Escrow is an age-old concept, and a term unfamiliar to most, but is becoming increasingly popular across a wide range of industries. According to a study conducted by Paysho, 86% of online classified shoppers have never heard of an escrow service. Simply put, escrow is an agreement between two people or organisations in which money or property is kept by a third person or organization (middle man) until a particular condition is met. Escrows are very useful in cases where a large amount of money is involved and a certain number of obligations need to be fulfilled before a payment is released. In the case of a sale of goods or services, an escrow makes the transaction more secure for both the buyer and the seller by safeguarding all funds and only releasing them when both parties have fulfilled their part of the deal.
As a provider of escrow services, Paysho removes all uncertainty from buying and selling and ensures that anyone who uses it can buy or sell anything in complete peace of mind.
Whether you are buying or selling physical goods or service online and offline, you can be sure with Paysho.