An escrow is a financial arrangement where a third party holds and regulates the payment of the funds required for two parties involved in a given transaction.
It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company
Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a website being built where the buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn’t want to extend a massive amount of work without any assurance that he or she will receive payment.
While the payment is ‘In Escrow’ the transaction can be safely carried out without the risk of losing money or merchandise due to fraud.
This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.
Freight Apex 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 Freight Apex.
2. Buyer pays Freight Apex – The Buyer submits a payment by an approved payment method to our secure account, Freight Apex verifies the payment, the Seller is notified that funds have been secured ‘In Escrow’.
3. Freight Apex ships merchandise to Buyer – Upon payment verification, Freight Apex 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. Freight Apex pays the Seller – Freight Apex releases funds to the Seller from the Escrow Account.
As one of the leading providers of escrow and shipping services online, Freight Apex provides a host of advantages for people who choose to transact with it. Whether it is digital goods, vehicles, antiques, jewelry, art work, or domain names and websites, Freight Apex ensures that all buyers and sellers are protected equally and their disputes dealt with the utmost concern. Freight Apex verifies the funds sent by the buyer and keeps them in our secure trust escrow account for the seller. We ship the merchandise only after the buyer has made complete payment to Freight Apex . Freight Apex ships and tracks your merchandise to make sure that it is delivered in time according to the conditions mentioned in the agreement. The seller is not paid until the buyer accepts the merchandise and has the chance to fully inspect it. After the buyer inspects and accepts the merchandise, the funds will be moved from our escrow account to the seller’s account.
There is no scope for uncertainty or worries as the entire transaction is conducted under the supervision of Freight Apex honest and diligent professionals. With Freight Apex reliable brand shielding your transaction, you can rest assured that your funds are in safe hands, free from fraud. The sale is highly simplified as you, the buyer, just pay off your price and let Freight Apex handle everything else, be it shipping, delivery or quality inspection. Freight Apex sliding revenue scale ensures that large transactions don’t mean huge charge backs and fees.
Using a licensed escrow service to buy and sell merchandise, services and more is the most convenient way to complete transactions online. Facilitated by a trusted third-party, the escrow process acts as your personal tool to ensure a safe, secure and intuitive sale for both buyers and sellers.
When you make a transaction using Freight Apex , your funds are held in secured, non interest bearing trust account until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud or wrongly described goods.
Freight Apex is a representative logistics operator providing full range of service in the sphere of customs cargo and transportation worldwide.
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