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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 fraud 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 the 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.
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 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.