e-Powersllers List of known Escrow Sites
Escrow Sites
e-Powersellers list of known Escrow sites
What is Escrow?
An escrow is like a vault operated by a
trusted third party, it is a possibility to
put an amount in safe custody until a
predefined condition is met. When the
condition is met, the trusted third party
executes the release to the predefined
destination (opens the vault for the
predefined party ).
Why use Escrow?
An Escrow is a safe and easy cross border
payment instrument, protecting the supplier
against non-payment by the buyer and equally
protecting the buyer against non-performance
by supplier.
How does it work?
1. You buy or sell a product and you have
agreed the price and other conditions such
as time of delivery. You have also agreed to
use Escrow Services to secure payment or
payment release.
2. The buyer then pays the purchase price
into the escrow account of Escrow Services.
3. Escrow Services advises the supplier that
the agreed amount is in escrow.
4. At the moment the supplier meets his
obligation, and buyer accepts, the buyer
will provide through the seller a pre-agreed
irrevocable payment instruction to Escrow
Services.
5. Immediately after Escrow Services
receives the agreed instruction, the
escrowed amount will be transferred to
seller.
e-Powersellers does not support or endorse
any of the services listed below. They are
just listed as a courtesy for eBay or
Auction buyers and sellers. Please read each
companies terms of service, privacy
statements and fee structure. Please make
sure you research each company completely
before entrusting your money to an escrow
service. Please look for ones endorsed by
eBay or the auction site you are using.
Bankers Escrow
Bankers Escrow Corporation provides
nationwide 1031 Exchange and Escrow
services. We are experienced in simple,
reverse and construction 1031 Exchanges.
Additionally, we are experts in escrow
transactions for cash/document escrows,
software, partnership and loan servicing
with tax and insurance reserve escrows.
Escrow.com
Headquartered in Irvine, CA, Escrow.com and
its operating subsidiaries provide online
escrow services that facilitate and
accelerate e-commerce by assuring secure
settlement.
Fortis Escrow
Fortis Escrow Services is a 100% subsidiary
of Fortis Bank and part of the Fortis Group,
an international financial services provider
active in the fields of banking, investment
and insurance. With around 60.000 employees
and over a 100 business centres in Europe
and the Far East, Fortis ranks among the
twenty largest financial institutions in
Europe.