Eliminate the risk of Frauds in Cryptocurrency exchange through our efficient Escrow Services.
Escrow refers to a financial agreement between the two parties involving a third party who controls the hold and regulation of fund’s payment required for the participants involved in a transaction.
Escrow with KYC can prevent chances of frauds in transactions, money laundering, corruption and bribery helping companies, especially the banking industry; ensuring that they are doing business with legitimate entities. Escrows are essential where a large amount of money transaction is involved and a certain number of obligations need to be fulfilled before a payment is released.
QSS Technosoft is a leading provider of Escrow development Services to clients with diverse businesses around the globe. We are well-versed in developing backend admin escrow services to endure monitoring, controlling authenticity and delivery of your transactions. The Escrow services developed by us will help make transactions more secure by keeping the payment in a secure escrow account which is released when all of the terms of an agreement are met. We align it with KYC services helping you know about the customer transacting over to the platform.
Why Escrow is Required?
Verifying the identities of the individuals who are involved in the money transactions has become an ultimate requirement for all Banking and Escrow companies. Escrow services are playing a major role in the field of Blockchain Networks. Escrow’s main work is to help dispense money or documents as a neutral third party in different exchanges of Cryptocurrency & release when the agreed conditions are met.
Escrow services have started playing a very important role in the Blockchain community, and the Blockchain networks have gone about their tasks in a different way. Hire our Blockchain Escrow Development Services with KYC to get started!
Escrow with KYC Solutions- Go through the Features
Bringing Buyers and Sellers Together
Escrow transactions are one of the most reliable ways of transacting in the cryptocurrency market. QSS Escrow development services include an agreement between the buyer and seller and organizing the delivery date. This works well for buyers and sellers of cryptocurrency, as well as clients and merchants transacting goods and services.
International KYC/AML Standards
All escrow transactions are encrypted using AES standards. We, at QSS, strictly adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) international guidelines. QSS ensures their developed platform is not used by criminal elements for money laundering activities. This provides peace of mind for both buyers and sellers over any transaction.
Powered by Smart Contracts
QSS uses decentralized escrow service powered by smart contracts. These contracts act as a third party to enable transfers between buyer and seller. Smart contracts allow buyers and sellers to conduct an unlimited number of transactions between the parties including dispute settlement too.
Timely Transactions with Low Fee
Escrow Transactions are pretty affordable. All you need to pay is a small escrow fee applies to all transactions. Escrow transactions can be completed within minutes or day, with statuses updated instantly.
Escrow transactions are not hectic and can be completed in three easy & simple steps and ensure no frauds by providing safety to both buyers and sellers.
The buyer purchases tokens against fiat currency and these tokens stored in a wallet with a unique and private key access to Buyer provided by escrow service. Then, buyer made a purchase for cryptocurrency with these tokens and transfer tokens to seller.
he seller transfer corresponding amount of cryptocurrency to buyers and receive successful delivery /agreement related documents.
The seller submits these documents to Escrow admin and upon authentication of the transaction, escrow admin releases fiat currency.
Escrow KYC Solutions We Offer
We bring buyer and seller together at one platform
We offer a trusted dispute resolution mechanism over parties involved in the transaction
With our Escrow KYC services, we ensure international AML/KYC standards are met
QSS Escrow services are powered by smart contracts
Our prices are minimum and as per market rate transactions
We allow E-signatures for added benefit
Renovate unique Business Processes into Digitally Transformed solutions with QSS Technosoft!!
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