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How to Perform an Escrow Transaction

Escrow transactions on tela can be performed ffrom the app and on the store front.

Written by Jums

Overview
Escrow allows Tela to hold funds securely between parties until predetermined conditions are met. In Tela, you can create and manage escrow transactions easily.

Steps to Add an Escrow

  1. Go to the Escrow on the BI screen
    From the main dashboard, click “BI” → “Escrow”.

  2. Click “New Escrow”
    Tap the “+ Add Escrow” button at the top right.

    Click "I am the buyer"

  3. Enter Escrow Details

    • Seller email on the Tela app

    • The product name or details

    • Amount: Total amount to hold

    • Due Date: Optional deadline for fulfillment

  4. Review & Create
    Double‑check entries → Create escrow transaction.

You can also checkout with escrow on the store front.

What Happens Next?

  • The seller recieves the request via in app notification and email

  • The seller accepts or rejects the request

  • Once the seller accept the request, the funds is removed from the buyer account and placed in an escrow account.

  • Tela will record the escrow.

  • Funds are held and tracked until conditions are fulfilled.

  • You can release, cancel, or dispute the escrow from the escrow detail page.

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