Documentation

VeriEscrow Documentation

Learn how to use VeriEscrow's non-custodial escrow platform. From creating your first escrow to advanced multi-party transactions.

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Introduction

VeriEscrow is a non-custodial escrow platform that enables secure cryptocurrency transactions between parties using smart contracts. Unlike traditional escrow services, VeriEscrow never holds your funds—they are secured entirely by audited smart contracts on the blockchain.

What is Non-Custodial?

Non-custodial means we never have access to, control over, or custody of your digital assets. Your funds are held exclusively by smart contracts that execute automatically based on predefined conditions. You maintain full control of your private keys at all times.

Key Features

Multi-Party Support

Support for multiple payers and receivers in a single escrow, perfect for complex business transactions.

Milestone Payments

Break large projects into milestones with conditional releases as deliverables are completed.

Decentralized Arbitration

Fair dispute resolution through qualified arbiters with transparent voting.

Multi-Chain Support

Deploy escrows on Ethereum, Polygon, Arbitrum, Optimism, and Base networks.

Use Cases

P2P Transactions

Buy and sell items, services, or digital goods with strangers safely.

Freelance Work

Protect both freelancers and clients with milestone-based payments.

OTC Trading

Large crypto trades with trusted settlement and reduced counterparty risk.

Real Estate

Property deposits and conditional payments with legal compliance.

B2B Agreements

Business contracts with automated payment upon delivery confirmation.

NFT & Digital Assets

Safe exchanges for NFTs, domain names, and digital collectibles.

Quick Start Guide

Get started with VeriEscrow in just 5 minutes. This guide will walk you through creating your first escrow.

Prerequisites

A Web3 wallet (MetaMask, Rainbow, Coinbase Wallet, etc.)
Some cryptocurrency for the escrow amount and gas fees
The wallet address of the other party

Step-by-Step Guide

Connect Your Wallet

Click the 'Connect Wallet' button in the top right corner. Select your preferred wallet provider and approve the connection. VeriEscrow supports all major Web3 wallets through RainbowKit.

Navigate to Dashboard

Once connected, click 'Dashboard' to access the escrow management interface. Here you can create new escrows, view active ones, and manage disputes.

Create New Escrow

Click 'Create Escrow' and fill in the details: receiver's wallet address, amount, conditions for release, and optional deadline. Review the transaction details carefully.

Fund the Escrow

Confirm the transaction in your wallet. The funds will be transferred to the smart contract (not to VeriEscrow). Gas fees apply.

Share with Counterparty

Share the escrow ID or link with the other party. They can view the escrow details and conditions on the blockchain.

Release or Dispute

When conditions are met, release the funds to the receiver. If there's a disagreement, either party can initiate a dispute for arbiter resolution.

Next Steps

Now that you've created your first escrow, explore advanced features like milestone payments, multi-party escrows, and custom arbiters.

Wallet Setup

VeriEscrow works with any EVM-compatible Web3 wallet. Here's how to set up and connect your wallet.

Supported Wallets

MetaMask

The most popular browser extension wallet. Available for Chrome, Firefox, Brave, and Edge.

Rainbow

A user-friendly mobile wallet with excellent design and DeFi features.

Coinbase Wallet

Secure wallet from Coinbase with easy backup and recovery options.

WalletConnect

Connect any mobile wallet by scanning a QR code.

Ledger

Hardware wallet for maximum security. Connect via MetaMask or WalletConnect.

Connecting Your Wallet

1Click the 'Connect Wallet' button in the header
2Select your wallet provider from the list
3Approve the connection request in your wallet
4Select the correct network (Polygon recommended for lower fees)

Supported Networks

VeriEscrow is deployed on multiple networks. Choose based on your needs:

Network	Description	Chain ID
Polygon	Recommended for most users. Low gas fees (~$0.01) and fast transactions.	`137`
Ethereum Mainnet	For high-value transactions requiring maximum security. Higher gas fees.	`1`
Arbitrum One	Ethereum L2 with low fees and high security. Great for DeFi users.	`42161`
Optimism	Fast and cheap Ethereum L2 with growing ecosystem.	`10`
Base	Coinbase's L2 network. Easy onboarding for Coinbase users.	`8453`

Security Best Practices

Never share your private keys or seed phrase with anyone
Use a hardware wallet for high-value transactions
Always verify the contract address before signing transactions
Enable 2FA on your wallet provider account
Keep your wallet software updated
Be wary of phishing sites—bookmark the official VeriEscrow URL

Creating an Escrow

This guide covers all options when creating an escrow, from simple P2P transactions to complex multi-party agreements.

Basic Escrow

A basic escrow involves one payer, one receiver, and a simple condition for release. This is ideal for straightforward transactions.

receiverReceiver wallet address (0x...)

amountAmount to escrow (in selected token)

tokenToken type (ETH, USDC, USDT, DAI, or native token)

deadlineOptional expiry date (funds return to payer if not released)

Milestone Escrow

Break payments into milestones for projects with multiple deliverables. Each milestone can be released independently.

Example: A $10,000 web development project split into 4 milestones: Design ($2,500), Frontend ($3,000), Backend ($3,000), and Launch ($1,500).

Multi-Party Escrow

Support for multiple payers contributing to an escrow, or splitting funds among multiple receivers. Perfect for group purchases, partnerships, or crowdfunding.

Up to 10 parties (payers + receivers combined)
Custom split ratios for receivers
All parties can view escrow status

Fee Structure

VeriEscrow charges a small platform fee based on escrow value:

0 - $1,000: 1.5% fee

$1,001 - $25,000: 1.0% fee

$25,001 - $100,000: 0.75% fee

Over $100,000: 0.5% fee

Fees are collected at deposit time. Gas fees are paid separately to the network.

Escrow States

Understanding the different states an escrow can be in helps you manage transactions effectively.

Created

Escrow has been created but not yet funded. Waiting for payer to deposit funds.

Funded

Funds have been deposited to the smart contract. Waiting for conditions to be met.

Released

Funds have been released to the receiver. Transaction complete.

Refunded

Funds have been returned to the payer. May occur after expiry or dispute resolution.

Disputed

A dispute has been raised. Awaiting arbiter resolution.

Expired

Deadline passed without release. Payer can claim refund.

Disputes & Resolution

When parties disagree, VeriEscrow's decentralized arbitration system provides fair resolution.

Initiating a Dispute

Either the payer or receiver can raise a dispute while the escrow is in 'Funded' state. A dispute fee may apply to discourage frivolous claims.

1Navigate to the escrow detail page
2Click 'Raise Dispute'
3Describe the issue and provide evidence
4Pay the dispute fee (refunded if you win)
5Wait for the other party to respond

Providing Evidence

Strong evidence increases your chances of a favorable outcome. Include:

Screenshots of communications
Transaction hashes
Delivery confirmations
Contracts or written agreements
Photos or videos of goods

Timeline

Evidence submission: 72 hours

Arbiter review: 48 hours

Resolution execution: Immediate

Possible Outcomes

Payer Wins: Full refund to payer, dispute fee returned

Receiver Wins: Full release to receiver, dispute fee returned

Split Decision: Proportional distribution as determined by arbiter

Smart Contract

Complete technical documentation of VeriEscrow's non-custodial smart contract system. Every function, event, and security feature explained in detail.

docs.sections.smartContracts.contracts.title

docs.sections.smartContracts.contracts.core.title

docs.sections.smartContracts.contracts.core.network

docs.sections.smartContracts.contracts.core.description

docs.sections.smartContracts.contracts.core.address

docs.sections.smartContracts.contracts.factory.title

docs.sections.smartContracts.contracts.factory.network

docs.sections.smartContracts.contracts.factory.description

docs.sections.smartContracts.contracts.factory.address

Contract Functions

docs.sections.smartContracts.functions.createEscrow.name()

docs.sections.smartContracts.functions.createEscrow.description

deposit()

Deposits funds into the escrow. For ETH, the exact amount must be sent with the transaction. For ERC20 tokens, approval must be granted first.

release()

Releases escrowed funds to the seller. Can be called when escrow is Funded or Delivered. Deducts protocol fee before transfer.

docs.sections.smartContracts.functions.refund.name()

docs.sections.smartContracts.functions.refund.description

docs.sections.smartContracts.functions.raiseDispute.name()

docs.sections.smartContracts.functions.raiseDispute.description

Events

EscrowCreated

EscrowFunded

EscrowReleased

EscrowRefunded

DisputeRaised

DisputeResolved

Security Features

docs.sections.smartContracts.security.reentrancy
docs.sections.smartContracts.security.cei
docs.sections.smartContracts.security.safeERC20
docs.sections.smartContracts.security.pausable
docs.sections.smartContracts.security.accessControl

Fees & Pricing

VeriEscrow offers transparent, tiered pricing with no hidden fees.

Platform Fees

Range	Fee	Example
$0 - $1,000	1.5%	$100 escrow = $1.50 fee
$1,001 - $25,000	1.0%	$10,000 escrow = $100 fee
$25,001 - $100,000	0.75%	$50,000 escrow = $375 fee
Over $100,000	0.5%	$200,000 escrow = $1,000 fee

Network Gas Fees

Gas fees are paid to blockchain validators, not VeriEscrow. They vary by network:

Polygon: ~$0.01 - $0.05 per transaction
Ethereum: ~$5 - $50+ depending on congestion
Arbitrum: ~$0.10 - $0.50 per transaction
Optimism: ~$0.10 - $0.50 per transaction
Base: ~$0.01 - $0.10 per transaction

No Hidden Fees

No account creation fees
No monthly subscription
No withdrawal fees (beyond gas)
No currency conversion fees

Security

Security is our top priority. Learn about the measures we take to protect your assets.

Smart Contract Security

• Regular security audits by leading blockchain security firms
• Industry-standard security patterns (ReentrancyGuard, CEI, etc.)
• Comprehensive test coverage with edge case analysis
• Bug bounty program with rewards up to $25,000

Platform Security

• TLS 1.3 encryption for all data in transit
• SOC 2 Type II certified cloud infrastructure
• 24/7 security monitoring and intrusion detection
• DDoS protection via Cloudflare

Bug Bounty Program

We reward security researchers who responsibly disclose vulnerabilities. Rewards range from $100 to $25,000 based on severity.

Learn more about our Bug Bounty Program

Frequently Asked Questions

General Questions

What is VeriEscrow?

VeriEscrow is a non-custodial escrow platform that uses smart contracts to secure cryptocurrency transactions between parties. We never hold your funds—they're secured entirely on the blockchain.

Is VeriEscrow safe?

Yes. Our smart contracts are audited by leading security firms, and we use industry-standard security practices. As a non-custodial platform, your funds are never at risk from our operations.

What cryptocurrencies are supported?

We support ETH, USDC, USDT, DAI, and native tokens on all supported networks. More tokens will be added based on community demand.

What networks are supported?

VeriEscrow is deployed on Polygon (recommended), Ethereum, Arbitrum, Optimism, and Base. Choose based on your fee and speed preferences.

Escrow Questions

How long do escrows last?

Escrows can have a deadline from 1 hour to 365 days. If no deadline is set, the escrow remains active until released, refunded, or disputed.

Can I cancel an escrow?

Before funding, escrows can be canceled freely. After funding, cancellation requires mutual agreement or arbiter intervention.

What happens if the deadline passes?

If an escrow expires without release, the payer can claim a refund. The receiver cannot claim funds after expiry.

Can I modify an escrow after creation?

Core parameters (amount, parties) cannot be changed after creation. Conditions can be added (but not removed) with mutual consent.

Dispute Questions

How long does dispute resolution take?

Standard disputes are resolved within 5 days: 72 hours for evidence, 48 hours for arbiter review.

What if I disagree with the resolution?

You can request an appeal within 24 hours of the decision. Appeals go to a higher-tier arbiter panel.

Is the dispute fee refundable?

Yes, the dispute fee is refunded to the winning party. If there's a split decision, the fee is typically split proportionally.

Glossary

Key terms used throughout VeriEscrow documentation.

Arbiter

A neutral third party who resolves disputes between escrow participants.

Escrow

An arrangement where assets are held by a smart contract until predefined conditions are met.

Gas

The fee paid to blockchain validators to process transactions.

Milestone

A checkpoint in a project where partial payment is released upon completion.

Non-Custodial

A system where the service provider never has control over user funds.

Smart Contract

Self-executing code on the blockchain that automatically enforces agreement terms.

Wallet

Software or hardware that stores private keys and enables interaction with blockchains.

Web3

The decentralized web, powered by blockchain technology and user-owned data.

Support

Need help? We're here for you.

Email Support

For general inquiries and non-urgent issues

[email protected]

Discord Community

Join our community for real-time help and discussions

docs.sections.support.channels.discord.contact

Twitter/X

docs.sections.support.channels.twitter.contact

Contact Information

Elysium Media FZCO

Dubai Digital Park, Dubai Silicon Oasis

United Arab Emirates

[email protected]

Need more help?

Contact our support team or join our community on Discord