From a kitchen remodeling contract to an IT project, Escrow.com’s 5 Simple Step payment process can be used to provide protection for both Sellers and their Buyers.
Buyers fund the full contract amount upfront and Sellers receive their milestone payments once each phase of the project is complete. This way both parties can be assured individual project commitments and deadlines are met and payment for them is received.
Both Sellers and Buyers benefit from using Escrow.com as a neutral third party to monitor and transact the exchange of payment and milestone.
Buyer sends the agreed upon payment in full to Escrow.com before the phase/milestone is complete. Sellers have peace of mind knowing payment is secured behind the Escrow.com shield before the job even begins.
Escrow.com does not release payments to the Seller until each phase/milestone has been completed and approved by the Buyer. Buyers can be certain project commitments will be delivered as agreed upon before payment is released.
Learn More About the Step-By-Step Escrow Process for Milestone Transactions