How It Works
How Lotus Escrow Works
The trade begins when a buyer selects an appealing offer. As soon as this happens, the vendor's wallet's bitcoins are instantly sent to escrow, where they will be kept until the deal is finished.
Create an Account
That is the initial point. To utilise our escrow service, you must first create an account.
Verify your Email Address
To finish the account registration procedure, check your email.
KYC Verification
Login into your Lotus Escrow account, Complete KYC Verification.
Terms Agreement
The buyer and seller agrees on the set price and the terms of transaction.
Set The Terms
Both Parties will be invited on telegram for Trade discussion with the desk manager.
Wait For Acceptance
Your partner can either accept or decline the transaction. If they accept, the buyer can make payments.
Ongoing Transaction
The payment will be transferred to the seller's account as soon as it has been validated on the business blockchain so that the seller may confirm the payment.
Wait For Partner to Finish Task
The seller will deliver the product to Lotus Escrow, once received then seller can withdraw payment before the product is delivered to the buyer.
Completion and Review
After both parties have confirmed the assets, please write a review! And rate us to help us improve and satisfy our customers better
The challenge of Cryptocurrency Escrow
Using the cryptocurrency of purchase, past buyers typically deny receiving it. The majority of them complain about providing the erroneous cryptocurrency wallet address, which causes the escrow transaction to get stuck in an endless loop of returning or holding the funds for more research.
We're Trustworthy Secure
In order to make transactions safe for both the buyer and the seller while dealing with strangers, you also need an escrow like Corner Stone Escrow to verify the legal documentation and identity of both transaction partners.
