WHAT ACTUALLY IS ECROW

What is Escrow?


This is for everyone out there who has little or no idea what escrow is.

Usually there are 2 parties 🔰Buyer and the Seller.

Escrow is a third party or a third person involved in the deal.

🔱 Now let’s see how ESCROW works 🔱

🔰Seller posts a product or service for sale that attracts a buyer.

🔰Deal is finalised and both the parties agree for escrow.

🔰Buyer first pays the money in full to the ESCROW.

🔰Escrow then instructs the seller to deliver the promised product or service.


🔰Once that is delivered and the buyer is satisfied, the buyer then informs the same to the escrow.

🔰Escrow now releases the money to the seller

‼️ So here, if the buyer sends you a fake product or doesn’t send anything at all, the money is still safe with ESCROW which will be given back to you.

⚜️Does SFS ESCROW charge anything?

Yes, they won't charge fees

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