What to Consider When Choosing an Online Escrow Service Platform
Before choosing an escrow services company to oversee your transactions, here are important factors you must consider:
- Reputation
Some escrow service platforms are also fraudulent. They are run by scammers who understand the need for secure transactions between Nigerian vendors and buyers online. Before choosing an escrow platform, ensure you’ve examined their transaction history and checked reviews about them on all platforms.
While examining their reviews, ask your family and friends if they’ve used such services. And if they have, what were their experiences with the platform you’re looking to patronize?
- Transaction Fees
Another thing you must consider when choosing an escrow service platform is the fees associated with their services. Do they have a fixed transaction fee or charge a percentage of the transaction amount? Whichever one, ensure you understand it and that it is within your budget. Also, be sure to find out if there are any other hidden charges aside from the normal transaction fees.
- Security
The security of your personal and financial information is another important consideration before choosing an escrow service platform. Ensure you choose a platform that uses secure encryption and other security systems to protect user information.
- Customer Support
Customer-centric escrow service platforms are the best. They don’t leave their customers to figure things out on their own, as they’re always there to provide support at every step of the escrow process. Escrow service platforms like Peppa are the best in this area, as they have many customer service personnel available to give you real-time support in your transactions.
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