Daidalos escrow service
Escrow Policy
We want you to shop with confidence and worry less. Our Buyer Protection ensures that your purchases are covered in the event that you encounter a problem.
Daidalos Market Escrow System ensures you will receive your item on time and as described.
How does buyer protection work?
1.All purchases are handled through the Escrow System of the marketplace. Once you submit your purchase, the money will be held in Daidalos Market market Escrow System until you acknowledge satisfactory receipt of the goods. When you receive your item and everything is all right, the vendor will receive payment.
2. If the received good are not satisfactory, you can choose to dispute the transaction and a moderator will look into it. Please dispute only if you have a good reason; changing your mind is not considered an acceptable reason.
3. Please report the Daidalos market Support if the vendor asks for money outside of marketplace, and do not send coins. If you send coins outside our Escrow system, it is entirely at your own risk.
What is Escrow? How Does Escrow Work?
What is Daidalos escrow service?
An escrow is a financial arrangement where a third party holds and 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 account which is only released when all of 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 and a certain number of obligations need to be fulfilled before a payment is released like in the case of a website being built where the buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn’t want to extend a massive amount of work without any assurance that he or she will receive payment. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, Escrow.com provides online escrow services at affordable rates. 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.
How does Escrow Work?
Daidalos escrow reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
- Buyer and Seller agree to terms – Either the Buyer or Seller begins a transaction. , all parties agree to the terms of the transaction.
- Buyer pays Daidalos escrow – The Buyer submits a payment by bitcoin to our secure Escrow Account, Daidalos escrow verifies the payment, the Seller is notified that funds have been secured ‘In Escrow’.
- Seller ships merchandise to Buyer – Upon payment verification, the Seller is authorised to send the merchandise and submit tracking information. Daidalos escrow verifies that the Buyer receives the merchandise.
- Buyer accepts merchandise – The Buyer has a set number of days to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise
- Daidalos escrow pays the Seller – Daidalos escrow releases funds to the Seller from the Escrow Account.
Transaction is complete – safely and securely!
Escrow policy/report vender/request refund
1. All purchases are handled through the Multisig Escrow System of the marketplace. Once you submit your purchase, the money will be held in Daidalos escrow Policy Multisig Escrow System until you acknowledge satisfactory receipt of the goods. When you receive your item and everything is all right, the vendor will receive payment.
2. If the received good are not satisfactory, you can choose to dispute the transaction and a moderator will look into it. Please open dispute only if you have a good reason; changing your mind is not considered an acceptable reason.you can open dispute in support page
3. Please report the Daidalos escrow Policy Support if the vendor asks for money outside of marketplace, and do not send coins. If you send coins outside our Escrow system, it is entirely at your own risk.