Keyboard shortcuts

Press or to navigate between chapters

Press S or / to search in the book

Press ? to show this help

Press Esc to hide this help

Escrow

A trustless, non-custodial payment safeguard for peer-to-peer and high-value transactions.


Overview

SafePulse Escrow is a trustless, non-custodial onchain escrow service that securely locks funds until both parties meet agreed-upon conditions. Designed for buyers, sellers, freelancers, enterprises, and service providers where trust and protection are critical.

With transparent fees and guaranteed neutrality, SafePulse Escrow eliminates fraud risks and intermediaries — delivering a secure, automated environment for global payments of any size.


Context & Problem

The Problem

Digital agreements — whether between individuals or businesses — frequently face:

  • Payment fraud
  • Delivery disputes
  • Chargebacks
  • Unenforceable promises
  • Lack of trusted middlemen
  • High cost of middlemen
  • No protection for large-value deals
  • Opaque transaction processes

Centralized escrow alternatives exist, but they introduce:

  • High fees (often 2–10%+)
  • Custodial risk (fund freezing, loss, shutdowns)
  • Slow and costy dispute resolution
  • Geographic restrictions
  • Risk of platform censorship

For large-value or cross-border transactions, these risks become even more severe.

The Solution

SafePulse Escrow replaces intermediaries with automation, transparency, and cryptography:

  • Smart contracts hold funds securely
  • Neither SafePulse nor any third party can access funds
  • Status is always transparent to both parties
  • Options for rollback, cancellation, and freeze under safe conditions and only by parties

This makes it suitable for everything from small digital engagements to high-value deals.


Use Cases

1. High-Value Transactions

Manufacturing orders, consulting retainers, licensing fees

  • Securely holds large sums
  • Prevents fraud or late delivery

2. Freelance / Gig Work

Design, development, marketing, writing, auditing

  • Client deposits funds in escrow
  • Freelancer completes work
  • Payment released on approval

3. P2P Item Purchases

High-value goods, collectibles, hardware, digital assets

  • Buyer locks payment
  • Seller delivers
  • Buyer verifies and releases

4. Deposits, Rentals, Prepayments

Real estate, equipment rentals, agency pre-bookings

  • Supports refundable deposits
  • Automatically rolls back if conditions fail

5. Content & Digital Sales

  • Protects both sellers and buyers

Key Features

1. Trustless, Non-Custodial Fund Holding

Funds are locked in smart contracts — not controlled by SafePulse or any third party.

2. Safe for High-Value Transactions

Smart contracts guarantee:

  • No third-party access
  • No interference
  • No misappropriation

3. Revocable, Time-Bound, and Rollback Support

Automated safety mechanisms for any agreement size.

4. Simple Fee Structure

  • Flat deposit fee (pays in network native token)
  • 1% withdrawal fee
  • No subscriptions or access token required

Cheaper and safer than centralized escrow — even for high-value deals.

5. Complete Status Transparency

Escrow lifecycle:

  • Open
  • Freeze
  • Release
  • Cancel

Every party always knows the exact state.

6. Wallet-First, On-Device Execution

All actions happen through the SafePulse Wallet — intuitive, secure, and verifiable.


Escrow Lifecycle (Status Guide)

StatusMeaning
Opentoken deposited, waiting for release/freeze/cancel
FreezeFunds locked securely inside smart contract until expiration time
ReleaseFunds released and allow recipient to withdraw
CancelAllow sender/buyer/contractee to refund

Step-by-Step Tutorial

Prerequisites

  • SafePulse Wallet installed
  • Gas tokens available
  • Payment token approved for use

A. Approving Tokens for Escrow

  1. Open the escrow record
  2. Tap Approve Token
  3. Confirm the transaction

Once approved, the deposit can be made.


B. Creating an Escrow Deposit

  1. At organize section onder title of escrow Tap Approve

  2. Enter:

    • Recipient address
    • Amount
    • expiration date
  3. Select network and token

  4. Tap Deposit

  5. Escrow appears in History

  6. Share Deposit DID with your party


C. Releasing or Canceling

Release

Used when obligations are met:

  • Work delivered
  • Product received
  • Agreement fulfilled

User taps Release → Confirm.

Cancel

Used when:

  • Conditions fail
  • Deadlines pass
  • Mutual cancellation occurs

Funds are returned to the sender.


Escrow Contract Status Guide

1. open

Meaning: Funds deposited, escrow active.

  • 🚫 Withdraw
  • ✅ Rollback → allowed 5 days after expiration

2. freeze

Meaning: Escrow blocked.

  • 🚫 Withdraw
  • 🚫 Rollback

3. release

Meaning: Escrow released to seller.

  • ✅ Withdraw (seller)
  • 🚫 Rollback

4. cancel

Meaning: Escrow canceled.

  • 🚫 Withdraw
  • ✅ Rollback (buyer)

Real-World Examples

1. High-Value Contract Payment

$50,000 locked → Developer delivers → Company verifies → Funds released.

2. Hardware Purchase

Buyer deposits → Seller ships → Buyer confirms → Funds released.

3. Security Deposit

Tenant deposits → No issues → Deposit returned upon cancellation.


Benefits

  • Safe for high-value and cross-border payments
  • Non-custodial and censorship-resistant
  • Transparent and automated lifecycle
  • Eliminates fraud and trust issues
  • Simple and predictable costs
  • Integrates with Pledge Contracts and Paywalls

Drawbacks

  • Requires blockchain familiarity
  • Both parties must manage wallets
  • No centralized party can force a resolution