Register User:
Buyer and Seller will register themselves on Escrowvox.
Escrow Bank will act as an independent party in an agreement. This means that Escrow Bank holds and regulates the funds of the transaction until the conditions set out in the escrow agreement have been met.
Buyer and Seller will register themselves on Escrowvox.
1. Buyer and seller upload their agreed terms to
Escrowvox and Escrowvox reviews the terms to decide
whether the terms are acceptable by Escrowvox and
that Escrowvox can carry out the transaction smoothly.
2. Escrowvox will draft the tailored agreement for the
transaction of funds between the parties.
3. Parties will sign the agreement and upload the
document to Escrowvox.
1. The Buyer decides in which country
and currency it would like to remit the
funds.
2. The Buyer uploads the payment
confirmation slip on Escrowvox.
3. The payment is confirmed and
reflected on the Buyers Dashboard.
The Seller abides by the terms of the agreement and uploads the documents required to release the funds as per the terms of the agreement or Buyer accepts the terms and gives permission to release the payment.
Escrowvox deducts its charges and transfers/releases the funds to the Sellers Dashboard and the Seller is free to do what they want with the funds and can transfer it to their Seller or transfer it in any bank account of their choosing.