Bitcoin Forum

Need some little infos bout this

An escrow is nothing but a third person holding the funds to complete the transfer of funds when the transaction is done. Generally an escrow is done when a transaction is to be done with a new person. For example you have to give me some money for the work i am going to do. But since you are a new person i recommend you to keep the funds on escrow. So a person with positive trust is hired for the escrow and the funds are transferred to him. Once he gets the funds , i do the work and then the funds are given to me.Basically an escrow is done when there are trust issues.

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. ...
While the payment is 'In Escrow' the transaction can be safely carried out without risk of losing money or merchandise due to fraud.

in brief :

You want to buy something buy you're afraid that you will not get what you buy,
so you use a service as a middle man for your transaction,
he will keep your money and he will send it to your seller when you get what you buy.

Escrow is a trusted middleman.

If you need to have a transaction or you need to buy bitcoins but you do not trust the dealer or seller party then you would need someone highly trusted to send your money to. The seller will send you what you want to buy. At last the escrow will send the money to seller.

Escrow is like a mediator or a third person that protect both buyers and sellers to ensure the transaction that buyer and the seller made. Escrow must be trusted person and usually people using a green trust account in this forum to be an escrow. Some escrow also cost a fee to use their escrow.

An escrow is a third person that are trusted by both users to hold the funds that they are going to trade with each other, as crypto-currency transaction are irreversible, it is always better to get an trusted escrow to hold the funds before trading with strangers on the internet to protect yourself from getting scam.

Using a third person to make the trade for both parties easy and safe its always advised to use a escrow while doing trades so no one gets scammed.
Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction. The funds or assets are held by the escrow agent until it receives the appropriate instructions or until predetermined contractual obligations have been fulfilled. Money, securities, funds, and other assets can all be held in escrow.
http://www.investopedia.com/terms/e/escrow.asp

Escrows are very helpful when trust can not be established between the 2 parties.
 Using the escrow as an intermediary prevents the possibility of scam

The main use of escrow outside of the cryptocurrency world is in the purchase of high-dollar items that have a window between the beginning of the purchase and the final signing of the contract. The best example, and the most common use is buying a house. Let's say that you're buying a nice little $100,000 house, obviously you're not paying cash, so the bank has approved you for $100,000 loan. The company that you buy the house from has a long process to have to go through that can take anywhere from a couple of days to a week to actually get the entire sale completed. Some of the things can actually change during this process and the sale might fail at some point, there may be a change Credit One of the buyers or the company itself may find a reason to deny the buyer or the buyers themselves they change mind.

Escrows are people who are taking time to make sure your deal will be safe. He's the one that ensures both parties are in the right person to let their transaction smoothly. It's another term for the word "middleman" that stands in the middle of your transaction.

On a lighter note, escrow is a process where a third party gets a share of of the business between two entities who cannot trust each other but both trust someone else who has nothing to do with the transaction or the business itself.

Jokes apart, it is escrow service comes very handy during trade between strangers.

The bank has actually electronically satisfied $100,000 for you, probably more like 130 5 or $140,000 to include all the taxes and fees but you get the idea so they have this money set aside for you. Now during this interim process period neither the bank, nor the company that owns the home, has the right to hold those funds. Show the bank transfer them to an escrow company that is bonded and has address to track record.

Escrow is a third party people that trusted buy both seller and buyers if you buy something you dont even know people specialy in here in bitcointalk you can use escrow to hold your payments to make sure that your money is in safe hands and the items you buy is pure as you order

Think of an escrow as a middleman that could range from being a user on this forum to a website somewhere on the net. The way an escrow works is, the buyer sends the cash to the escrow and the seller sends the item to the buyer. When the buyer confirms that the product is working as intended, then he tells the escrow to release the funds to the seller. What this does is prevents either party from taking something and running away. Instead, it makes sure the deal works out well, making escrow something that you should utilize.

Hey there is many threads created with in a month of the time in the section to query escrow and how it will be work towards us. Find a sthread or else let him identify by his own. This gives the way to spam in the reputed section like this.

Escrow is just like a middle man who manage the deal with 2 parties  he can hold the payment and the product or services before he can give the payment to others after done doing the service or done giving the product. those are escrow that i think only trusted can be an escrow if you are seen high trust rating here those are i think can be use as a good escrow ..
Check this thread https://bitcointalk.org/index.php?topic=855778.0
You can see the the big 3 there are the trusted escrow if you are dealing high amount or huge transaction you can use those the big 3 escrow..

So many repetition on here. Just lock this thread OP or another spammer will be come to post what's escrow meaning again.

The Escrow Company holds the funds and if everything goes well they transfer them to the company that is selling the home and if anything goes wrong they transfer those back to the bank.

There's a variety of reasons for this, most of them don't actually have to do with the bank or the real estate company being untrustworthy, but being the result of scammers that would get approved by the bank for a home loan, and bear in mind that that loan is based on the fact that there will be a house in collateral, and then somewhere between signing the contract by the house and receiving those funds they would find a reason to destroy the deal and if they played their cards right they could end up with all that cash in their hands, so back in the 1970s escrow was created, and that was also a turbulent time for real estate fraud.

This is a great explanation about escrow, an escrow was should be trusted too by the both parties, am i right?

I typed in google - what is escrow.
I was so surprised to see that google has answer to it.
You should try it sometimes.

In a simple way, we can call them as the mediator in between the two parties. In some ICO many owners will not respond to people after raising enough money that's why investors will ask for Escrow the funds until they develop the product.

escrow is trusted old account that user is active and Know his account equal more than 500$ so that you can use this to avoid scams less than rang

It is a scammer's worst nightmare. That's what it is.

With escrow, the chance of a successful scam is significantly reduced.
With escrow, there is a lower risk of being financially raped.

A - B - C

You're either A or C. B is the escrow. The middle man. The mediator. B is what prevents C from scamming A and vice versa.

Using escrow will keep your losses and risks at a minimum.

And using escrow is must before dealing to someone not trusted..
There are people here could be an escrow to help you deal to someone not trusted because most of the scammer are greedy..
There are lots of scammer right now so using escrow can help you to get less risk..

But you have to choose wisely for choosing your escrow because there are also members here that wants to be an escrow but their purpose ia to scam people. So you must choose a well known on this forum especially if you are a newbie on this forum. Because who knows even the most trusted escrow before became scammer.

As i know escrow is the trustworthy third person . That can help us on our transaction in different people for example you want to buy a things and you dont trust the person then you must provide escrow on your transaction but you need to give a tips depends on escrow rate per transact. Sometimes they accept free service  if the transaction is cheap. But you if you need a escrow i suggest to hire with green trust on their profile. Best regards

Escrow should be use for all and any kind of deal, whatever if the person is trusted or not.
Watchout for some new escrower too, they could be scammer who pretending to be trusted escrow.

Screw is the third party person that holds  the funds from the two parties involves in a transaction. In screw the fund from the two parties for the transaction will be safe without losing it until the transaction done.

See here a good example of what an escrow can do.

www.btc.legal

Louis

That's strange because escrow is not something established in and for cryptocurrencies. It used to exist long before that.
It's simply a third party you're asking to participate in the transaction. When I was a kid we used to make deals using escrow without  even knowing it. When we bet on something we'd ask a third guy to be the witness, hold the items and decide who won the bet.

This question asked many time by the many newbies instead going with the creating new thread to know about just they use the search bar available in the forum check the information. Nowadays we see more newbies in the forum and making already created once again. Thats made moderators to delete the post the lock the redundant threads all the time. Hope op would lock to stop unwanted same replies.

It's 'escrow' mate.

Stop promoting your service throughout the entire forum, your website isn't even professional and it's just a plain one that doesn't contain any legal matters. And we don't even know if you are the person on that picture.

You've been spamming the forum with that website together with the other one, stop it.

Escrow is the third party which we can used for transaction online to secure the fund of both parties and they are the one making transaction smoothly transacted specially if we are transacting huge amount of digital coin also they are the one who helps to eliminate the scammers.

Where are you located ? Why don't come to my office and have a coffee ? You will see that I am the guy on the picture....

Exactly, i agree with you, there's so many people post thier knowledge about for what the OP's thread, but the answer is the same, so it's the time to Lock this thread ( like you said ) because spammer come this thread to post, so this thread bump and other people see this topic and post again and again.

all i know escrow is a third person who can help you to prevent those scammers for example you want to buy something online then you have doubts on person or the buyers.  Then you must provide escrow for you transaction to ensure that your money is safe..