Securing a Bank Guarantee or Letter of Credit from Banks by Individuals & Businesses takes time & is expensive when engaging in local or international transactions.
Via our proprietary Escrow infrastructure, initiating an escrow transaction takes as little as 1 minute. Individuals and businesses can execute escrow transactions without going to the banks or having to deal with lengthy paperwork
The process involves 3 steps;
1. The contract and Agreement
2. The Payment
3. The Fulfillment
In the 1st Phase, transaction is created by either of the transacting parties, and important SLAs such as the amount, transaction due date & the transaction description are entered. The system uses the information supplied to generate a contract and create a dedicated bank account for that transaction where payment will be held for the transaction’s duration (Phase 2) . At the 3rd phase, the system requires a 2 level authorisation from the transacting parties before funds are