Escrow Coming soonLive on the XRP Ledger

Lock the payment on the blockchain until the deal is done.

Buying from someone you just met? Paying a contractor up front? The buyer locks the money on the blockchain. It only moves when buyer and seller both sign off, and it goes back to the buyer if the deadline passes. Nobody in the middle holds it, including us.

Not live yet. Today the escrow we run is inside XRP Circles: each share is time-locked on the XRP Ledger for one named recipient. Two-party release for deals is what this page describes, and it is still being built.

Live on the XRP Ledger, in XRP. The buyer locks XRP from their own Xaman wallet behind a release code made in their browser. The ledger pays the seller only when shown that code, signed by buyer or seller in Xaman, and returns the XRP to the buyer after the deadline. 1% fee, $2 minimum, $25 maximum, billed to the business that opens the deal. Needs a Pro account to open a deal; buyer and seller need only Xaman.

How it works

Both sides sign. Nobody else can touch it.

1

Agree on the deal

Amount, coin, what gets delivered and the deadline.

2

Buyer locks the money

Signed from the buyer's own wallet into an escrow on the blockchain. The seller can see it is there.

3

Seller delivers

The work gets done, the item gets handed over.

4

Release together

Buyer and seller both sign and the money goes to the seller. No release by the deadline, and the buyer can take it back.

The buyer reveals a release code; buyer or seller signs the release in Xaman. The ledger checks the code and pays the seller. No release by the deadline, and the buyer takes it back.

Plain details. XRP only for now; RLUSD comes when its issuer allows trust line locking on the XRP Ledger. The release code is made in the buyer's browser and TapCoin Pay cannot recover it: a buyer who loses it gets the XRP back after the deadline, and the seller is not paid. Deadlines run from 1 to 90 days. Every open escrow holds a small XRP reserve in the buyer's wallet until it closes.
Good for

Deals where both sides need to trust the money is real.

Freelance and contract work

The client shows the money is there. You get paid when the job is signed off.

Person-to-person sales

Cars, equipment, collectibles. No wire fraud, no bounced checks.

Deposits

Reservations and holds that refund on their own if the deal falls through.

Plain terms. TapCoin Pay is not an escrow agent, bank or money transmitter and never holds escrow funds. Funds lock in an escrow on the blockchain itself. Release takes the signatures of both buyer and seller; TapCoin Pay is never a signer and cannot release, block, redirect or seize the money, and it does not decide disputes. If the parties do not release before the deadline, the buyer can reclaim the funds. Coin values can change while locked. See the Terms.

Want escrow when it launches?

Tell us and we will email you the day it is live.

Get notified at launch

Ready to lock your first deal?

Open a deal in the dashboard, share the two links, and the buyer locks XRP from their own wallet.

Open an escrow