An escrow is a financial arrangement where a third party regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow which is only released when all the terms of an agreement are met as overseen by the escrow company. Escrows are very useful in the case of a transaction where a large amount money is involved, in case where there are a certain number of obligations that need to be fulfilled before a payment is released, and especially in case of making a payment using cryptocurrencies which is usually irrevocable. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, ESCRYPTO provides online escrow services. While the payment is 'in escrow,' the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers. Blockchain Escrow When you make a transaction using ESCRYPTO, your funds are held on the secured blockchain until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud or wrongly described goods.