Escrow.com is quite a popular name when it comes to making secure online transactions. Often when making online work agreements with someone you don’t know, there’s a chance of fraud. However, websites like escrow ensure this does not happen and release funds after fulfillment of the work agreed upon. This is a very safe way of online transactions between two parties. The website has now been awarded with the BBB Torch Award for ethics in the largest company category (50+ staff).
This news was mailed by escrow to all their users. This mail further reads:
“Escrow won in the largest company category (50+ staff). We’ve quadrupled in the last year with staff now in four countries!
“Torch Awards winners demonstrate the highest ethical standards of trust toward customers, employees and the communities in which they do business,” said Lori Wilson, President and CEO of BBB serving the San Francisco Bay Area and Northern Coastal California.
Escrow.com is now in the running for the 2017 International Torch Awards for Ethics which will be announced in July.”
Escrow.com ensures safety of transactions with the help of a five-step method:
- It begins with the buyer and seller agreeing upon the terms
- The buyer then pays Escrow.com the amount to be paid to the seller
- Following that the seller would ship merchandise to the buyer
- The buyer has two days to look at it and send revisions.
- Escrow then pays the seller.
This ensures that the seller knows he will get paid after the work is done, and that the buyer is also assured the seller is genuine and won’t run away. Escrow is also running a special offer stating: ‘To celebrate the award, and as we take Escrow.com to new heights, if you complete your transaction between the 4th of May and 12th of May 2017 PDT inclusive you automatically go into the draw to win a Parrot Bebop 2 Drone!’