That is the first thing. You must have an account to use our escrow service.
Check your email to complete your account registration process.
To start an escrow with someone, you need bitcoins in your account. You need to send bitcoins to your EscrowBtc account from another wallet. EscrowBtc, on top of being an escrow service, is also a bitcoin wallet!
Start a new escrow transaction and provide a time frame, amount, and other information related to the transaction. You must know the username of the Seller/Company on EscrowBtc so that you can start a transaction with them.
You must set the terms that must be met before bitcoins are released. The terms are something that must be completed by your transaction partner before you can release the money.
Your partner can either accept or decline the transaction. If they accept, you can no longer cancel the transaction.
Once they accept, the transaction is considered ongoing. You can no longer cancel the transaction as the money is locked in escrow. Your partner can feel safe knowing that they will receive bitcoins that are locked in escrow after completing this transaction.
Once your partner has finished the task, they can mark it as complete.
Once you have checked and made sure that the task is complete, you can release bitcoins.
If you are not satisfied with the transaction, you can dispute the transaction and a staff member will be assigned to your case to help resolve the dispute.
All is ok?
Transaction has been successfully completed and funds have been transferred to your partner wallet. They can now withdraw funds or use them on more transactions!