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Overview Escrows By enabling buyers and sellers to select a third party escrow to settle conflicts, risk is lowered for all parties. Escrows compete with each other, causing them to strive to offer better and more specialized services, at lower costs, leading to more reliable and cheaper ways to settle complex disputes. Escrow contracts can also be designed to have no fee or a low fee in case disputes do not arise, but a higher fee if the buyer or seller opens a dispute, meaning that smooth transactions become more affordable than existing alternatives.

1. Buyer – The buyer is buying a product or a service from the seller and paying with Optis.

1. Seller – The seller provides a service or product to the buyer in exchange for Optis.

1. Escrow Contract– The buyer sends their Optis to an escrow contract, which stores the Optis until the buyer releases it to the seller, the seller refunds it to the buyer, or either the buyer or seller opens a dispute and the escrow distributes the Optis between the buyer and the seller.

1. Escrow – The escrow settles any dispute by deciding how the Optis in the Optis contract should be distributed fairly. In return, the Escrow receives some Optis for their services, the amount of which needs to be decided before the contract is made.