Escrow Wallets and Payment Processing
An Escrow Wallet can be useful in many situations. Skalex has built an escrow payment gateway for cryptocurrencies and NFTs that allow for partial and provably fair economic transactions.
Accept, trade and manage Bitcoin and other crypto by using Skalex payment processing solutions. We will help you to connect via any external payment processing solution and integrate custom payment solutions using cryptocurrencies.
Integrate with the Skalex solution and gain access to a powerful funds management back end for maintaining your crypto assets secure and create ease of payment options.
What is an Escrow Wallet?
An escrow is a financial and legal agreement designed to protect Buyers and Sellers in a transaction. Skalex platform allows for provably economic transactions on multiple levels. You can create custom rules and protections for multiple transaction types using cryptocurrency and digital assets.
An escrow service is a mediator service that keeps the money for a transaction in safekeeping until the Bitcoins are handed over. Escrow protects buyers from fraudulent sellers by requiring the Bitcoin to be deposited up front, before any money changes hands.