EscrowCoin Whitepaper

What is Escrow?
An escrow is a contractual arrangement in which a third party receives and disburses
money or documents for the primary transacting parties, with the disbursement
dependent on conditions agreed to by the transacting parties, or an account established
by a broker for holding funds on behalf of the broker’s principal or some other person
until the consummation or termination of a transaction or, a trust account held in the
borrower’s name to pay obligations.
We can also say that an escrow is a financial arrangement where a third party holds and
regulates payment of the funds required for two parties involved in a given transaction.
It helps make transactions more secure by keeping the payment in a secure escrow
account which is only released when all of the terms of an agreement are met as
overseen by the escrow company.

How does Escrow Work? is step ahead of the existing escrow services. It allows you to escrow
funds in multiple cryptocurrencies. It reduces the risk of fraud by acting as a trusted
third-party that collects, holds and only disburses funds when both Buyers and Sellers are
1. Buyer and Seller agrees to terms – Either the Buyer or Seller begins a transaction.
After registering at, all parties agree to the terms of the
2. Buyer pays – The Buyer submits a payment by approved payment
method to our secure Escrow Account, 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. 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
5. pays the Seller – releases funds to the Seller
from the Escrow Account.

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EscrowCoin Whitepaper