Myescrowservices is a licensed online financial escrow and payments processor. The company is an independent third party that safeguards the buyer's funds in trust until the seller delivers to the buyer what was promised. Myescrowservices does not release any funds to the seller until the buyer is satisfied with the goods or services received.
Found something to buy or sell? Register an account and create a transaction. Fill in the parties and the terms of the deal. You can upload any documentation if necessary.
After getting the counterparty registered, log in to your account and select "Create New Escrow". Myescrowservices will then invite the other party to your transaction. Does the other party think you are too pricey? No problem…you can negotiate with each other until a deal is reached.
Once the deal is struck, the terms of the trade are locked. The Buyer then deposits the money with Myescrowservices for safekeeping. Once the funds are verified, Myescrowservices will send a signed letter of confirmation to all parties.
The Seller must then arrange delivery of the goods or perform the service. Delivery is safer now that the funds are in the middle. Any courier or tracking information can also be uploaded.
Once the Buyer is happy with the goods or services received, Myescrowservices releases the funds to the Seller. If the Buyer is not happy, he/she can log onto Myescrowservices and lodge a dispute. This will allow parties to renegotiate certain terms.