With so much trade being conducted over the internet today, escrows being used more commonly to hold funds.
Escrows on the internet have existed since the start of popular internet auctions but many of us are only just seeing relevance and use.
With so much trade being conducted over the internet today, escrows being used more commonly to hold funds.
Escrows on the internet have existed since the start of popular internet auctions but many of us are only just seeing relevance and use.
With any number of transactions online taking place between anonymous persons, where it may be hard to tell which country the various parties are based – it is hardly surprising that the issue of security of funds is questioned.
Many of us today work from home. And perhaps we submit freelance work to all parts of the globe without ever having met with the client. As with all international trade, the laws concerning transactions, facilities and methods of chasing arrears all differ, so it may be seen as a benefit to have an escrow account managed by a regulated and neutral third-party.
Walker Insurance & Finance Services are able to hold funds and make disbursement at the various agreed stages providing that the agreed criteria are met.
Walker Insurance & Finance Services can receive the funds and disburse them online, inclusive of multiple disbursements as per the transaction agreement. The monies are held in an escrow account which is held by an authorised and independent third-party, with the monies being released once both parties verify the completion of the transaction.
If any dispute takes place then it is taken to dispute resolution.
In today’s world almost anything can be traded online, such as: