Post
Topic
Board Beginners & Help
Re: what is escrow?
by
harlenadler
on 22/05/2014, 21:42:35 UTC
i here people say they will trade with escrow and so on but not sure what it means?

i am new to the forum sorry if its stupid question Cheesy

https://www.google.com/search?q=definition+escrow&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&channel=sb

Basically a third party holds one party's assets until that party has confirmed receipt of payment.

So Party A sends to escrow. Party B sends to Party A. Party A approves release of escrow. Escrow sends to Party B.