An escrow is a financial arrangement in which a third party holds and regulates the payment of funds between two parties involved in a transaction. This setup enhances security by ensuring that payment is only released once all terms of the agreement are fulfilled, as verified by the escrow company.
Escrow is particularly useful in high-value transactions requiring specific conditions to be met—such as in web development, where a buyer may want quality assurance before full payment, while the seller seeks payment security. Traditionally, escrow services required banks or lawyers, but WT Trucking Inc. offers affordable online escrow services for your convenience.When funds are In Escrow with both parties can proceed with the transaction confidently, knowing their money or merchandise is protected against fraud. This simplifies the process by eliminating complex legal procedures and fostering secure, transparent exchanges.
reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
1. Buyer and Seller agree to terms
– Either the Buyer or Seller begins a transaction with .
2. Buyer pays
– The Buyer submits a payment by an approved payment method to our secure account, verifies the payment, the Seller is notified that funds have been secured ‘In Escrow’.
3. ships merchandise to Buyer
– Upon payment verification, sends the merchandise and submits tracking information.
4. Buyer accepts merchandise
– The Buyer has a set number of days to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise
5. pays the Seller
– releases funds to the Seller from the Escrow Account.