Escrow Accounts
Secure trust in your users’ transactions.
Receive and disburse money dependent on conditions agreed by the transacting parties.
How it works
Secure your customer transactions with your own Escrow Service
Secure trust in your users' asynchronous transactions
Many online transactions between two parties are asynchronous. A party must first advance the money to receive the commodity or asset.
With an escrow account you can allow users to receive and disburse money dependent on conditions agreed by the transacting parties (i.e. a proof of receipt).
Conditions parameterization
We provide ready-to-use multivariable parameterization of any escrow rules, including type of transactions, due time, reminders, multi-beneficiaries flows, third parties dispute management and more.
No financial intricacy
Forget about financial and compliance management on your own thanks to the e-money license of our partners.
Frequently asked questions
What is an escrow account?
An account where money is held until the agreed conditions are met, for example proof of delivery, and then released to the beneficiary. It protects both sides of a transaction that does not happen at the same moment.
When does a platform need escrow?
Marketplaces, crowdfunding, invoice trading, rentals and any case where one party pays before receiving the goods or service.
Which conditions can I set?
Type of transaction, deadlines, reminders, multiple beneficiaries and dispute management with a third party, all configurable.
Who holds the money in escrow?
The payment institution or electronic money institution we work with, never GrowishPay.
Let’s embed finance together!
Let us know your ideas and needs and we will be in touch shortly