Silk Road forums

Discussion => Newbie discussion => Topic started by: TheDanks on August 10, 2013, 04:25 pm

Title: what is Escrow?
Post by: TheDanks on August 10, 2013, 04:25 pm
im coming down from an insane acid trip right now but someone simply explain what it is/does thx
Title: Re: what is Escrow?
Post by: loveall on August 10, 2013, 04:35 pm
i love acid
Title: Re: what is Escrow?
Post by: loveall on August 10, 2013, 04:36 pm
it si the thing where your btcs go before vendors wallet
Title: Re: what is Escrow?
Post by: loveall on August 10, 2013, 04:38 pm
you btcs stay in escrow for 17 days
Title: Re: what is Escrow?
Post by: loveall on August 10, 2013, 04:40 pm
during this time you can resolve your purchase, if it didnt come or it is fake or etc
Title: Re: what is Escrow?
Post by: loveall on August 10, 2013, 04:41 pm
when you resolve your purchase you tell all the information to resolution center
Title: Re: what is Escrow?
Post by: loveall on August 10, 2013, 04:43 pm
and the resolution center administrators will make a desigion to refund your purchase or not
Title: Re: what is Escrow?
Post by: Arcadameous on August 10, 2013, 08:43 pm
Do you advise Escrow always?
Title: Re: what is Escrow?
Post by: cyberscour on August 10, 2013, 08:49 pm
Escrow holds the currency until you release it to the vendor by finalizing. It prevents vendors from getting the money and not sending anything.
Title: Re: what is Escrow?
Post by: TheDanks on August 10, 2013, 11:14 pm
is Escrow an automatic feature of the silk road, or a third-party app/process