Escrow payments and how does Bitoff Escrow work?
Typically, an escrow payment involves a third party holding and regulating the payment of funds necessary for two parties involved in a particular transaction. By keeping the amount in a secure account, which is only released after all terms of the agreement have been met, it helps make transactions more secure.
Steps in the Bitoff Escrow payment process:
- The Shopper searches on Bitoff or fills out the forms to add items to their basket from Amazon or eBay or many other online stores
- The shopper can choose whether to pay with Bitcoin or Tether at checkout
- Earners can also choose to pick up orders in BTC or USDT
- The Shopper receives the package in person and confirms delivery
- Bitoff transfers bitcoin/tether to Earner's wallet
Now the transaction is complete - safely and securely!
Updated on: 17/05/2023
Thank you!