Escrow and Dispute
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The TalentLayer Escrow and Dispute Resolution Module allows for secure payments between users on TalentLayer integrated marketplaces and between TalentLayer integrated marketplaces. TalentLayer's Escrow and Dispute Resolution allows for users on different marketplaces to remit transactions and handle disputes associated with
TalentLayer Escrow is a highly flexible escrow contract that allows you to, via your platform's user interface, allow users to conduct payments including:
Partial release of escrow to the counter-party by the employer.
Milestone-based projects, where based on the delivery of certain sub-services, an employee can receive payments.
Periodical payment of hourly work; for example, weekly pay for hours worked.
Escrow contracts can not currently be refilled after the full amount has been released. After the full amount has been released, the service will automatically be marked complete and prompt the users to leave a review. Future transactions will have to be completed in a subsequent service.
It is possible for a freelancer to voluntarily opt-out of a service and be compensated partially for work completed, with the employer receiving the remaining amount of escrow back to their own wallet.
At the platform level, you can decide whether to allow your users to initiate disputes or not. If you choose to allow for disputes, you must choose which type of arbitration to support.
For current arbitration options, please see the following page:
Currently, if a platform wants to manage fiat-based payments, this requires off-ramps and on-ramps be created on either side of the transaction.
In the soon-to-be-released TalentLayer Abstracted SDK and API we will support fiat off-ramp and on-ramp nativley, so users can leverage fiat payments in a seamless manner.
Learn more about the technical side of escrow and disputes in our Technical Guide on the smart contract.