About Us
Our Service
In commercial transactions, an escrow arrangement exists where there is a contractual trigger for the release of the buyer's funds to the seller - for example, delivery and satisfactory inspection of an item.
We work with a number of regulated escrow service providers in the UK and abroad. We are able to identify which are appropriate for your needs and negotiate the best rates for you.
Such escrow providers have segregated accounts into which they will receive the buyer's funds and release the funds when the agreed contractual trigger has been achieved. This reduces the risk of non-payment for sellers and the risk of non-delivery of goods or services for buyers.
We offer escrow services in various market sectors, including:
- Domain name transfers
- Motor vehicle purchases
- Construction contracts
- Project funding
A Bespoke Solution
Established in 2009, Escrowpay offers a friendly and flexible service, tailored to your needs. We are aware that there is no one-size-fits-all for commercial escrow services.
Escrow fees tend to vary based on a number of factors including the complexity of the transaction, the length of time that funds will be held, the amount of funds to be held and the robustness of your underlying commercial contract.
Minimising Risk
Risk mitigation is integral to our escrow service. We seek to minimise the possibility of a dispute scenario arising in your B2B and B2C contracts.
We work only with companies that are regulated and whose details can be verified.
Please beware of rogue operators that pretend to be regulated escrow providers. Always verify details before engaging with any financial service provider.
FRAUD PREVENTION
Beware of Scammers
Unfortunately, the escrow industry attracts its fair share of fraudsters.
This will often take the form of clone websites or so-called 'advanced fee frauds' where companies ask you for the payment of an upfront fee to release money held in escrow.
Escrowpay will never ask you for payment for any service that we provide. Our income derives from referral fees that are paid to us by the regulated escrow providers whom we introduce to you.
If anyone contacts you purporting to be from our firm then please let us know and we will help you to report it to the relevant authorities.
