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How Onion Escrow Works: Step-by-Step Guide

1. Initiating the Transaction


  • Buyer and Seller Agreement: The buyer and seller agree on the terms of the transaction, including the product or service, price, and shipping details.

  • Escrow Initiation: The buyer or seller visits the Onion Escrow Escrow platform and initiates the escrow process by providing the transaction details.

2. Deposit Funds in Escrow

  • Buyer Deposits Funds: The buyer deposits the agreed-upon amount into the escrow account. Onion Escrow Escrow securely holds these funds until all conditions are met.

  • Multisignature Wallet: The funds are stored in a multisignature wallet, requiring approval from both the buyer and seller before they can be released.

3. Seller Ships the Product or Delivers the Service

  • Shipping or Service Delivery: Once the funds are confirmed in escrow, the seller ships the product or provides the service to the buyer. Tracking information or proof of delivery is typically provided.

4. Buyer Confirms Receipt

  • Inspection Period: Upon receiving the product or service, the buyer has a set period to inspect and ensure it meets the agreed-upon terms.
  • Approval or Dispute: If the buyer is satisfied, they approve the transaction. If not, they can open a dispute.

5. Release of Funds

  • Approval of Funds Release: Once the buyer confirms satisfaction, the escrow service releases the funds to the seller. This stage ensures that the seller is paid only when the buyer is fully satisfied with the transaction.

6. Dispute Resolution (if necessary)

  • Open a Dispute: If there is an issue, either party can initiate a dispute. Onion  Escrow steps in to mediate and resolve the issue based on the agreed terms.
  • Resolution: The dispute is resolved, and funds are either released to the seller or returned to the buyer, depending on the outcome.

7. Transaction Completion

  • Final Confirmation: The transaction is marked as complete, and both parties can leave feedback. The escrow process is closed, ensuring a safe, secure, and anonymous transaction for both buyer and seller.

Key Features:

  • Security: Funds are securely held in a multi-signature wallet until all parties are satisfied.
  • Anonymity: All transactions are conducted with full confidentiality, protecting your identity and details.
  • Reliability: Our platform ensures that all transactions are conducted fairly and transparently.
  • Protection: Both buyers and sellers are protected throughout the process, ensuring trust and satisfaction.

With these steps, Onion Escrow makes it easy to complete transactions safely, securely, and with peace of mind.

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