An escrow is a financial arrangement wherein a third party intermediates a trade of any sort between two parties. Through this arrangement the escrow entity, called escrow agent, holds on to the payment made by buyer and oversees that the promised goods or services by the seller are delivered to the buyer. After buyer receives the promised goods or services, the escrow agent transfers the already made payment by the buyer to the seller’s account. So, in an escrow arrangement the buyer and seller do not even need to see each other, yet they can engage in a completely safe and secure financial trade through an escrow system.

What Are the Different Roles in Escrow?

In any escrow arrangement, there are three main roles; seller, buyer, and the escrow agent. Seller is the person who is willing to offer specific goods and/or services to be sold. Buyer is the person who wants to purchase the goods and/or services offered by the seller. Escrow agent is the entity that oversees that the trade is done properly, the seller is compensated fully, and the buyer has received the promised goods and/or services.

Who Are the Escrow Agents?

Escrow agents at Counos Escrow are some people who have been verified by the Counos Escrow platform through some verification and authentication processes. However, Counos Community members can also become escrow agents after some time has passed from their membership and also after they have gained a certain amount of scores.

Escrow Counos | Buy or Sell with OTC Crypto

Q: Why Use Counos Escrow?

By using Counos Escrow, you are guaranteed to be provided with a measure of protection, so you can safely buy and/or sell goods and/or services online. Counos Escrow uses MultiSig (Multisignature) wallet technology, which is a digital wallet that requires three signatures (buyer’s, seller’s, and the escrow agent’s) to release the funds, to guarantee the safety of the buyer’s financial assets and also to guarantee that the seller is fully compensated after the delivery of goods and/or services.

Introducing Counos Escrow Service

Why Use Counos Escrow?

Experience The Highest Security, By Using Multisig Wallet Feature

By using the multisig wallet, Counos Escrow provides a secure way for buyers and sellers to make contracts and engage in trades.

Powerful And Easy-To-Use

Powerful Dashboard

Counos Escrow provides a powerful dashboard to manage contracts and contact the other party directly.

Always Up-To-Date

You will be notified of any change and progress in contract or message from the other party by email and notifications.

How Counos Escrow Works?

An outlook of how Counos Escrow works

Buyer and Seller agree to terms

A contract is created by the buyer or the seller. The other party agrees to contract terms, and as such a contract is created between the two parties.

Buyer submits payment to Counos Escrow

Buyer funds multisig wallet and payment details will be available for the other party as assurance.

Seller delivers goods or services to buyer

Seller delivers goods or services to the buyer, and notifies the buyer of the transaction taken place.

Buyer approves the delivered goods or services

Buyer approves the goods or services that he received from the seller and notifies Counos Escrow of the delivery.

The fund is released to seller

Counos Escrow releases payment to seller and then contract will be completed, after which the two parties can submit feedback about each other.

Make Secure Contract Tutorial

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To use Counos Escrow system, you must have a Counos Account. Click on the link below and create a new account or log in if you already have one.

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To use Counos Escrow system, you must have a Counos Account. Click on the link below and create a new account or log in if you already have one.

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Secure Escrow Transactions

Introducing Counos Escrow Service

Why Use Counos Escrow?

Experience The Highest Security, By Using Multisig Wallet Feature