Escrow.com is a secure third party payment method, and is recommended for all Flippa transactions.
Benefits to the buyer
When making purchases online, it is hard to guarantee that you’re getting what you pay for. Escrow.com removes all elements of doubt on the behalf of a buyer that their money will be spent exactly as intended.
Money isn’t released to the seller until they are satisfied with the goods.
Benefits to the seller
The seller is notified by Escrow.com once they have received payment on their behalf which guarantees that as soon as the merchandise has been received payment will be made. This avoids those instances of having to chase customers for unpaid invoices or having to dispute those buyers who ‘didn’t receive’ their goods and are requesting refunds.
To get started, follow these steps.
- The buyer and seller will need to agree to the transaction terms.
- The buyer uses the secure online system established by Escrow.com to transfer the funds for the digital asset and the seller is notified, any updates will be noted in the seller completion area of your flippa account.
- The seller transfers ownership and provides tracking information to Escrow.com. The buyer has a specified time period determined by the seller to accept the item and advise Escrow.com that this has been accepted.
- Once the merchandise has been accepted by the purchaser, Escrow.com releases the funds to the seller and the transaction is complete.