Bitcoin Escrow Script :
Escrow is a financial arrangement between two parties, where a third party mediates and control the transaction with secure hands. Initially the buyer and seller need to sign an agreement. And the transactions will be held only after checking whether the requirements are meet each other.
Escrow is a financial arrangement between two parties, where a third party mediates and control the transaction with secure hands. Initially the buyer and seller need to sign an agreement. And the transactions will be held only after checking whether the requirements are meet each other.
Secured Transaction payment System:
Once you have marked the payment is made. Then the seller can not able to cancel the transaction, only the buyer can do this. But the main important thing is buyer has to double check where the escrow account is funded with bitcoin or not . If the seller didnot release bitcoin after the payment then He will be imposed to pay an amount for delay.
Transaction Time for Trading:
The first thing you have to check “escrow account has to be funded”. Bitcoins have to taken out of sellers wallet and to store in a buyers wallet. bitCoins will be released only after checking the payment system. And if all security aspects is okay, then the bitcoins will be released to the buyer's wallet. It will take a few mins deduct the coins from sellers wallet. That's it.
Transaction Time for Trading:
The first thing you have to check “escrow account has to be funded”. Bitcoins have to taken out of sellers wallet and to store in a buyers wallet. bitCoins will be released only after checking the payment system. And if all security aspects is okay, then the bitcoins will be released to the buyer's wallet. It will take a few mins deduct the coins from sellers wallet. That's it.
Something Goes Wrong In Trading..? What Will Happen?
If anything goes wrong, escrow system admin will step in and mediates the trade. Buyer & seller are feel free to contact the escrow party & raise dispute resolution to ask about the transaction details.
Bitcoin Escrow Application? Possible for Bitcoin Trading Website..?
Coinjoker provides a secured escrow script to start a bitcoin escrow application. The admin of the escrow website can collect a fee from both the buyer and seller for every successful transaction.
Give a try with our advance escrow script and enjoy trading..!!
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