Escrow - is the future brighter?

How payments providers are revolutionising escrow

white paper cover

Escrow is the act of holding funds in a third party account when a payment is made. Once the transacting parties are happy, the transaction can be authorised and the funds released.

Escrow has the potential to significantly augment the growing platform economy, but up until now, it has neither been widely utilised or understood. In this Paybase whitepaper, we cover:

  • The ramifications of the digitisation of escrow
  • Why the platform economy is the perfect space for the instrument
  • How innovative payments providers are optimising escrow to cater to the demands of modern consumers

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