Refund

When a buyer wish to request for a refund, he must provide a amount of $PAYBOX tokens, that will be used in case of a dispute.

Request for a cancellation, and a refund may happen at any time, whether the time lock has expired or not.

Buyer can also cancel the requested refund at anytime, and his deposited $PAYBOX tokens will be returned.

Once the seller accepts to refund, the tokens are released back to the buyer.

If the seller don't respond to the refund request, and the time lock expires, buyer can withdraw the tokens at any time.

If the seller do not accept the refund, he must provide challenge tokens, and the dispute moves to a challenge contract. Where based on proof provided by seller and buyer, validators will judge which is the winning party. Validators are rewarded for their efforts with the tokens provided for the challenge.