EscrowLock Escrow Service Account: How Escrow Payments Work in Nigeria
What is EscrowLock Escrow Service Account?
Let us begin by explaining what escrow service is.
An escrow service is a kind of service that affords two or more parties conducting a transaction the opportunity to route their payment through a trusted third party such that the third party can hold the payment for a definite period until certain conditions guiding the transactions has been met.
Such escrow service can be conducted on the EscrowLock online escrow platform with the opening of a simple user account on the EscrowLock website. That account is what is known as the EscrowLock Escrow Service Account.
Now let us look at Escrow Payments in Nigeria.
![Escrow Service in Nigeria](https://farm8.staticflickr.com/7829/46723037884_92d5e8362b.jpg)
How Escrow Payments Work in Nigeria
Escrow payments have only recently begun to emerge in Nigeria, even though the country has really suffered incidences of online payment fraud for a very long time.
EscrowLock is the best and leading escrow service agency/platform in Nigeria, which buyers and sellers can use to protect themselves from online payments scams.
EscrowLock is helping to boost online buyer-seller transactions in order to boost ecommerce and economic development in Nigeria.
![Escrow Payment Platform in Nigeria](https://farm8.staticflickr.com/7862/46531300985_ef5a49a863_o.jpg)