An escrow payment refers to a transaction wherein funds are stored in an escrow vault before being released to be paid out to the merchant.
In an escrow payment workflow, you can collect payments from your purchasers and hold these securely in a compliant escrow vault. Once goods are received or services are rendered to the purchaser's satisfaction, you can collect any fees you set and release the payment.
To create escrow workflows, simply add the value
1 to the
payment_type when you create an item.
The following workflow shows the stages of an escrow transaction.