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General escrow offers a secure payment mechanism for buying and selling goods or services online or directly, person to person.

Envisionit E-Escrow allows you to define your own terms and conditions for a transaction. The delivery, inspection and payment terms specified in an escrow transaction may likely influence the arbitration decision in the event of a dispute.

The Envisionit E-Escrow process for general transactions:

  • 1

    Start a secure transaction

  • 2

    Specify transaction items / service

  • 3

    Create transaction terms

  • 4

    Agree the transaction terms

  • 5

    The buyer transfers the transaction value to Envisionit E-Escrow

  • 6

    The seller delivers / ships the goods or provides the service

  • 7

    The buyer accepts and verifies the goods / service provided

  • 8

    Envisionit E-Escrow releases payment to the seller and / or agent.


Example 1: Specifying a mobile phone you are buying or selling online.

Name

Description

Quantity

Unit Price

iPhone 7s

Black iPhone 7s 128GB with charger and assorted accessories.

1

R 9,000.00


Example 2: Specifying a set of gym equipment you want to buy or sell through a classified advert.

Name

Description

Quantity

Unit Price

Dumbells

A set of 4 dumbells, sizes 14, 16, 18, 20.

1

R 600.00

Yoga mats

6mm Yoga matts, good quality, assorted colours.

6

R 150.00

Medicine ball

1KG leather DMX medicine ball. Brand new.

1

R 400.00



Envisionit E-Escrow fees for general transactions

E-Escrow charges a fee for securing your transaction. The E-Escrow fee is deducted from the funds in trust and is either payable by one or a combination of the parties. For example, the parties may decide that the buyer, seller or agent will pay the E-Escrow fees or the E-Escrow fee may be split between the parties. You can find a detailed explanation of our fee structure here.

All rights reserved. Copyright: Envisionit E-Escrow (Pty) LTD 2017.