Soom

How does escrow work?

Where your money goes from payment until the seller is paid.

Where your money goes from payment until the seller is paid.

Where your money goes from payment until the seller is paid.

When you buy, the money does not go to the seller. It is held in a Soom escrow account and shows in your wallet as held. The stages 1. You pay and the amount is held instantly. 2. The seller completes the platform transfer steps with evidence for each one. 3. An escrow agent checks the evidence and the security pages. 4. You confirm delivery and the protection period starts. 5. When it ends with no dispute, the seller is paid. Never pay or talk to the seller outside the platform; escrow only protects what happens inside Soom.