Excrow empowers banks and financial institutions to serve as third-party protectors of customer money during purchases.
Offering escrow services allows your institute to earn additional fees from transaction management and service charges, and can provide a stable revenue stream, as they are often used in recurring transactions and large deals.
Providing escrow services can enhance customer loyalty, as clients appreciate the added value and security offered by your institute.
An escrow service will help mitigate risks associated with large or complex transactions by ensuring funds are only released when conditions are met.
Interesting features on Excrow
Comprehensive records of all transactions and communications are maintained, providing transparency and accountability.
Excrow securely hold funds until all agreed-upon conditions between both parties are met, and they are later released.
Clients can track the status of their escrow transaction in real-time, providing transparency and peace of mind.
Escrow services comply with relevant legal and regulatory standards, ensuring the transaction is legally sound.