Bitcoin Forum

Other => Off-topic => Topic started by: waterpile on June 26, 2014, 12:03:02 AM



Title: How does escrow works?
Post by: waterpile on June 26, 2014, 12:03:02 AM
is there someone bored or have a free time to briefly explain it to me. thanks


Title: Re: How does escrow works?
Post by: AirC on June 26, 2014, 12:19:50 AM
Its just a third party member who holds the funds, until both sides agree.

Heres a perfect example:

www.escrow.com


Title: Re: How does escrow works?
Post by: deebob on June 26, 2014, 01:44:49 AM
Just like the person said above, its usually a trusted member like John K.

Who holds the funds, based on the agreements etc. Then funds are released with the okay sign with the buyer.