.
How It Works
- 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.
- Buyer Pays MultiEscrow
The Buyer submits a bitcoin desposit to MultiEscrow and the transaction is verified.
- Seller Ships Goods/Services
Upon deposit verification, the Seller is authorized to ship
merchandise. Buyer may notify Seller directly by providing the Status
Link to MultiEscrow.
- Buyer Accepts the Goods/Services
The Buyer has a set number of days for an inspection and then releases the funds.
- MultiEscrow Pays the Seller
Upon notification from buyer to release the deposit or if the inspection period ends, MultiEscrow pays 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.
- MultiEscrow 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
MultiEscrow verifies the deposit of funds from buyer. A minimum of six
(6) confirmations on the bitcoin network assures verification of payment
from buyer.
Anonymity
- There are no governments laws applicable on our service, is
accepted dispute resolutions for any deals. All communication and data
files what will be used by seller or/and buyer will be permanently
deleted after both parties agreement.