A company abroad will pay you in USDT for a shipment, or you need to pay one for a supply contract, and the amounts are the kind nobody wires to a stranger. An OTC desk sells you crypto; it does not hold your counterparty's money while they deliver. A bank letter of credit does, but at a cost and a minimum that leave most of these deals out. Business Escrow on iEscrow is built for exactly this gap: a private room for two companies with the funds in escrow and the rules written before anything moves.
What is in the room
- Invitation only. The room is created by one party and the other is invited by username or email. Nothing is public; there is no listing.
- A written agreement. What is being delivered, by when, what counts as done, how the payment is split. It is part of the deal, not a chat.
- Funds held in escrow. The paying company funds the whole amount, once, in the agreed crypto (USDT, USDC or others). The receiving company sees it locked before shipping, delivering or starting.
- Single or milestone release. One release on delivery, or several, each with its percentage, released as each stage is confirmed.
- An arbiter, decided in advance. Either assigned from the start of the deal, or only if a dispute arises. Disputes are decided on the documents, with the reason in writing.
- A record. Every event in the room (funded, milestone declared, released, dispute opened) is timestamped. That is the file both sides keep.
What it does not do
- It does not hold fiat. If both sides pay in dollars by wire, this is not the tool.
- It does not inspect goods. The agreement can make a passed inspection the condition of a milestone; the inspection itself is yours to arrange.
- It does not replace a contract between the companies. It executes the payment part of one.
Fees are a percentage of the deal, by tier, quoted before either side commits. A verified business profile (reviewed by iEscrow) can be attached to a company so the counterparty knows who it is dealing with. See Fees and Business Escrow.