Security, trust, online trade, and modern digital money.

In the world of daily transactions, every successful transaction should be honoured and celebrated. You’d send money, they'd ship your goods or services ordered, and everyone would live happily ever after. 

But if you spend more than five minutes online, you know that's not always the case.

While direct payments are safe for your monthly Netflix bills or your pizza and Coldstone, some transactions carry too much weight to be left to “good vibes”.


Here is exactly when you should stop reaching for your credit card and start looking for an escrow service.

1. 1. High - Value Physical Goods

If you are buying or selling items like luxury watches, clothes, fine arts, rare collectables, cars, equipment, etc, escrow is a must. When thousands of naira are on the line, you need to be sure that the “mint condition” items aren't just fake. 
Escrow allows the buyer to receive the item and gives them the chance to inspect the goods before funds are released to the seller. 

1. 2. Domain Name Transfer

Buying a domain name is difficult. How do you transfer ownership of a digital asset safely? 
If you pay the seller first, they might not make the transfer, if the seller transfers the domain first, they lose their only leverage.
Escrow service holds the funds until the ‘push’ happens, once access has been transferred successfully, the funds are released to the seller, thereby protecting the buyer's capital and the seller's assets. 

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2. 3. Large Freelance and Milestones

Hiring a developer for a $10,000 app project or a contractor for a home renovation, paying the full amount upfront is risky, but professionals often need a deposit to start.
What do you do? Use an escrow service to fund milestones. 

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The money is held safely and will only be released once a specific part of the project is completed and approved by you.

1. 4. Real Estate Transactions 

Property involves massive sums of money. An escrow is often used in real estate to keep the buyer's deposits secure during a home purchase and distribute funds in accordance with a signed contract.
The funds are held in the escrow account until the deal closes or is terminated.

1. 5. Transactions With Unknown International Parties

International deals can be more complicated because laws are different and it's harder to take action if something goes wrong in another country. 
If you are buying from a new supplier abroad, escrow makes things fair. It reduces the risk of distance by making sure the payment is only released based on the agreed terms no matter where or in which country both parties are. 

If at any time you want to make a purchase or sell any goods and the answer to the question “Can I afford to lose this money or goods if things go wrong?” is a firm “No”, then you should be using an escrow service.

It doesn't matter if the transaction is not a high-stakes one or involves a huge amount of money, make use of an escrow service.
While there is usually a small fee involved, it is safer and more secure.

Don't leave your hard-earned money to chance. Whether you're closing a business deal or buying a one-in-a-million collectable, Escrow Village provides the security and transparency you need.

Visit www.escrowvillage.com today to see how easy it is to protect your funds and transact with total peace of mind.