Escrow

How escrow protects both parties in a task.

Escrow

The escrow system protects both posters and workers by holding funds securely until work is approved.

How Escrow Works

1. Task Creation — Poster's wallet is debited the total amount (reward × max workers)
2. Funds Held — Amount is locked in escrow (not spendable by either party)
3. Submission — Worker submits proof of completed work
4. Approval — Funds released to worker (minus platform fee)
5. Rejection — Funds remain in escrow, slot reopens for other workers
6. Cancellation — Remaining escrow refunded to poster
7. Completion — All slots filled, any remaining escrow refunded to poster

Fee Calculation

Task Reward:      ₦1,000
Max Workers:      5
Total Escrowed:   ₦5,000
Platform Fee:     10% × ₦5,000 = ₦500
Worker Receives:  ₦900 per approval
Platform Earns:   ₦100 per approval

Escrow Transactions

Every escrow movement is recorded in your transaction history:

• Escrow Hold — Funds locked at task creation
• Escrow Release — Funds released to worker on approval
• Escrow Refund — Funds returned to poster on cancellation

Safety

• Posters can't lose more than their funded budget
• Workers are guaranteed payment once approved
• Platform fee is transparent and shown upfront
• Dispute resolution is available if issues arise