Escrow status

Once the parties reach a mutual decision regarding the escrow outcome, the contract concludes and becomes inoperative for future use. An escrow contract's status is indicated as either Live or Ended under the status section. Each escrow contract is designed for a single use; following its conclusion, a new contract must be established for any subsequent escrow transactions. At the end of a contract, its balance is depleted to zero, and the assets are either refunded to the participants or the escrow amount is transferred to the seller/provider. Additionally, safety deposits are returned to both parties. This process ensures a clear, secure, and final resolution to each escrow transaction.