Project information
- Category: Web app.
- Project URL: http://escrow.tendollarwriters.com
Project Details.
To use this service you have to sign up first, both the seller and the buyer have to create a transaction when each specifies if they are selling or buying. The amount involved and the expected date the transaction will be completed. Once both have created a transaction, the system will keep remeind them.
Once a transaction has been made, it is considered to be complete when the buyer pays. Later when the seller has played his part and the buyer is confident and sure that the business they did was succesfull, the buyer marks the transaction as succesfull.
After the buyer marks it, the money is made 'Available' for the withdrawal. The money has a 10% deduction, this is split such that the seller pays 5% as well as the buyer.