Due to the prevailing high incidence of fraud and scams associated with online transactions in Nigeria, it is imperative to educate the reading public on how Nigeria’s escrow service company can be used by buyers and sellers to protect themselves from getting defrauded when selling or paying for goods ands services online.
One of the major challenges individuals and startups engaged in online business in Nigeria face is the issue of trust from buyers.
Buyers usually ask; “how do I trust that you are genuine and will not run away with my money if I make payment into your bank account”?
Buyers who ask this type of question are simply seeking to protect themselves, which is normal or even a good thing.
If you are a seller and find yourself in such situation, the best way you can reassure the buyer that you are genuine is to suggest that they can use an escrow service provider like EscrowLock.com to pay you.
What does an escrow service provider do?
An escrow service provider, like EscrowLock.com, is a trusted company that receives payment from the buyer, locks it for a period of time to allow the seller deliver to goods/service to the buyer, after which the payment from the buyer can be released to the seller.
What is the meaning of Escrow service?
Escrow service is a service offered by trusted and licensed companies like EscrowLock.com, in which EscrowLock receives money from the buyer in a transaction and only releases same to the seller when the seller delivers the right goods/services to the buyer.
Does Escrow Work in Nigeria?
Yes, Escrow currently works in Nigeria and is being offered by EscrowLock, a leading escrow service provider which has operations in Nigeria.
Does EscrowLock Escrow Service Company Offer Buyer Protection for Buyers in Nigeria?
Yes. EscrowLock offers buyer protection for buyers in Nigeria, just as it offers to sellers. It is win-win situation for all the parties involved in the transaction and using EscrowLock.
Does EscrowLock Escrow Service Company Offer Seller Protection for Sellers in Nigeria?
Yes. EscrowLock offers seller protection for sellers in Nigeria, just as it offers to buyers. It is win-win situation for all the parties involved in the transaction and using EscrowLock.