What is escrow service?
Escrow is a financial arrangement in which a third party holds and regulates the payment of funds required for two parties involved in a particular transaction. This helps make the transactions safer by saving payments in a secure escrow account that is only released when all terms of the agreement are met as overseen by an escrow company.
Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a website being built where the buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn’t want to extend a massive amount of work without any assurance that he or she will receive payment. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, PayVX provides online escrow services at affordable rates. While the payment is 'In Escrow' the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.
How does Escrow Work?
How does Escrow Work?
PayVX reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
1. Buyer and Seller agree to terms - Buyer or Sellers get started
transaction. After signing up for PayVX, all parties agree to the terms
transaction.
2. Buyer pays PayVX (escrow) - Buyer sends payment
with an approved payment method for our Escrow Account
secure, Escrow.com verifies payment, Seller notified that
funds have been secured 'In Escrow'.
3. Seller sends / sends goods or services (eg website) to
Buyer - After payment verification, Seller is authorized to submit
goods or services and submit tracking information. PayVX
verify that Buyer receives merchandise.
4. Buyer receives merchandise - Buyer has a number of days
to be checked for merchandise or services and an option to receive
or reject it. Buyer receives merchandise or service.
5. PayVX (escrow) pays Seller - PayVX releases funds to the Seller
from the Escrow Account.
PayVX Is The World’s Simplest, Fastest And Most Secure Payment Technology.
The Provided Crypto-Currency Escrow Service Builds A Secure Bridge And Creates
A Trust Relationship Between Both Parties
At payVX our goal is to ensure the safest and most efficient payment service available through the use of our escrow payment network.
For Online Business Transactions.
As Crypto-Currency Transactions Are Irreversible, Dealing With Untrusted Parties
As Crypto-Currency Transactions Are Irreversible, Dealing With Untrusted Parties
Constitutes Serious Degree of Risk For Both Buyers And Sellers.
PayVX Effectively Secures This Process, Ensuring Confidence And Trust For
Processing Those Operations.
Why PayVX?
The Fastest Easiest Payment Technology in the World, Fastest and Fastest
SECUREAt payVX our goal is to ensure the safest and most efficient payment service available through the use of our escrow payment network.
RELIABILITY
At PayVX our state of the art blockchain network will guarantee a safe and efficient transaction at impeccable speeds.
CONTROL
PayVX users will have full control and transparency of their transactions by using our escrow payment system.
IDENTITY THEFT ELIMINATION
PayVX utilizes the most up to date fraud and identity theft prevention software and techniques to ensure our users safety with each transaction.
ASSOCIATIONS & PARTNERS
ICO RATING
If you need information about PayVX, you can visit our link as below :
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