Escrow.com announced that it now accepts Australian dollars to its escrow service. Escrow.com also accepts USD and Euro.
Escrow.com can be used for secure transactions involving any item of value, including domain names, vehicles, machinery, aircraft, space station hotel deposits or anything that a business or an individual might want to buy or sell safely online.
Escrow.com, that has processed over US$3.5 billion in transactions with its escrow service, acts as a trusted third-party that collects, holds and only disburses funds when both a buyer and a seller are satisfied with a transaction. It can be used for transaction sizes from $100 to $10,000,000 or more.
“Now, for the first time, merchants and online marketplaces in Australia have the ability to tap into the security and power of Escrow.com, ensuring safe transactions for buyers and no chargebacks, ever, for sellers.”
“Escrow.com has already made a name for itself in other markets, delivering unprecedented safety and security for online transactions, thanks to the escrow process, which sees funds kept in trust until all involved parties are satisfied with the deal,” said Escrow.com General Manager Jackson Elsegood. “With the launch of Australian Dollar capability, buyers and sellers in Australia can now make the most of what this escrow process has to offer.”
Escrow.com’s Australian Dollar launch comes a few weeks after the launch of Escrow Offer, the, a way to introduce the power of price negotiation into online platforms. This followed the release of Escrow Pay, which lets businesses integrate the protection provided by the Escrow.com API directly into their websites, mobile apps and online marketplaces.
Payments Australia Pty Ltd (trading as Escrow.com) provides the escrow service in Australia, Australian Financial Services Licence No. 501215.