Why should you be using Escrow for your business?

[nomad]

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.

 

[Starmix]

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.

 

[Kera]

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

 

[cherry123]

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