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Learn all about Alright peer-to-peer escrow agreements in this knowledge portal!
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Learn all about Alright peer-to-peer escrow agreements in this knowledge portal!
Last updated
Was this helpful?
Alright is a peer-to-peer agreements app to safely exchange goods & services with anyone through decentralized escrow.
It enables two people to lock in an agreement to buy or sell something remotely, secure the deal with collateral as a security deposit, and release the payment when they are both ready. Alright is for any transaction that comes with some counterparty risk of non-performance, and it is faster, easier, and cheaper than using traditional middleman escrow services.
Buying or selling through Alright is as easy as 1, 2, 3:
Agree your payment terms with a security deposit and lock in the deal together.
Do your thing! Finish the job, send the stuff, and make sure everything's alright.
When you are both ready, send the payment forward and release the collateral.