Escrow Lock is the Trusted intermediary or middleman platform that receives and secures money from a buyer, and then releases it to the seller when the buyer has received goods/services based on agreed conditions. This enhances trust, safety and security in transactions, and ensures protection against fraud or scam for parties involved (which is not limited to buyers and sellers).
Escrow Service on EscrowLock.com:
How It Works
The buyer and seller negotiate and reach an agreement concerning the product or service to be purchased, and then one party starts the transaction on EscrowLock’s online escrow service platform.
Buyer makes a commitment by depositing the payment to a dedicated escrow account provided by EscrowLock, where the payment is safely locked until seller fulfills his part of the bargain.
Upon receipt of payment from buyer, EscrowLock informs seller to proceed with delivering the goods/services under consideration to the buyer.
Buyer receives product or service in good condition (as advertised) and notifies EscrowLock of such receipt.
EscrowLock releases the locked payment to the seller and everyone is happy.
EscrowLock is an escrow services provider that serves as a trusted middleman for payments between buyers and sellers in order to protect each of them against any fraudulent practice by the other.
We provide escrow payment services that effectively solves trust issues in business situations where a buyer does not trust the seller to deliver specific product or service after receiving payment, or where the seller does not trust that the buyer will send across payment after receiving goods and services.
Most use cases of our company’s escrow service platform follow the model below;
- The buyer and seller negotiate and reach an agreement concerning the product or service to be purchased, and then one party starts the transaction on EscrowLock’s online escrow service platform at ….