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Escrow Payment Services in Nigeria

Escrow Service for Buyers and Sellers in Nigeria

Escrow Payment Services in Nigeria can Help Freelance Programmers Get More Deals

Programmers offer services and one interesting way they can strike deals with unfamiliar clients is by the use of escrow service payment.

This way, the programmer can carry on with this work confidently knowing that his payment is out from the client and already secured somewhere (with an escrow company) waiting for him to complete his job.

The client too will be more trusting knowing that his payment will not get to the programmer until the job is delivered.

I recently came across the article below and thought it might be beneficial to those who engage programmers and even programmers themselves.


Ecommerce in Nigeria, estimated at $13 billion by the London based Economist Intelligence Unit (EIU), is a vital sector that, if properly harnessed, can create more means of livelihood for individuals and massive jobs for youths, enhance Market Access and sales for SME’s, boost economic development, reduce poverty and help in achieving some other Sustainable Development Goals.

Unfortunately, the progress of ecommerce in Nigeria is being hampered by several factors, one of which is distrust caused by the activities of fraudsters and scammers who pose online as genuine sellers or buyers.

It is very common to have situations where buyers pay for programming job only to wake up to the realization that they have been scammed.

Same applies to unsuspecting programmers who accept and start working on jobs and end up either incurring losses or getting out rightly defrauded.

To solve the mistrust between buyers and sellers and to drastically reduce incidences of online fraud, escrow payment arrangements by EscrowLock have proved beneficial.


Escrow payments are such that a buyer, instead of paying to the seller directly, agrees to an arrangement with the seller and pays the money to a mutually trusted third party (escrow company/agency like EscrowLock) who holds the money and releases it to the seller when it has been confirmed that the buyer has received the property.


EscrowLock escrow payment can be used for the purchase of virtually any kind of product/service, including:

Full article at Escrow Payment Arrangements in Nigeria