What is Escrow?
An escrow is an arrangement between two parties where a third-party (in this case, any third party that you can choose) which holds payment of the funds (in Bitcoins or other Crypto) required to complete a transaction. It is secure as funds are kept with the third-party until all of the terms of a transaction are met.
The escrow protects both the seller and the buyer as they will only step in if there are issues with the transaction, such as transferflux or you don’t respect the terms of the transaction negotiated.
pen up a dispute with the transaction. In general almost all (98%) of the transactions on transferflux are completed without a dispute but this is something necessary if the terms changes or if you are uncomfortable with the transaction.
What escrow services we offer.
We offer a variety of services, since buyer and seller are usually located in different countries we prefer to deal in Cryptocurrency as this makes the procedure more efficient and most importantly fast.
We have dealt with Paypal in the past but specifically for larger accounts the service tends to create problems, Crypto transactions are easy and final, no one needs authorization from anyone to send or receive payments.
Do to the risky nature of Cryptocurrency for both the buyer or the seller we only transact using an escrow services, there are countless services out there and you can request any specific one if you prefer but we generally recommend the following:
Chainpals bring in the solution to that very problem where people can rely upon Chainpals to secure their payment with the help of Smart contract and escrow services. On the other hand, the recipient has the peace of mind of getting the payment which is backed by a smart contract and escrow.
Coinsavr provides a safe bitcoin escrow service for your transactions. Start a transaction, lock BTC in escrow, and both parties are safe.
Bitify is the world’s largest Bitcoin and Litecoin Marketplace and Auction site. They have a bitcoin escrow service allows users to transact securely.
Bitify PTY LTD is an Australian registered company. We are based in Australia, but offer a worldwide service with majority of our customers in the United States, European Union and South East Asia.
They support of our users, both buyers and sellers, has been awesome over the years and we’d like to thank you for that!
Can I get my account back after I sell it?
All operations are final and once you’ve sold the account, you cannot get it back unless you negotiate directly with the new owner, we can possibly help since we would maintain the buyer records ourselves.