Add escrow rights use case from Alibaba.
authorManu Sporny <>
Tue, 14 Jul 2015 22:35:00 -0400
changeset 303 88e5ec0b2e5f
parent 302 c8d607565d4b
child 304 77b15512e5cb
Add escrow rights use case from Alibaba.
--- a/latest/use-cases/index.html	Tue Jul 14 02:52:40 2015 -0400
+++ b/latest/use-cases/index.html	Tue Jul 14 22:35:00 2015 -0400
@@ -2093,6 +2093,10 @@
         <dl id="uc-escrow" class="dl-horizontal">
+There are a number of considerations when providing escrow services to both
+<a title="payer">payers</a> and <a title="payee">payees</a>:
+            <ul>
+              <li>
 Jack has established an online store on a trusted third party website to
 sell pants. Mary wants to buy a pair of pants from Jack's online store.
 Mary doesn't trust Jack because she has never met him nor has she done
@@ -2103,10 +2107,22 @@
 Jack sends the pants to Mary via Express Mail. When Mary gets the pants,
 she will tell the trusted third party and they will move the funds
 to Jack's account.
+              </li>
+              <li>
+Escrow services in China sometimes provide a virtual financial account to
+<a title="payer">payers</a>. Money is typically transferred from the
+<a title="payer">payer's</a> bank account to the escrow service provider's
+bank to hold, but where the funds are still legally owned by the <a>payer</a>.
+When Hung transfers funds to an escrow service provider, his
+rights and responsibilities are exchanged with the escrow service provider
+at the same time as well as how various parties involved with the account
+can access and use the funds.
+              </li>
+            </ul>
           <dt>Target version</dt>
-        <dd>Uncategorized</dd>
+          <dd>Uncategorized</dd>
 A trusted third party is typically helpful for non-instant transactions
@@ -2116,6 +2132,13 @@
 trusted third party protects the <a>payee</a> by ensuring that funds from the
 <a>payer</a> have been verified before releasing the product to them.
+          <dt>Regulatory</dt>
+          <dd>
+The use of money held in escrow accounts by the escrow service provider is
+covered by a number of consumer protection laws that restrict what the
+escrow service provider can do with the money. Expressing these restrictions
+in a way that enhances interoperability is desirable.
+          </dd>
         <dl id="uc-notifications" class="dl-horizontal">