The main motto of international escrow
service is to ensure that sellers get on-time payment for their items and
buyers receive what they have ordered from sellers. This service plays a role
of mediator that collects, holds and distribute the money as per the seller and
buyer interest thereby reducing the risk of scam or fraud. It is normally used
for products or items purchased on source code, domain names, auction sites
etc. This service is suitable for small to medium enterprises and is very
beneficial for exporters. This service can be used by exporters to collect
payment of small value shipment in the case
when the buyer does not want to make
advance payment.
Also, the buyers and sellers that have
started new business can use this service for their first-time transactions. This
escrow payment is a safer option than
payment via credit card. It acts as a
reliable intermediary that helps both sellers and buyers to build a trust on
each other and gives protection to both parties.
Protection
to Seller
International
Escrow services protect sellers by reducing their financial risk. In this
service, the buyer has to deposit the
total amount of order placed with escrow before the shipping of the items by
the seller. Thus, seller feels secure that buyer has already paid for
the items and now he can ship the items stress-free.
Protection
to Buyer
Buyers also get protection from these
services. This service tracks and verifies whether the item has been delivered
to the buyer. The seller is not paid until the buyer acknowledges the receipt
of items.
So, in this way both buyer and seller
get protection from these services. If you a proud business man and are also
looking for escrow
services, you don’t need to worry about it. The
market is flooded with several law firms that are promising to provide
best international escrow services. It is advisable that you should thoroughly
examine the websites and read all their terms and conditions carefully before
making a decision. Hope this article will help you. Good Luck.