An escrow service acts as a neutral third party that securely holds funds during a transaction between two parties. It ensures that the seller delivers the goods or services, and the buyer makes the payment according to the agreed-upon terms before releasing the funds.

1. Register an Account: Both buyer and seller need to register accounts with Siam Escrow.
2. Contract Creation: Define the terms of your transaction, including payment amount, delivery conditions, and timelines. You can customize the agreement to suit the specific needs of both parties.
3. Deposit Funds: The buyer deposits the payment with Siam Escrow, where it is securely held until the transaction terms are met.
4. Fulfillment of Contract: Once the seller delivers the goods or services per the contract terms, the buyer confirms satisfaction.
5. Release of Funds: Siam Escrow releases the funds to the seller after receiving confirmation from the buyer that all conditions of the contract have been satisfactorily met.


If the seller fails to meet the terms outlined in the escrow contract, such as not delivering the goods or services as agreed, the buyer can refuse to authorize the release of funds. The funds will remain secure in escrow until a resolution is reached. If necessary, Siam Escrow can help mediate to resolve the dispute.



Once both parties have agreed to the terms and the buyer has deposited the funds, the contract typically cannot be canceled unless both parties agree. Disputes or changes to the contract should be resolved through communication and, if needed, mediation from Siam Escrow.


Absolutely. Siam Escrow safeguards all funds in secure accounts until the transaction is completed according to the mutually agreed-upon terms. This security measure protects both the buyer and the seller, ensuring that transactions are fair and funds are not wrongfully released.



For credit card payments, Siam Escrow converts the transaction amount into a stable coin to protect against the volatility of cryptocurrency values. This ensures that the amount agreed upon in the contract remains unchanged regardless of fluctuations in crypto market prices. The funds are only released once the transaction terms are fully met.


Siam Escrow charges a fee for its services, which varies depending on the transaction size and complexity. Typically, fees for cryptocurrency transactions are around 2- 5% depending on a host of items such as will the coins need to be converted to a stable coin, the size of the contract, the complexity of the contract etc., while credit card transactions may incur an 10.5% fee or more due to additional processing costs associated with the card processor. 
 
Siam Escrow works to keep the buyers fees as low as possible. For sellers there are transfer fees to remit the funds to the seller that vary by types of cash out options from Wire Transfers which costs more to the sending of crypto coin which carries nominal transfer fees.


The duration of a transaction depends on the terms set in the escrow agreement. Once all conditions are met and confirmed by the buyer, funds are usually released to the seller within 1-2 business days.



Yes, Siam Escrow specializes in facilitating international transactions, ensuring compliance with local laws and providing an added layer of security for cross-border trades.
By choosing Siam Escrow, you’re not only securing your transactions but also ensuring a fair and transparent dealing process, protecting your interests whether you’re a buyer or a seller.


<div>When buying something from a different country using cryptocurrency, customers face certain risks, primarily because crypto transactions are irreversible. Once the payment is made, if the goods are not delivered or the seller turns out to be a scammer, there is no straightforward way to get a refund. This poses a significant risk, especially in international transactions where legal recourse can be limited or complicated.</div>

<h3 className="heading_h3">Here’s how Siam Escrow mitigates these risks effectively:</h3>
<ul className="pl-2 mt-4 space-y-2">
<li>1. Security and Assurance: Siam Escrow holds the payment until the goods are delivered and confirmed by the buyer. This setup ensures that the seller has a strong incentive to deliver the goods as agreed.</li>
<li>2. Conversion to Stablecoin: To prevent issues related to cryptocurrency volatility, Siam Escrow converts crypto payments into a stablecoin, protecting both buyer and seller from price fluctuations during the transaction process.</li>
<li>3. Controlled Release of Funds: Funds are released to the seller only after the buyer confirms receipt and satisfaction with the goods, significantly reducing fraud risks.</li>
<li>4. Transparency and Flexibility: The terms of the contract are defined by both parties, making the process transparent and tailored to their specific needs. Siam Escrow enforces these terms, ensuring compliance.</li>
<li>5. Adaptability to Different Payment Methods: Siam Escrow also allows funding via credit cards, which are then converted to stablecoin. This adds flexibility and combines the convenience of traditional payments with crypto's benefits.</li>
</ul>
Why Siam Escrow is ideal for international transactions:
<li>Enhances compliance with international trading standards.</li>
<li>Aligns with best practices for financial security and consumer protection.</li>
<li>Provides an added layer of security and convenience, especially for those new to cryptocurrency transactions.</li>

FAQs

Using Siam Escrow for Secure Transactions

FAQs

Using Siam Escrow for Secure Transactions

What is an escrow service?

How do I create an escrow contract with Siam Escrow?

What happens if the terms of the escrow contract are not met?

Can I cancel an escrow contract once it has started?

Is my money safe with Siam Escrow?

How are payments handled if I’m using a credit card or cryptocurrency?

What fees does Siam Escrow charge?

How long does it take to complete a transaction with Siam Escrow?

Can I use Siam Escrow for international transactions?

How can Siam Escrow help when buying internationally with cryptocurrency?