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Escrow Service

We protect both the Seller and the Buyer

 

Many buyers have run into difficulties with sellers not honoring a full or portions of their purchase agreement, especially after the money has been paid!. This occurs when the buyer pays for an item and the seller fails to deliver it, or it is delivered and it’s not in the condition as stated. A second scenario occurs when a seller sends an item to the buyer hoping to receive funds on deliverance and ends up not receiving the money, whereas the buyer already has the item. Payments across states and international borders can cause many problems, and sorting out the mess can be a major and costly headache for buyers across the globe. Thus Blinkmarketplace uses its widespread network of branches to resolve all of these issues. Read more to understand how we operate.

What is an escrow service?

 

Escrow is a defined process whereby a buyer puts money into the custody of a trusted third party (Blinkmarketplace) with a guarantee that funds are available for payment to the seller after a specified set of conditions has been met ( Purchased Item delivered to Buyer)

How does our Escrow Service Work?

 

It’s very simple. The Buyer or seller notify’s Blinkmarketplace Escrow Service. When the Seller delivers the package to Blinkmarketplace as agreed, the Buyer is notified. The buyer is then expected to transfer an amount equivalent to the agreed sum to Blinkmarketplace. Blinkmarketplace takes charge to deliver the purchased Item to the Buyer, and when the item is delivered, the Seller receives full payment for the item.

Steps to follow by Seller

Notify Blinkmarketplace

You can notify Blinkmarketplace through call, or mail to schedule a pickup of the item from your home or Office, or Bring the Item to the Agency.

Register the Package for Delivery

Once your item is received by Blinkmarketplace, it is registered and made ready for delivery to the address of the buyer, after confirming your terms of agreement with the buyer, as well as buyer’s address.

Register the Package for Delivery

Once your item is received by Blinkmarketplace, it is registered and made ready for delivery to the address of the buyer, after confirming your terms of agreement with the buyer, as well as buyer’s address.

Confirm Transaction with Seller

You will be contacted by one of our agents upon request by you or seller. Once you confirm your Transaction with the seller, your package is Registered for delivery.

Pay for Item to Blinkmarketplace Escrow Service

You will have to transfer funds for the registered item. The amount transferred is totally dependent on your agreement with the seller and does not concern Blinkmarketplace. Depending on your agreement with the seller, you could be charged for the shipping fee, else the seller takes care of it.

Wait for Delivery

Once you pay for the Item, you will be provided with your tracking number, so that you can monitor your package in transit. once you receive your package and confirm its in good state as agreed with the seller, then you will have to notify us, confirming satisfactory receipt of package so that funds can then be released to the seller as intended.

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