How Escrow Works
The fund, hold, deliver, approve, release cycle that protects both parties.
What is escrow?
Escrow is a payment protection system where funds are held by QoolPick until work is delivered and approved. The client's money is secure — it's not released to the developer until the client confirms the work meets requirements. And the developer knows the funds are committed — they're not working on speculation.
The escrow cycle
The cycle works in five steps. Fund: the client pays and funds are held in escrow. Hold: funds remain in escrow while the developer works. Deliver: the developer submits the completed work. Approve: the client reviews and approves the deliverable. Release: escrowed funds are released to the developer's wallet, minus the platform fee.
Protection for both sides
Clients are protected because payment is only released after they approve the work. Developers are protected because funds are committed upfront and held securely — plus auto-approval ensures they're paid even if the client becomes unresponsive. QoolPick acts as the trusted intermediary throughout.