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Nairaland Forum / Entertainment / TV/Movies / Escrow Service for Online Transactions in Nigeria (237 Views)
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Escrow Service for Online Transactions in Nigeria by Apologize(m): 8:04pm On Oct 29, 2022 |
We make enquiries on the terms of the agreement * Buyer shows commitment to the seller by making payments to our escrow account * We notify the seller that funds have been secured from the buyer * We notify the seller to deliver the product or service to the buyer within the stipulated time * Buyer confirms delivery of the product or service * Buyer confirms that the agreed terms are met and satisfied * We release funds in our escrow account to the seller * Transaction is complete - safely and securely! CATEGORY B (FOR SERVICE SUCH AS E-CURRENCY EXCHANGE FROM BUYER TO SELLER) * Buyer sees a seller he/she would like to sell an e-currency to but is scared seller may not deliver if he/she sends the e-currency in advance * Buyer and Seller agree to terms. Either the Buyer or Seller begins a transaction by creating a WhatsApp group and invites the escrow agent * We make enquiries on the terms of the agreement * Seller shows commitment to the buyer by making payments to our escrow account * We notify the buyer that funds have been secured from the seller * We notify the buyer to send the e-currency to the seller within the stipulated time * Seller confirms delivery of the e-currency * Seller confirms that the agreed terms are met and satisfied * We release funds in our escrow account to the buyer * Transaction is complete - safely and securely! Our Service Fee and Payment Terms * We charge an escrow fee of 5% of the transaction value (Naira) |
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