Use Case
Team & Committee Escrow: Pay Only When the Right People Approve
Hold a payment until your team, board or committee approves — 2 of 3, 3 of 5, or any rule you set. One person deposits, the approvers sign off, and the approval that meets your rule pays the recipient.
How Team Escrow Works
Shared sign-off, enforced by the contract.
Set the rule
The person paying creates the agreement, adds approvers — teammates, board or committee members — and chooses how many must approve, for example 2 of 3. Each approver needs a MyPact wallet address: sign in with email and we set one up in about a minute.
Deposit once
The payer deposits USDC into a smart contract — a program on the blockchain that follows this agreement's rules, not MyPact. Everyone involved can see the money is held.
Approve and pay
Each approver reviews and approves. The approval that meets your rule pays the recipient in the same step. The recipient's own approval never counts.
Built for Group Decision-Making
Grant Disbursement
Hold a grant payment until your committee approves the deliverable. The grantee sees the money is held; the committee decides when it's paid. For tranches, use milestones.
Board or Committee Spend
A purchase or payment that needs two or three sign-offs. The rule is fixed when the agreement is created, and every approval is recorded permanently.
Shared Projects
One partner deposits and the others approve the payout. Each agreement has one depositor — MyPact doesn't pool money from several people.
Working Groups
Any group that wants a visible, verifiable yes from the right people before money moves.
Why Teams Choose MyPact
- Rules from "only the client approves" to "2 of 3 approvers" — with two or more required, no single approver can pay out alone.
- Every deposit and approval is publicly verifiable on the block explorer.
- Approvers sign in with email and we set up their wallet — no app to download.
- Milestones let a committee approve and pay in stages.
- Each step costs a small network fee: usually a few cents on Base, free test ETH in Test mode.
- If the deal falls apart, the payer can cancel for a refund once the cancel window has passed. MyPact's two limited powers over the contract (an emergency pause and upgrades) are on the Security page.
Ready to Give Your Team Shared Control?
Set up your first group-approval escrow in minutes. Free in Test mode; in Live mode, $9 per agreement or Pro at $29/month — never a percentage.