Midcontract

The PAYLAX escrow protection guarantees maximum security when conducting transactions among strangers. The seller does not receive the money until the buyer has received and verified the goods or service. The release must be made via the PAYLAX account of the buyer. The buyer cannot withdraw the money without the express consent of the seller. It is not necessary to pass on bank details to the buyer. The buyer can convince himself of the quality before the seller receives the money. The seller does not pay until the buyer has irrevocably deposited the money in the insolvency-protected escrow account. The step-by-step process guarantees fair and transparent handling. Deliberate fraud is excluded, as no goods are delivered or money is paid out without appropriate consideration. A payout or refund of money is only made in agreement between both parties.

Uniscrow creates digital escrow accounts and conditional wallets backed by cryptography and blockchain smart contracts. No intermediaries, just code. Totally secure and absolutely verifiable. It accepts both national currency and cryptocurrency payments. Segregation of funds is mathematically provable. Don't trust, verify. Here’s how it works, as simple as counting to five! 1. As a seller, you prepare the offer and create the escrow. 2. As a buyer, you accept the terms and deposit the funds, either fiat or cryptocurrency. 3. Funds are stored and segregated in a smart contract. 4. As a seller you notify the delivery is done or the milestone reached. 5. As a buyer, you approve the deliverable and unlock the money. The transaction is complete!