The purpose of escrow is to act as a third party between the seller, the buyer, and the escrow provider to hold the funds for the buyer and seller in a transaction. It involves retaining funds with a trustworthy and neutral third party, whose responsibility is to release funds when both parties fulfill their contractual obligations. Both buyers and sellers are protected by trusted escrow companies like Vouch
An advantage for the buyer
Those on the buying side will ensure that their payment is released only after the seller fulfills the seller's obligation, such as shipping the goods. Furthermore, you are protecting the buyer from any delays by ensuring the money only becomes available upon mutually agreed-upon delivery dates. The money of the buyer is protected in case the goods fail the inspection.
An advantage for the seller
Consider a business that is in the selling industry. When the purchaser funds the escrow account before the seller releases the item, the seller is assured that the purchaser intends and is able to pay. Additionally, Vouch offers a guarantee for every transaction, which is a big benefit for small businesses since they lack the working capital required to cover late payments.
There are many small-business owners who entrust their online transactions and transfers to escrow services, regardless of whether it is a high-value transaction or a low-value transaction. With Vouch, you can exercise caution and transact worry-free and securely if you do not know the person with whom you are working.
All these problems? - All in one solution!
Vouch is a platform that has been helping small businesses on Instagram and Facebook for a very long time now. It provides all kinds of solutions to small business owners' problems. It doesn't matter whether it involves payments or a dispute between customers and the business. If you are Vouched, you do not have to worry about anything.
Here's how Vouch makes business easier
Information no longer has to be shared with strangers over the internet. You can initiate a transaction with customers even if they are not registered on Vouch. Once Vouched, you don't have to double-check the details of customers. Once a transaction is funded, you can begin working.
You can even ask for advance payments without putting your customer at risk. They can always opt to get a refund if the product is not delivered. And if the customer is just playing around and returning the product even though it is exactly was what they wanted then the seller gets the payment.
Create a free store on Vouch
You can add your products on Vouch and create an online store for FREE. Once you've added your products, you can share your store link on Instagram and Facebook for your customers to browse through your products and buy directly. This not only eliminates the chat factor but also proves to be good for your reputation.
Get all your reviews in one place
Once Vouched, you no more have to tell people to browse through your highlights to decide whether you are a trusted seller or not. You can simply share your store link on your Facebook and Instagram handles which can be a better choice for your customers to look for the kind of reviews you've got so far from your existing customers.
There is no doubt that Vouch is the best platform for businesses and freelancers.
Digital Escrow Service In India.
Digital escrow services are offered by many companies in India. Among the most trusted is Vouch.
Vouch’s Digital Escrow service is a transparent way for buyers and sellers to build trust and secure a clean transfer of product and payment. Sellers can feel assured that they will be fairly compensated promptly, and buyers will feel confident that their order will be delivered as expected and on schedule. If you ever come across a fraudster asking for OTP, asking you to scan a QR code, or asking you to click on phishing links, you can simply say no and ask him/her to proceed with the transaction through Vouch.
There is no scope for deceit or fraud since the payments, shipping, delivery, and execution are carried out under the honest and watchful eyes of the Vouch’s professionals. With Vouch, any business transaction becomes transparent, uncomplicated, and hassle-free. If you ever come across a fraudster asking for OTP, asking you to scan a QR code, or asking you to click on phishing links, you can simply refuse and ask him/her to proceed with the transaction through Vouch.
Check back here to learn more about Escrow and how to protect yourself from fraud.
Now that we have you up to date on online safety, let's get your transactions secure on Vouch. It's just a click away.