Escrow Service

What is Escrow?

An escrow service is a licensed and regulated company that collects, holds, and sends a buyer's money to a seller according to instructions agreed on by both the buyer and seller. Typically, once the buyer receives and approves the item from the seller within an agreed time frame, the escrow service then sends the payment to the seller.

What benefit does Escrow bring to me?

- For suppliers: It reduces the chance that a bad account occurs, because products will only be shipping out after payment is confirmed.

- For retailers: Unnecessary loss can be avoided because payment will only be received after products are inspected.                        

- For both parties: Escrow can boost transactions, simplify transaction procedure and accounting procedure, and reduce running cost.

What is Quarkr's Escrow Service?

Quarkr's Escrow service is especially designed for online transactions. Quarkr will ONLY release the funds to supplier when retailer receives his ordered products and is satisfied with them. This value-added service is completely FREE and available for all transactions on Quarkr.