Escrow Angel Payment Scheme

ea_web[1]What is Escrow Angel?

Escrow Angel is an online escrow and transaction management service that acts as a trusted third party who holds funds during a transaction between a Buyer and Seller and only releases the funds when what has been agreed between the parties has been fulfilled.

How does it work?

Escrow Angel is an online service that protects Buyers and Sellers in 5 easy steps:

Step 1 – Buyer and Seller register and agree to terms of transaction;

Step 2 – Buyer pays purchase funds to Escrow Angel;

Step 3 – Seller delivers goods or services to Buyer;

Step 4 – Buyer confirms satisfaction with goods or services;

Step 5 – Escrow Angel releases funds to Seller.

If at any point in the process a problem arises with the goods or service or payment, either party can raise a dispute. Escrow Angel will then securely hold the funds until the parties have resolved the dispute.

What are the benefits to the Buyer and the Seller?

Benefits to Buyer

  • Buyer’s money is protected since the funds are paid to Escrow Angel and not directly to the Seller
  • Buyer only releases the funds to the Seller once the Buyer has confirmed satisfaction with the goods or service
  • Buyer has the convenience of paying via a range of online payment options via internet banking, BPAY or credit card.
  • Buyer does not have to go to the bank to obtain a bank cheque.
  • In the event of a dispute, the Buyer’s funds are securely held by Escrow Angel and only released once the dispute has been resolved.
  • Total peace of mind when entering into a transaction.

Benefits to Seller

  • Seller obtains upfront commitment from the Buyer before delivering goods or service
  • Seller is protected against non-payment or payment fraud by the Buyer.
  • Seller has the convenience of accepting a range of convenient payment options such as BPAY and credit card. Funds are deposited directly into the Seller’s bank account. No need to go to the bank to deposit cheques.
  • Provides greater business integrity and credibility making the Buyer feel more comfortable about doing the deal.
  • In the event of a dispute, the funds are securely held by Escrow Angel and only released once the dispute has been resolved.
  • Total peace of mind when entering into a transaction.

For further information, visit www.escrowangel.com.au