When you’re conducting a business transaction or private transfer, you need to add a layer of protection for yourself and the other parties involved. One of the easiest and most reliable ways to accomplish this is by using an escrow service to fund and process the transaction. An escrow service provides several benefits to both buyers and sellers who are conducting transactions that aren’t regulated by any large financial or lending institution.
Escrow services act as security regulators between corporations, private individuals, teams, and more who are in the process of conducting a monetary transfer. With an escrow service, your money or product is protected from fraud and theft by being held in a security deposit account until the transfer is confirmed to be completed successfully.
Commonly when two private parties are conducting a monetary transfer for an item or asset, they’ll simply establish a verbal agreement which is the only layer of protection until the transaction is carried out. This has proven to be a very unreliable way to secure funds or asset acquisition due to the fact that there is no legal backing protecting the parties involved.
With an escrow service, a legally binding agreement is established before any transaction can take place. The two parties involved will agree on the terms of the given transaction such as how much should be paid, what is to be transferred to the buyer upon payment, how the payment should be made, and when the payment should be released.
These parameters are the backbone of your escrow agreement which is binding to both parties. This protects everyone involved from the threat of having their items stolen or money fraudulently released. Once the agreement is set-up, the buyer will be required to make a security deposit which ensures that the seller will receive payment for their furnished goods or services.
Payment is only released once both parties have confirmed that the transaction was completed successfully. This provides an impenetrable layer of protection and security for all parties involved with transactions of all sizes and types. If you want to experience the benefits of using an escrow service to complete your transaction, Fadellapay.com can help you locate the right escrow agent who will be able to assist you in completing the transaction of your choice.
Fadellapay.com is one of the leading escrow agency services available and our online system makes it easy for people everywhere to automatically process escrow transactions that are carried out by trusted financial institutions. We only accept verified escrow agent who have a proven track record of providing exceptional service and are legally credited to conduct escrow services.
If you are someone who is looking to conduct a transaction and need to find a reliable escrow service to help, Fadellapay.com will be able to handle your entire escrow transaction process with only a little bit of information required from your end. Don’t complete another transaction without using an escrow service to protect your funds and assets, Fadellapay.com can help effortlessly process verified escrow transactions that are safe and secure.