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For reference is someone don't know what is an escrow system:

Escrow is a financial instrument whereby an asset or escrow money is held by a third party on behalf of two other parties that are in the process of completing a transaction.

Working as a freelance I have to deal with people dodging my payment. I have experience been using escrow system from websites like localbitcoins or localcryptos, is pretty good and feel secure.

A client recommend me with Upwork escrow system but I know here in freelancing that upwork comission is too much.

Is there another way? online alternatives. Like a smart a contract of some blockchain project especially create for freelancers (ethereum have a project about smart contract) or website that could help with the minimum fee and the best support?

rubengavidia0x
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    It sounds like you've had a fantastic idea for a product that no-one is going to sell you. How would someone create an escrow service with minimal fees and superior support without making a loss? – Valorum Aug 06 '21 at 23:16

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I find out more than 5 popular escrow system maybe I will need update this list in the future some great projects (like openbazaar) had to close/pause. But lets start with upwork direct contract escrow system for non upwork user and the fee.

Upwork:

Upwork Escrow protects Client’s deposit until the work is approved.

processing fee of 3.4%

period of 14 days

PayPal:

PayPal doesn't offer escrow service, but they offer 100% buyer protection. If you don't hear from your seller, PayPal will refund your money.

processing fee of USD 0.30$ plus 5.4% fee

period of 14 days

kiwikiwifly:

kiwikiwifly escrow service, this is for international buyers and seller.very famous in Australia and New Zealand.

service fees around 1%-1.5%

The waiting time can range from a couple of hours to days

Ethereum:

Ethereum smart contract, each computer has the same digital contract program.And they all have the same data, every one can check the source codes of the “ digital contract program “.

processing fee average 2.822$

period of 14 days

Escrow.com:

Escrow.com is a privately held internet escrow company acquired in April 2015 by Freelancer Technology Pty Limited.

minimum fee 10$ (calculator)

period of 30 days

Bitcoin:

Using Multi-signature (multisig) refers to requiring multiple keys to authorize a Bitcoin transaction, rather than a single signature from one key. It has a number of applications. Dividing up responsibility for possession of bitcoins among multiple people..

average bitcoin transaction fee is $23

period: until each private key (person) are agree with terms.

example of third part escrow system using bitcoin: example of third part escrow system

I am really sick of scammers working outside popular freelancer platforms (saturated, with hampering my work and dealing with fee so thats why I have to do and I will do more research about this systems.

Edit: This answer is open for more information about escrow system for freelancers.

rubengavidia0x
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