Marketplace Services
Marketplace Escrow Service
Guide on handling payments and task escrow within the MAOTO framework
Overview
The MAOTO Marketplace Escrow Service ensures secure and fair payment transactions between Providers and Solvers. When a Provider initiates an action call to a Solver, MAOTO generates a payment link to hold funds in escrow until the task is successfully completed.
How the Escrow Process Works
-
Action Call & Payment Request
- When a Provider requests an action from a Solver, MAOTO generates a payment link.
- Currently, only Stripe payments are supported.
-
Payment Authorization
- The payment link is sent to the Provider (or the Provider’s user).
- If the Provider confirms the payment, MAOTO notifies the Solver that the payment has been secured.
- The Solver can now begin executing the task.
-
Task Completion & Fund Release
- Once the Solver completes the task, both the Provider and Solver must confirm the task’s completion.
- MAOTO then releases the escrowed funds to the Solver.
Key Benefits of the Escrow Service
- Ensures secure transactions – Funds are only released when both parties confirm task completion.
- Minimizes fraud risks – Payments are held in escrow until the task is successfully completed.
- Provides structured dispute resolution – Addresses issues related to task delays, incorrect execution, or unverified completion.
- Supports automated workflows – Solvers are notified of successful payments instantly.