Knowledge Base: Escrow

  • How Does Escrow Work in OmniBazaar?

    How can I be sure I will get what I order in the marketplace?

    If the seller is located in the same town or local area, you could make the purchase in person.

    For a transaction with a seller at a larger distance, OmniCoin offers a distributed escrow service for marketplace transactions. The buyer (you) and the seller agree on an escrow agent, based on the agent’s reputation and reliability in the marketplace. The OmniCoin software creates a special type of transaction ("SecureSend") that can only be completed when two of the three parties in the transaction (the buyer, the