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Author Topic: Shipping Companies as Escrow Services  (Read 2423 times)
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November 03, 2014, 12:18:46 PM
 #21

Escrow is when a third party hold the funds while the transaction is taking place to help ensure neither party loses their funds or property/services.  Since escrow agents hold funds for other they normally need a license and be bonded/insured in case they lose the funds.

The multi-sig transactions are not really escrow since they don't hold the funds.

Escrow is not dispute resolution.  It is a conflict of interest for an escrow agent to resolve disputes of parties who pay them for escrow services.  Escrow agents use independent third parties to resolve disputes.  You can look at the agreements at escrow.com to see how it works.


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November 03, 2014, 12:39:06 PM
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The escrow service would tell the seller how to ship logistics.In order to adopt to the comprehensive competition in the market, they are services to manage the self-owned containers land transport services.

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Yeah, why shouldnt they do this? This is a very good advice.
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