How it works

Secure your deal in minutes with our transparent 3-step protocol.

Secure Service Escrow on Binance Smart Chain

Welcome to Escrowolf. We leverage Blockchain technology and Smart Contracts on the Binance Smart Chain (BSC) to ensure that neither the Buyer nor the Seller is ever at risk. Our 4-step process ensures transparency and total control over your funds.

🛡️ The 4-Step Protection Process

  1. Creation (Seller): The Seller creates a digital contract (Order ID) with the agreed USDT amount and the Buyer’s specific wallet address.

  2. Securing Funds (Buyer): The Buyer locks the USDT into the Escrow Vault. The Smart Contract holds the funds securely—they are no longer with the buyer, but not yet with the seller.

  3. Service Delivery: Once the status is "Secured", the Seller can safely provide the service, knowing the payment is guaranteed and verified by the blockchain.

  4. Final Settlement: After the service is delivered, the Buyer clicks "Release" to pay the seller, or "Refund" if the deal is cancelled.

📋 Prerequisites

Before starting, ensure you have:

  • Crypto Wallet: MetaMask, Trust Wallet, or similar.

  • Network: Connected to Binance Smart Chain (BSC).

  • Balances: USDT (BEP-20) for the payment and a small amount of BNB ($2–$5) for network gas fees.

⏳ Timers & Security Windows

  • 3 Days (Awaiting Payment): Once created, the Buyer has 72 hours to secure the funds. After this, the order expires.

  • 30 Days (Service Protection): Once funds are secured, they are protected in the vault for 30 days. Delivery and release must happen within this window.

💼 Step-by-Step Guide

Part 1: For Sellers (Initiating the Deal)

  1. Create Order: Go to the Seller Panel.

  2. Details: Enter the Buyer’s exact wallet address and the USDT amount.

  3. Confirm: Click "Create Order" and confirm the small BNB gas fee in your wallet.

  4. Share ID: Send the generated Order ID (e.g., #15) to your client.

Part 2: For Buyers (Locking the Payment)

Input the Order ID in the Buyer Panel. Our Smart Button will guide you:

  • New Users (2 Clicks): * Click 1 (Yellow): "Approve USDT" (Authorizes the contract).

    • Click 2 (Green): "Fund & Secure Order" (Transfers USDT to the vault).

  • Returning Users (1 Click): Click the Green button to secure funds instantly.

Part 3: Managing the Transaction

Track everything in the My Transactions dashboard:

  • 🟡 Awaiting Payment: Seller created the order; Buyer hasn't paid. (Do not start work yet!)

  • 🟢 Secured: Funds are in the Smart Contract. (Safe to provide service).

  • ⚪ Completed: Funds released to Seller.

  • ⚪ Closed: Order refunded or cancelled.

🤝 Settlement: Release or Refund

The Buyer holds the "key" to the vault in the dashboard:

  • ✅ Release Funds: Use this once the service is delivered. The Smart Contract instantly pays the Seller.

  • ↩️ Refund: If the deal is cancelled or the service isn't delivered, the Buyer can retrieve the USDT back to their wallet.