First Stage
Create a transaction
Escrow is property held in trust by a neutral party in a transaction to be turned over upon fulfilment of an agreement or contract. An escrow account is simply a bank account overseen by a neutral third party; usually associated with high-value purchases.
As a neutral third party, the escrow company works to keep honest people honest and ensure that both parties can complete the transaction with much greater confidence than a money order or personal check. The buyer can transfer in the funds for the purchase knowing that it will be held in trust until they give the green light. The seller knows that the funds are available as soon as they provide the vehicle or goods to the buyer. The escrow company also has the ability to release partial funds to help with things like transportation or repair costs prior to the buyer receiving their purchase.
Create a transaction
DeluxTrust releases the funds to seller
Both parties agree to conditions
Buyer verifies delivery of goods
Fund the transaction with DeluxTrust
Seller delivers goods & requests payment