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Bitcoin Escrow

As much as we love Bitcoin, there is a problem with it if you are a buyer of goods or services:

All transactions are final and non-refundable.

That's obviously good for sellers and that's one of the major drivers of the expansion of Bitcoin. But there should be a solution that guarantees delivery to the buyer, while ensuring that the seller gets his due bitcoins.

Our Solution: Bitcoin Escrow

That's obviously good for sellers and that's one of the major drivers of the expansion of Bitcoin. But there should be a solution that guarantees delivery to the buyer, while ensuring that the seller gets his due bitcoins.

  • A Seller and a Buyer want to use Bitcoin for a transaction.
  • The seller wants proof of funds from the Buyer before he delivers the service or product.
  • The Buyer deposits the needed Bitcoins and doesn't release them until to the seller before delivery.

Our Bitcoin Escrow service is the best solution when:

 

Bitspend's Escrow service solves all this.

  1. The buyer deposits the needed Bitcoins with Bitspend.net
  2. The seller is notified about the deposit
  3. Seller delivers
    1. If the buyer accepts delivery, Bitspend releases the funds.
    2. If there is no agreement about the delivery, Bitspend will try to mediate between the sides to reach an agreement.
    3. If, after mediation, the parties did not reach an agreement, Bitspend will decide the fate of funds based on proof submitted by both parties.