escrow services
Third-party holding
Escrow services hold money or assets on behalf of two parties until specified conditions are met.
A neutral third party—the escrow agent—releases the funds only when both sides fulfill their obligations.
Real estate transactions commonly use escrow: The buyer's deposit is held in escrow until closing.
Online marketplaces offer escrow services to protect buyers and sellers from fraud.
- intermediaryAgent linking two parties
- holdMaintain in grasp
- depositPlace for safekeeping
- contract lawRules governing binding agreements
- smart contractsSelf-enforcing coded agreements
dispute resolution · real estate transactions · fiduciary duty · due diligence · release · compliance · regulatory oversight · arbitration · trust account · third party · earnest money · contract enforcement · mergers and acquisitions · consumer protection laws · digital wallets · e-commerce platforms · online transactions · payment gateway
escrow servicesdirect payment
Funds transferred without intermediary
peer-to-peer payment · direct transfer · cash on delivery · Venmo · Zelle
escrow serviceshonor system
Trust-based compliance without supervision