Start with your own Bitcoin Escrow services

An escrow is nothing but the financial arrangement which regulates the transaction payments of the funds with the help of third party holding takes place in between the two parties involved in the transactions. By using this escrow services in bitcoin escrow script, you can make your transactions more secure in protecting the payment within a secure escrow account. This happens only when all the terms and regulations got approved based on the agreement provided by escrow.

How does Escrow Work?

As mentioned above, it is a part of third party role accessed while making payment transactions in a decentralized exchange.

Herewith, we will know about the working process of bitcoin escrow script and its process:

CopyEscrow guides to remove the fraudulent activities as a trusted third party that performs the action to collect, hold and disburse funds as if satisfying both the buyer and seller making transaction.

In order to agree the terms, buyer and seller need to get registered to escrow before undergoing transaction. Once registered, all the parties agree to the terms of escrow terms.

At once the buyer pays to escrow system, i.e., buyer accepts and proceed with a payment to the secured escrow account. Escrow verifies and seller receives a notification like funds have been secured safe in an escrow account.

Once the escrow payment verification is done, seller need to send out the commodities to the buyer along with the tracking information. Escrow also verifies that the buyer is reached out with the merchandise.

After the product or asset reached the buyer, some days are set to buyer to inspect the commodities whether to accept it or reject it.

With the confirmation that, merchandise accepted by the buyer, escrow releases the payment of the funds to the seller from the secured escrow account.


Bitcoin escrow script
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