About Escrow

What is Escrow?

While traditional escrow service is quite difficult and must be obtained through banks and lawyers, Smartrade provides online escrow services at affordable rates. While the payment is ‘In Escrow’ the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.

An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.

How to use Smartrade Escrow?

1st step: Choose if you are the Buyer or Seller. Enter your basic information, pricing and the counter-party email address ("BTC 0.25 minimum-250,000 maximum per transaction")

2nd step: Enter banking information and BTC or USD refund details

3rd Step: Confirm details, Agree to Terms of Service and send BTC or USD to the Smartrade wallet address provided. (Initiating party will have 3 business days to fill the deposit of USD or BTC)

*When the initial BTC or USD reaches the Smartrade provided escrow wallet address, a link will be sent via email to both parties via the email addresses for the Buyer and Seller that the person initiating the Escrow provided in the 1st step. This is the link needed for the counter-party to complete the trade. They will have 5 business days to fulfill the request. As soon as its filled within the 5 business days, the BTC will be sent to the buyer and the USD to the Seller within hours of Smartrade verifying funds or coin arrival. An email will be sent to both parties with confirmation. If not filled in the allotted 5 business days, the BTC or USD will be returned to the refund wallet address you provided.

Open an Escrow
Step 1 Buttons on top of the form with basic information.
Step 2 & 3 Banking/BTC information, Terms of Service.
Step 3 Confirmation and order details.