Escrow is a crypto-based online payment system used to make a purchase and sell for their particular merchandise with full secured services. The escrow becomes the bridge between both provider and consumer to make them complete their safe crypto payment with full legal contractual agreements without any fraud.
What does “escrow” mean ?
Escrow is a transactional protector for the buyer and seller for their most secured purchase or sale. Fees of the particular seller and consumer are held by the third party until the process of payment has been done. The seller will get the payment only when a buyer has been fulfilled by the product he had paid for. And the seller also has trust on the escrow that he’ll get the payment from the escrow for sure.
The seller will get the payment only when a buyer has been fulfilled by the product he had paid for. And the seller also has trust on the escrow that he’ll get the payment from the escrow for sure.
When to Use an Escrow Service ?
Escrow is used to proceed the transaction for the unknown parties. Escrow provides the important trust factor between the buyer, seller and broker. This is how escrow makes the online buying and selling more secure, easy and feasible for everyone.
“Buy or sell anything online safely, securely, and confidentially.”
People use escrow services for online high-value transactions when they don’t know each other. We protect Buyers, Sellers, and Brokers equally, thereby eliminating any risk of conducting transactions with unknown parties.
What can you buy or sell with Escrow.com?
From purchasing or selling digital things to big-size merchandise goods, Escrow is providing the best platform where you can deal with unknown parties for your safest transaction.
Make your merchandise known for perfectly shipped product
Escrow allow buyer and seller to do the transaction on many of the different types of merchandise very effectively and securely. Escrow offers every seller to get paid for their shipped product and also satisfied buyer by providing them their required thing.
How does Escrow work ?
Escrow removes the theft which is done by the third party interaction during the process of merchandise shipping between buyer and seller. Escrow secure the whole shipping phenomenan accurately.
1. Buyer and seller agree to terms.
Buyer and seller both have to make an agreement to the terms and conditions for the transaction.
2. Buyer pays Escrow.com.
Firstly, the buyer pays the escrow. After getting payment from the buyer, Escrow notified the seller that the fund from the buyer had been secured.
3. Seller ships merchandise to Buyer.
Seller dispatch the merchandise(product) to the buyer. Sellers can also be authorized to send the merchandise and tracking submit information.
4. Buyer accepts merchandise.
Buyer accepts the dispatched merchandise. After that, the buyer can set the days to inspect the merchandise(product) which was sent by the seller. And also buyers can raise the concern in case of fraud.
5. Escrow.com pays the Seller.
Finally to pay the seller if the product is accepted by the buyer, Escrow releases the fund to the seller.