CREATE NEW ESCROW

The buyer's wallet address. This person will SEND the funds to the escrow and must approve before release.

The seller's wallet address. This person will RECEIVE the funds after both parties approve. Must also approve the transaction.

Minimum 0.001 ETH. System reserves ~0.006 ETH for gas (all transactions) and deducts 2% platform fee. Seller receives the remainder.

Describe what this escrow is for. This helps both parties remember the agreement and aids AI in dispute resolution if needed.

MANAGE ESCROW

Enter the escrow ID provided when the escrow was created (starts with ESC-).

PLATFORM INFORMATION

HOW ESCROW WORKS

An escrow is a secure middleman service that holds funds until both parties fulfill their agreement. Think of it like a neutral vault that protects both the buyer and seller.

STEP-BY-STEP PROCESS

  1. Create Escrow: Either party enters buyer address, seller address, and amount. A unique escrow wallet is instantly generated.
  2. Buyer Funds: The buyer sends the agreed ETH amount to the escrow wallet address (paying their own gas to send it). Funds are now locked and safe.
  3. Seller Delivers: The seller provides the goods or services as agreed. The funds remain locked during this time.
  4. Both Approve: Once satisfied, both the buyer AND seller must approve the transaction (each pays gas for their approval signature).
  5. Automatic Release: When both approve, the escrow wallet automatically sends funds: 2% to platform, remaining balance to seller. Gas for these transactions comes from the escrow balance.
  6. Dispute Resolution: If something goes wrong, either party can file a dispute. AI reviews all evidence and decides who gets what percentage.

WHO PAYS WHAT?

  • Buyer: Sends the full escrow amount (pays gas from their wallet for the initial funding transaction). No other fees.
  • Seller: Receives approximately 97-98% of the escrow amount. The deductions are: 2% platform fee, gas costs for releasing funds (typically $2-10 USD depending on network), and a small buffer for safety.
  • Gas for Release: When both parties approve, the escrow wallet automatically sends 2% to platform, then sends the remaining balance to the seller. Gas costs for these two transactions are deducted from the escrow balance before calculating what the seller receives.
  • Approval Gas: Each party (buyer and seller) pays their own gas to approve the transaction from their wallet. This is typically $1-5 USD depending on network congestion.
  • Platform Fee: Exactly 2% of the original escrow amount goes to the platform. This fee is only charged once when funds are released.

WHY USE ESCROW?

  • Trust: Don't trust the other party? Escrow holds funds safely until both sides are happy.
  • Protection: Buyer's funds can't be taken without approval. Seller gets paid when they deliver.
  • Fair Disputes: If something goes wrong, AI reviews evidence objectively and splits funds fairly.
  • No Chargebacks: Unlike PayPal or credit cards, blockchain transactions are final - escrow prevents fraud.
  • Both Must Agree: Requires approval from BOTH parties, ensuring neither side can steal funds.

SECURITY FEATURES

  • Each escrow has its own dedicated Ethereum wallet
  • Private keys are securely stored by the platform
  • Both parties must approve before funds are released
  • AI-powered dispute resolution ensures fairness
  • All transactions are on-chain and transparent