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Escrow is where a neutral third party holds funds until conditions of a transaction are met, only releasing these funds when both buyer and seller have fulfilled their respective terms. Automated escrow streamlines this process by using software to automatically execute a series of predetermined steps to manage the payment and fulfilment of a transaction, i.e. the holding and release of funds being held in escrow.
The payment orchestration layer is a technological layer that helps manage the complex and varied processes involved in moving money from one place to another.
Marketplace payouts involve the transfer of funds from the marketplace to sellers or relevant parties, playing a crucial role in the platform's financial transactions.
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