how does it work

EasyEscrow works on basis of smart contracts on the ethereum network. Where in the past for an escrow account, you needed to go to a bank, through our site you can create one as easy as 1,2,3. The if you request an escrow account, a smaart contract on the ethereum blockchain will be created. You have the choice between 2 different kind of escrows. One where you will supply the money in escrow for someone else or one where someone else provides the money for you. If both participants sign off agreeing on payment or return on the money, the funds will be transfered in the way as agreed. if there is a dispute, EasyEscrow will get a notification, so a independent 3rd can look at the dispute. EasyEscrow can transfer the funds as the 3rd party decides.