Why should you be using Escrow for your business?

If you have worked on Fiverr and Upwork, you will understand what Escrow is. It is a payment mediation system that secures funds for buyers and sellers. A freelancer and online entrepreneurs will often face payment-related challenges like employers refusing to pay or not delivering job after receiving payment. Escrow provides solution by establishing trust between the two parties, Escrow acts as a neutral third party and holds funds until the work is completed. This safeguards both the buyer and seller and ensures a fair and secure transaction.

That is very interesting but I am not working on Fiverr and Upwrok though my friend always invites me to join. I cannot anymore manage my time. I have work and business to attain every day.

A reputable escrow gives everyone on both divides of the transaction that peace of mind that no one would be scammed.

Escrow is needed in business transaction as it safeguards both the buyer and seller and ensures a fair and secure transaction.