How it Works: Secure Online Transactions with Escrowmart
Say goodbye to online transaction scams! Escrowmart ensures a safe and secure experience for both buyers and sellers. By following these simple steps, you can protect yourself from fraud and ensure a successful transaction.
How it Works
- Step 1: Agree on Terms
Buyer and seller agree on transaction terms, including escrow fee payment structure (50/50, buyer pays, or seller pays) and payment milestones (if applicable).
- Step 2: Create Escrow Account
Both parties create an account on https://www.escrowmart.com.ng
- Step 3: Deposit Funds
Buyer deposits the transaction amount into their Escrowmart account via their dashboard.
- Step 4: Create Escrow & Invite Seller
Buyer creates an escrow and invites the seller using their registered email address. Seller accepts the request and creates payment milestones (if applicable).
- Step 5: Seller Delivers
Seller delivers the product or service to the buyer.
- Step 6: Buyer Confirms
Buyer confirms satisfactory delivery and releases funds, authorizing Escrowmart to pay the seller.
- Step 7: Seller Requests Withdrawal
Seller updates their KYC information and requests withdrawal after KYC approval.
- Step 8: Release Funds
Escrowmart releases the funds to the seller.
Additional Features
- Chatting System: Real-time communication between buyer and seller within their dashboards.
- Disputes: Unsatisfied parties can trigger the "Disputes" button, allowing System Admin to join their chat to resolve the issue.
Powered by: Geewealth Technology (Nigeria) and Martrica LLC (USA).
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