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WHAT IS ESCROW?
Escrow is a legal concept describing a financial instrument whereby an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction. The escrow agent holds the funds or assets until it receives appropriate instructions or until predetermined contractual obligations are fulfilled. Money, securities, funds, and other assets can all be held in escrow. Internet escrow has been around since the beginning of Internet auctions and commerce. It was one of the many developments that allowed for trust to be established in the online sphere. Internet escrow works by placing money in the control of an independent and licensed third party in order to protect both buyer and seller in a transaction. When both parties verify the transaction has been completed per terms set, the money is released. If at any point there is a dispute between the parties in the transaction, the process moves along to dispute resolution. The outcome of the dispute resolution process will decide what happens to money in escrow. With the growth of both business and individual commerce on the internet it is wise to transact with escrow.
We are one of the best providers of escrow services online. If you are interested in selling or buying online you will sure need our escrow services for genuine transactions. Whatever it is you deal on; digital goods, vehicles, antiques, jewelry, art work, real estate, mobile phones and tablets, laptop accessories or services of all kind. Escrow.erononline.com service ensures that all buyers and sellers are protected equally and their disputes dealt with the utmost concern. The rate of scam in the internet is alarming; with escrow services you are protected from being short changed by fraudulent sellers. When you make a transaction using escrow.erononline.com, your funds are held in secured, non-interest bearing trust Escrow Accounts until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud or wrongly described goods. Using a licensed escrow service to buy and sell merchandise, services and more is the most convenient way to complete transactions online. The escrow process acts as your personal tool to ensure a safe, secure and intuitive sale for both buyers and sellers.
Our professional team 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 escrow.erononline.com; we track 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 our honest and diligent professionals. With escrow.erononline.com brand shielding your transaction, you can be rest assured that your funds are in safe hands, free from fraud.
HOW DOES THE ESCROW SERVICE WORK?
Escrow.erononine.com reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
1. Buyer and Seller agree to terms.
All parties agree to the terms of the transaction Either the Buyer or Seller begins a transaction. After registering with our service.
2. Buyer pays Escrow.erononline.com
We have various approved payment methods. The Buyer submits a payment by approved payment method to our secure Escrow Account, we verify the payment, and notify the Seller that funds for the transaction have been secured ‘In Escrow’.
3. Seller ships merchandise to Buyer.
Once payment has been confirmed, the seller is authorized to proceed with shipping the commodity or rendering the services. Escrow.erononline.com verifies that the buyer has received the agreed product or service.
4. Buyer accepts product/service.
The Buyer has a set number of days to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise.
5. Escrow.erononline.com pays the Seller.
On verification of buyer satisfaction, we release the money to the seller. Transaction is complete – safely and securely!
Every time you log into Escrow.erononline.com, our status updates will let you know exactly where you are in the transaction process and if there is action required by you. Having access to this step-by-step timeline means, whether you’re a buyer or a seller, you’ll never get stuck wondering what to do next or where you are in the transaction.
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