LayerMarket Protocol
  • Welcome
  • Getting Started
    • Quick Links
    • How to use
    • Table of contents
    • Introduction
  • Key Features
    • Seller KYC Verification
    • Comprehensive Marketplace
    • Gasless Product Listings
    • Secure Payment & Escrow
    • Product Verification
    • Dispute Management
    • Search & Reviews
    • Activity Earnings
  • Contracts
    • Fees
    • Products
    • PurchaseEscrow
    • RatingsReviews
    • Treasury
    • Validators
    • Rewards
    • Addresses
  • Expansion Strategy
    • Overview
    • Digital Products
    • Physical Goods
    • Strategic Partnerships
    • Services
  • Utility Token Design
    • Overview
    • Locking
    • Governance
    • Fee Discounts
    • Fee Distribution
    • Exclusive Access
  • Conclusion
    • Overview
  • Support
    • Contact Us
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  1. Key Features

Secure Payment & Escrow

Objective

To ensure safe and satisfactory transactions for all parties involved.

Implementation

We employ industry-standard secure transaction protocols and trusted escrow services to protect both buyers and sellers throughout the purchase process.

Our supported payment types for buyers to purchase seller items include: ETH, USDC, DAI, and GHO.

How it works:

  1. Buyer's funds are held securely in escrow.

  2. Our validators verify the product details, shipping information, and other relevant data.

  3. For digital products: The buyer receives clear instructions on how to access their purchase.

  4. TBA: For physical products: The buyer confirms receipt of valid shipping/tracking information.

  5. Once all conditions are met, funds are released to the seller.

This comprehensive process ensures a fair, transparent, and secure transaction for all parties involved.

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Last updated 10 months ago