What is Escrow?


An Escrow account is like a “prepaid account” which can be funded for a predetermined use. An online escrow service helps manage the completion of a purchase between two parties who don't know one another. Escrow serves to hold funds, as a...

How Escrow works on ifreelance247?


How Escrow works for the employer: After awarding the job to a freelancer or provider, the employer funds his escrow account using one of the available payment gateways on the ifreelance247 site. The freelancer is notified that the employer’s...

Advantages Of Using An Escrow Account


What are some of the Advantages Of Using An Escrow AccountIts reduces the potential risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to provider and employer instructions. It offers...