Merchants that accept escrow payments with predefined escrow time will have funds locked until the buyer is satisfied with the order, otherwise the funds will be unlocked with a dispute resolution.
Escrow payments system is a secure trust-less mechanism recommended for high value transactions, with the escrow funds of buyer are locked in a smart contract until the certain conditions are met.
With escrow payments system merchants will just need to upload their listings and our smart contract will automatically process the following operations:
After the order is processed by the smart contract and the NFT of the order is generated, the client app will perform the following operations:
To find out how to fulfill pending orders, please refer to Order fulfillment
Funds of the buyer are locked in a smart contract until one of the following conditions are met: