Escrow System
Escrow is not a new concept in the businesses. This is one of the old and reliable concepts which are still effective, since the online business is not so secure and reliable. The escrow concept is the financial instrument dealt with a third party on for the betterment of two other parties, because there is a lack of mutual trust between those two parties. To make the fund transfers more authentic the respective parties select one third party whom they believe as trustworthy. They provide the money or document to the escrow, who will be considered as the middle man between the two, supervises the transaction until its end and makes sure that the dealing is fair.
If any one party tries to deceive the other, the security document or money with the escrow act as the axis, which will be provided for the victim, in case any fraudulent has been detected. Using the escrow will keep the buyers and sellers safe from being cheated. When you use iNet verification as escrow, we collect money from the buyer and hold it until the dealing is finished smoothly.
Process of Escrow system with iNet verification
Once both the parties agree to use iNet verification,
- The buyer will hand over the payment to iNet verification instead sending directly to the seller
- iNet solution will keep on tracking the shipment of the product and makes sure the smooth dealing
- Once the buyer received the product will provide information to iNet verification whether he/she accepts the item or not.
- If the product is accepted by the buyer or the time provided to inspect the item is ends, the payment will be made to the seller.
- In case the item is returned to the seller, since the buyer is not satisfied with the product, then the buyer will have to pay the shipment and the escrow fees. This rule will minimize the unwanted goods return, and the payment reducing the above mentioned fees will be returned to the buyer.
Benefits of iNet Verification Escrow system
iNet verification is a subsidy of trusted iNet Solution Company, which is a web designing and developing company based at Chennai, India, being in the business more than 6 years. So there is no need to question about the trust of the iNet verification.
Using escrow the business functions smoothly, and both the buyers and sellers need not to worry about the authenticity of the each other and their products, since iNet verification will be there till the end of the dealing.
The presence of iNet verification will be a good support for your business transaction and brings down your worry about the business dealings.
Online transactions and businesses have never been easy until the emergency of the iNet verification, because it is being there for the safest mode of transaction.
When compared to the other escrow services, iNet verification charges very less commission, so profitable for both the parties. The reliability and objectivity of iNet verification will a added advantage in the transaction.
Buyer Benefits
- Security, tranquil mind, as per your convenience
- Ability to pay via online money transfer such as PayPal, Credit card etc.
- Good customer support either by phone or mail
- Ability to transfer confidential matters with security
- Money back once product is unsatisfactory
Seller Benefits
- Security, tranquil mind, as per you convenience
- Payment verification possible prior to send your product
- Payment guarantee once product is received
- Ability to send online money transfers such as Credit card, PayPal, etc
- Low escrow fees, compared to other processing methods
- Good customer support either by phone or mail
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Welcome to iNet Verification
