An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.
Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a website being built where the buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn't want to extend a massive amount of work without any assurance that he or she will receive payment. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, Global Shipping & Freight Escrow provides online escrow services at affordable rates. While the payment is 'In Escrow' the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.
Global Shipping & Freight Escrow reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
1. Buyer and Seller agree to terms - Either the Buyer or Seller begins a transaction.
2. Buyer pays Global Shipping & Freight Escrow - The Buyer submits a payment by bank wire transfer to our secure Escrow Account, Global Shipping & Freight Escrow verifies the payment, the Seller is notified that funds have been secured 'In Escrow'.
3. Seller ships merchandise to Buyer - Upon payment verification, the Seller is authorised to send the merchandise through Global Shipping & Freight Escrow. We verify that the Buyer receives the merchandise.
4. Buyer accepts merchandise - The Buyer has a set number of days to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise.
5. We pay the Seller - Global Shipping & Freight Escrow releases funds to the Seller from the Escrow Account.
Transaction is complete - safely and securely!
Using Global Shipping & Freight Escrow whether you're a buyer or a seller, you'll never get stuck wondering what to do next or where you are in the transaction.
When you make a transaction using Global Shipping & Freight Escrow, your funds are held in secured, non interest bearing trust Escrow Accounts until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud or wrongly described goods.
Our licensed and regulated services are also backed by our experienced and knowledgeable escrow officers.
At Global Shipping & Freight Escrow we offer email support 24 hours a day, 7 days a week.
Global Shipping & Freight Escrow accepts for payment only bank wire transfer.
Global Shipping & Freight Escrow provides a host of advantages for people who choose to transact with it. Whether it is digital goods, vehicles, antiques, jewelry, art work, or domain names and websites, Global Shipping & Freight Escrow ensures that all buyers and sellers are protected equally and their disputes dealt with the utmost concern. Global Shipping & Freight Escrow verifies the funds sent by the buyer and keeps them in our secure trust escrow account for the seller. The seller ships the merchandise only after the buyer has made complete payment to Global Shipping & Freight Escrow. Global Shipping & Freight Escrow tracks your merchandise to make sure that it is delivered in time according to the conditions mentioned in the agreement. The seller is not paid until the buyer accepts the merchandise and has the chance to fully inspect it. After the buyer inspects and accepts the merchandise, the funds will be moved from our escrow account to the seller's account.
There is no scope for uncertainty or worries as the entire transaction is conducted under the supervision of Global Shipping & Freight Escrow's honest and diligent professionals. With Global Shipping & Freight Escrow's reliable brand shielding your transaction, you can rest assured that your funds are in safe hands, free from fraud. The sale is highly simplified as you, the buyer, just pay off your price and let Global Shipping & Freight Escrow handle everything else, be it shipping, delivery or quality inspection. Global Shipping & Freight Escrow's sliding revenue scale ensures that large transactions don't mean huge chargebacks and fees.
It depends upon :
1. The inspection period agreed upon by both parties.
2. The Buyer's payment method.
3. Delivery time from Seller to Buyer.
4. Seller's selected disbursement option. Generally, most escrow purchases can take from five to 60 days.
Typically, funds are disbursed the same or next business day following the completion of the transaction.
When the Buyer and Seller agree to terms, an Inspection Period between 1-30 days is specified. The Inspection Period is the time the Buyer has to examine the item once received. If the Inspection Period has expired and Global Shipping & Freight Escrow has confirmed that the Buyer received the item, Global Shipping & Freight Escrow assumes that the Buyer has accepted the item; therefore, the Seller is paid. In case the buyer rejects the item for any reason, the seller will receive his item back on his expense and the buyer will be fully refunded.
