Escrow a Secure transaction approcahe

safeguarding both buyer and seller

What is Escrow?

An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.

Escrows are very useful in the case of a transaction where a large amount of money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a website being built where the buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn’t want to extend a massive amount of work without any assurance that he or she will receive payment. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, Escrow system provides online escrow services at affordable rates. While the payment is In “Escrow”; the transaction can be safely carried out without the risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.

Advantages of Using Escrow system

As one of the leading providers of escrow services online, the Escrow system provides a host of advantages for people who choose to transact with it. Whether it is digital goods, vehicles, antiques, jewelry, artwork, or domain names and websites, the Escrow system ensures that all buyers and sellers are protected equally and their disputes dealt with the utmost concern.

The escrow system verifies the funds sent by the buyer and keeps them in our secure trust escrow account for the seller. The seller ships the merchandise only after the buyer has made complete payment to the Escrow system tracks your merchandise to make sure that it is delivered in time according to the conditions mentioned in the agreement.

The seller is not paid until the buyer accepts the merchandise and has the chance to fully inspect it. After the buyer inspects and accepts the merchandise, the funds will be moved from our escrow account to the seller’s account. There is no scope for uncertainty or worries as the entire transaction is conducted under the supervision of the Escrow system’s honest and diligent professionals.
With the Escrow system’s reliable brand shielding your transaction, you can rest assured that your funds are in safe hands, free from fraud.
The sale is highly simplified as you, the buyer, just pay off your price and let Escrow
the system handles everything else, be it shipping, delivery, or quality inspection.
The escrow system’s sliding revenue scale ensures that large transactions don’t mean huge chargebacks and fees. Using a licensed escrow service to buy and sell merchandise, services and more is the most convenient way to complete transactions online. Facilitated by a trusted third-party, the escrow process acts as your personal tool to ensure a safe, secure, and intuitive sale for both buyers and sellers.

 

You Can use the following services from Escrow

General Merchandise

From computer hardware to luxury goods, you can safely and easily buy and sell merchandise all over the world with the protection of an Escrow system

Milestone Transactions

Paying for a good or service and want money released only at certain stages? Use Escrow to assure that money is released only when you’re happy with each step.

Electronics

Escrow system handles the buying and selling large scale computer setups, professional sound systems and all manner of electronic equipment both big and small.

Jewelry, Watches, and Fashion

Buying and selling expensive jewelry online can be difficult, as it is extremely difficult to spot a scam. Escrow’s simple 5-step process ensures money transfer and jewelry delivery with every sale.

Domain Names

Escrow system is the dominant payment method for the buying & selling of domain names, with transactions including uber.com, snapchat.com, spacex.com, twitter.com, instagram.com, freelancer.com

Car/Motor Vehicles

When buying classic cars, sailboats even an aircraft engine Escrow system ensures money transfer and vehicle delivery  Our experienced personnel can help you with shipping documentation, titles, more…

The recommended payment system by top E-Commerce companies

Escrow is the recommended payment system of top eCommerce companies including Unregister, GoDaddy, Classic Cars.com, and Shopify Exchange. 

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What are Escrow Milestones and Service Transactions?

1. When we refer to a milestone or a service transaction on Escrow.com, they are actually the same thing. A milestone transaction is when a payment is made in lieu and held until such a point the service or product is delivered or carried out.
2. Milestone transactions divide a transaction into multiple phases. Milestone transactions can be used for a transfer of goods, services, or a combination of both goods and services. For instance, let’s say you are hiring a freelancer to do some work for your website. You can arrange the milestones in such a way that you can release 50% of the payment when the draft is complete, and the remaining 50% upon final completion.
3. Buyers are required to fully fund milestone transactions at the start of the transaction before any goods are delivered or any work is completed by the Seller. Sellers receive funds as they successfully complete each milestone within a transaction.
4. As the transaction details are established, the Buyer and Seller will need to agree who will pay the fees or if they will be split 50/50. For a normal transaction, you can select Buyer, Seller, or 50% Buyer / 50% Seller. The option to select who will pay the Escrow fee will depend on the type of transaction you are creating..

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