Bitcoin Forum
June 20, 2018, 05:43:40 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How does escrow works?  (Read 460 times)
waterpile
Hero Member
*****
Offline Offline

Activity: 602
Merit: 500


View Profile
June 26, 2014, 12:03:02 AM
 #1

is there someone bored or have a free time to briefly explain it to me. thanks
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
AirC
Full Member
***
Offline Offline

Activity: 137
Merit: 100


View Profile
June 26, 2014, 12:19:50 AM
 #2

Its just a third party member who holds the funds, until both sides agree.

Heres a perfect example:

www.escrow.com
deebob
Full Member
***
Offline Offline

Activity: 124
Merit: 100


View Profile
June 26, 2014, 01:44:49 AM
 #3

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.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!