Step 1: Buyer and Seller Agree on a Price
A buyer and a seller start contact each other on an online classifieds site. They agree on a price and would like to trade secure using BitcoinEscrowLtd. The seller kick starts the process by logging into BitcoinEscrowLtd. The buyer is notified via e-mail and sent a unique transaction number.
Step 2: Buyer Pays BitcoinEscrowLtd.
The buyer logs in and finds the item using the unique transaction number. The buyer pays the agreed amount (including our cheap as chips courier fees) and BitcoinEscrowLtd. keeps the money safe and secure. A notification is sent to the seller to tell him that the buyer’s payment has been reserved. The seller logs in, prints the waybill and waits for collection.
Step 3: Seller verified payment and delivers order.
The courier collects during office hours and gets the parcel on its way to the buyer.
Step 4: Buyer Inspects Goods Once Arrived
On delivery, the buyer opens the parcel and checks the item. She accepts or rejects it.
Step 5: BitcoinEscrowLtd. Releases Money to Seller When Accepted
If accepted, BitcoinEscrowLtd. releases the reserved payment to the seller – minus our miniscule fees. If rejected, the courier simply returns it to the seller and the buyer’s reserved payment is refunded in full. Terms & Conditions apply.
Screenshots from BitcoinEscrowLtd. Transaction Menu :
