What is Escrow?
An escrow service acts as a neutral third party that holds funds until both parties in a transaction fulfill their agreed-upon obligations. This creates a safety net that protects both buyers and sellers from fraud, non-delivery, and payment disputes.
How It Works
When you use TrustEscrow, the buyer deposits funds into a secure escrow account. These funds are held until the seller delivers the goods or services and the buyer confirms satisfaction. Only then are the funds released to the seller.
Benefits for Buyers
Buyers can transact with confidence knowing their money is protected. If the seller fails to deliver or delivers something different from what was agreed, the buyer can raise a dispute and potentially recover their funds.
Benefits for Sellers
Sellers can begin work or deliver goods knowing the payment is secured in escrow. Once delivery is confirmed, funds are released promptly without payment disputes.