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Internet escrow has been around since the beginning of Internet auctions and commerce. It was one of the many developments that allowed for trust to be established in the online sphere. Internet escrow works by placing money in the control of an independent and licensed third party in order to protect both buyer and seller in a transaction. When both parties verify the transaction has been completed per terms set, the money is released. If at any point there is a dispute between the parties in the transaction, the process moves along to dispute resolution. The outcome of the dispute resolution process will decide what happens to money in escrow.
1. Seller provides a buyer with a BTC wallet
2. Buyer start an escrow transaction and transfer funds to an escrow account
3. Seller sends item(s)
4. Inspection period begins when buyer receives item(s)
5. Bitcoins are released to seller after the expiration of the inspection period or a dispute is started
Managers of this service are not telepathists. Please, stay in touch with escrow crew regarding your escrow session and timely send a request to refund money or transfer it to the seller. If you want to save your money, ALWAYS email us the status of your deal (whether you received the product or not etc.)