What is escrow?
Escrow is the term used when a contractual arrangement between two or more parties is put in place, in which an Escrow Company will hold funds or property during a transaction, acting as an independent third party.
Please email for Escrow service, UK Mainland Only ( Seller Shipping ), International Buyer Pays shipping,
Escrow Services can be used in almost any situation where money or property is being transferred between parties.
How does Escrow work – our 5 step guide
Riverside Escrow will act as an independent party in an agreement. This means that Riverside Escrow holds and regulates the funds of the transaction until the conditions set out in the escrow agreement have been met.
A buyer and seller make an agreement
Party A and Party B agree to terms - Riverside Escrow will draft an escrow agreement tailored to the clients needs. This agreement will contain specific release of funds conditions.
The buyer pays Riverside Escrow
Payment to escrow
Party A - submits a payment by approved payment method to our Escrow Account, Riverside Escrow verifies the payment and notifies the parties that funds have been deposited.
The seller sends the goods to the buyer
Party B provides the goods or services to party A.
The buyer accepts goods as per agreement
Party A receives the goods or services and proof of contract and completing is provided.
Escrow releases funds to seller
Riverside Escrow releases funds to Party B from the Escrow Account.