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Lucid supports escrow for unique, high-value, or non-standard transactions that do not fall into predefined categories. Lucid provides customisable escrow structures to support specialised agreements and emerging transaction types.
How It Works
AgreementBuyer and Seller define and agree on terms via Lucid
EscrowBuyer deposits funds
DeliverySeller provides goods or services
AcceptanceAcceptance is automatic upon fulfilment of transaction conditions
DisbursementLucid disburses funds automatically to Seller via preferred payment method
Ideal For:
- Flexible transactions beyond standard escrow use cases
- Collectables and rare assets
- Custom commercial agreements
- One-off or bespoke transactions
- High-value items not listed elsewhere
- Mixed-asset or hybrid transactions
Benefits:
- Flexible escrow structures
- Clear rules for complex or unusual deals
- Reduced risk in non-standard transactions
- Neutral third-party protection
Lucid's Role:
- Supports customisable escrow structures
- Holds funds for specialised agreements
- Releases funds according to agreed bespoke transaction conditions
SIMPLE USE CASES
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