How Escrowise Works
Our secure, transparent process ensures safe transactions between buyers and sellers. Learn how we protect both parties throughout the entire transaction lifecycle.
The Escrowise Process
Six simple steps to complete a secure transaction
Agreement
Buyer and seller agree on terms, including price, delivery timeline, and inspection period. These terms form the basis of your escrow transaction.
Transaction Creation
The transaction is created on Escrowise, detailing all the agreed terms. Both parties must approve these terms before proceeding.
Buyer Payment
The buyer sends payment to Escrowise using one of our secure payment methods. The funds are held safely in our escrow account.
Seller Delivery
After payment verification, the seller delivers the merchandise or service to the buyer according to the agreed terms.
Buyer Inspection
The buyer inspects the merchandise or service within the agreed inspection period to ensure it meets the expected standards.
Payment Release
Upon buyer approval, Escrowise releases the funds to the seller, completing the transaction securely for both parties.
What is Escrow?
An escrow is a financial arrangement where a third party holds and regulates payment of funds or assets for two parties in a transaction. It helps make transactions more secure by keeping the payment in a secure account until all terms of the agreement are met.
This method protects both the buyer and seller in a transaction. The buyer can verify that the goods or services are as promised before the seller receives payment, and the seller can ensure they will be paid once they deliver on their promises.
Common uses for escrow include:
- High-value online purchases
- Real estate transactions
- Business acquisitions
- Digital asset transfers
- Cryptocurrency transactions
Benefits of Using Escrowise
Our escrow service offers multiple advantages for both buyers and sellers
Reduced Risk
Our escrow service acts as a trusted third party, ensuring funds are only released when all conditions are met, protecting both buyers and sellers from fraud.
Secure Transactions
With bank-level security systems and encryption, your personal information and financial details are always protected throughout the transaction.
Convenient Process
Our streamlined, user-friendly platform makes it easy to create, manage, and complete escrow transactions from anywhere in the world.
Peace of Mind
Know that your transaction is protected with professional oversight and a clear resolution process if any disputes arise between parties.
Frequently Asked Questions
Common questions about our escrow process
Ready to start a secure transaction?
Create an account today and experience the security and peace of mind that comes with Escrowise.