Escrow - How Escrow Work?
ProShip Legends reduces the risk of fraud by acting as a trusted third-party that collects, holds, and only disburses funds when both Buyers and Sellers are satisfied. Escrows are extremely useful in transactions involving large amounts of money, where specific obligations need to be fulfilled before a payment is released. For example, in a website development project, the buyer may want confirmation of the quality of work being done before making the full payment, while the seller may be hesitant to carry out extensive work without assurance of payment. While the payment is ‘In Escrow,’ the transaction can be safely executed without the risk of losing money or merchandise due to fraud. This eliminates legal complexities and ensures secure transactions, providing confidence for both buyers and sellers.
Escrow Accounts
When you make a transaction using ProShip Legends, your funds are held in a secure, non-interest bearing trust account until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud, or wrongly described goods.
Personal Service Behind Every Transaction
Our licensed and regulated services are also backed by our experienced and knowledgeable escrow officers. Our friendly escrow professionals are available to assist you personally with any need that may arise. That’s why our bank accounts are handled directly by our dedicated escrow officers.
At ProShip Legends, we offer live phone support Monday through Friday, from 10:00 AM to 8:00 PM. Additionally, we offer email support 24 hours a day, 7 days a week.
Why Should We Pay Online?
With numerous payment options available, such as checks, drafts, money orders, and electronic bank transfers, one may wonder why so many people use online payment methods. While older payment methods are tried and tested, online payments offer exclusive advantages that other options don’t.
When paying online, you can easily buy an item from virtually anywhere in the world, much faster than the check-and-stamp method. Automated payments mean there are no delays or late penalties. Contrary to common belief, online transactions are actually safer because everything is documented, and sensitive details are not on paper. Online payments also eliminate the need for paper bills, making organization and tracking payments easier and more convenient. Additionally, many banks provide graphs and insights that help you manage spending and stay on budget.
For smaller transactions, traditional payment methods may suffice. However, for larger transactions, you may want to consider using an escrow service. By putting your money into a ProShip Legends escrow account, you can protect yourself from fraud.
Payment Options
ProShip Legends offers a variety of payment options, including wire transfers, checks and money orders, credit cards, PayPal. However, payment types may have certain limitations. For example, credit cards and PayPal are subject to additional fees and have a maximum of $5,000, while checks and money orders have a $2,000Â maximum and are subject to a ten-business-day hold.
Advantages of Using ProShip Legends
ProShip Legends offers a host of advantages for individuals who choose to transact with us. Whether it’s digital goods, vehicles, antiques, jewelry, artwork, or domain names and websites, ProShip Legends ensures that all buyers and sellers are protected equally and that disputes are handled with the utmost care. ProShip Legends verifies the funds sent by the buyer and keeps them in our secure trust escrow account for the seller. We ship the merchandise only after the buyer has made complete payment to ProShip Legends. ProShip Legends ships and tracks your merchandise to ensure it is delivered on time, according to the conditions stated in the agreement. The seller is not paid until the buyer accepts the merchandise and has the opportunity to fully inspect it. Once the buyer inspects and accepts the merchandise, the funds are moved from ProShip Legends’ escrow account to the seller’s account.
Using a licensed escrow service like ProShip Legends is the most convenient and secure way to complete transactions online. Facilitated by a trusted third-party, the escrow process acts as your personal tool to ensure a safe, secure, and smooth transaction for both buyers and sellers.