Online escrow involves a five-step payment procedure designed to safeguard both buyers and sellers during a transaction.
At Escrowguardians.com, funds are held in escrow while the seller delivers the goods and/or services to the buyer. Funds are only released once the buyer has received and agreed to the goods and/or services.

While the length of the escrow process can vary, most transactions are completed within 1 to 20 business days. However, it is important to note that time frames may be unique to each transaction and depend on the following steps. Below you can calculate the estimated timeframe for your transaction:

1. Account Creation and Verification: The account creation process is quick and easy. You only need to complete the required fields on Escrowguardians.com. However, for transactions over $3,000 USD, all users involved in the transaction will need to go through an individual or corporate account verification process. Once the verification documents are uploaded, Escrowguardians.com will review them within up to one business day.
2. Buyer’s payment method: Buyers have several payment options, including wire transfer, credit card or PayPal. For bank transfers, the process usually takes 1-5 business days. Payments made via PayPal and credit cards are processed within one business day. Payments received over the weekend will be processed the next business day. For more information on payment options, click here.
3. Delivery Time: The time it takes for delivery from the seller to the buyer will depend on the method of shipment and the type of goods or services negotiated. Escrowguardians.com requires that all trackable tangible goods be shipped via a secure, online trackable shipping method.
4. Inspection Period: Buyers and sellers select an inspection period that can range from 1 to 30 days.
5. Disbursement Method: Sellers can receive funds via domestic or international wire transfer, or domestic ACH payments. Domestic wire transfers are generally received within one business day, while international wire transfers can take 3-5 business days. ACH payments are usually received within 3 business days. If the disbursement exceeds USD 500,000, a wire transfer will be required to receive the funds.

Please note that for some transactions, such as those involving milestones, domain name holdings, or vehicle title or lienholder services, times may be longer due to the additional services provided.

At the start of the transaction, the buyer, seller or broker must agree on the terms, which includes establishing a period of time designated as the “Inspection Period”. This period allows the buyer to examine the goods once they have been received.

All parties involved in the transaction have the option to determine an Inspection Period that can range from 1 to 30 calendar days.

When the Inspection Period comes to an end and Escrowguardians.com has confirmed that the buyer has received the items, then Escrowguardians.com will proceed to release the funds to the seller.

When the buyer decides to reject the items, it is the buyer’s responsibility to return them to the seller within 10 days from the time of rejection. In turn, the seller has 5 days to inspect the returned items. If the seller accepts the returned items, a refund will be made to the buyer for the original payment, except for the original escrow fee and shipping charges. The broker’s commission is considered a fee for the success of the transaction; therefore, the broker will only receive the commission if it is stated in the escrow agreement. In the event of cancellation (after receipt of funds) or rejection of the items, the buyer is responsible for the escrow fee, regardless of whether the escrow fee is paid by the buyer, seller or broker.

A brokered transaction is a transaction involving a buyer, a seller and a broker. These transactions are conducted through Escrowguardians.com‘s online platform, where the broker creates the transaction. The broker specifies the details of the items to be sold, the purchase price and the amount of the broker’s commission. The difference between the purchase price and the broker’s commission represents the seller’s revenue. Once all parties have agreed to the terms of the transaction on the Escrowguardians.com website, the broker obtains the funds from the buyer and notifies the seller to ship the items to the buyer. At the end of the transaction, the seller receives his proceeds and the intermediary receives his commission. Both the buyer, the seller and the intermediary are protected equally throughout the transaction process.

In a confidential broker transaction, the financial terms (purchase price, escrow fee and broker’s commission) are not shown to the Buyer or the Seller. The broker’s commission may be paid by the Buyer, the Seller or split between the Buyer and the Seller. The escrow fee may be paid by Buyer, Broker or split 50/50 between Buyer and Broker.