Trade Escrow Service
As a Trusted Third Party, World Trade Escrow has the capability to act as an independent party in any kind of transaction.
This allows us to act as an intermediary in financial transactions.
Our service allows you to feel safe and sound when doing business with anyone, anywhere at any time - without reservations.
This very specific form of escrow is an insurance on invested capital. In trade escrow, WTC creates a secure account where funds will be deposit. This for the goods or project that is being invested in. Only when goods are delivered to the Buyer and upon mutual agreement with parties involved the funds will be released to the Seller. This way, they might be capable of finishing the delivery where otherwise they might lose the entire investment. WTC will never deal agreements with goods and countries that are on the international lists of countries on which there are economic sanctions. Secondly we will check if both the parties are not involved in fraud or malpractices. If needed we will contact local and international authorities.
Trade, or commerce, involves the transfer of goods and/or services from one person or entity to another, often in exchange for money.
A network that allows trade is called a market.
Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later credit, paper money and non-physical money) greatly simplified and promoted trade.
Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.
Wholesale trade is defined as the sale of goods that are sold as merchandise to retailers, and/or industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services.
Escrow generally refers to money held by a third-party on behalf of transacting parties. Escrow is an account where deposit of funds occurs for payment of certain conditions. The escrow agent has the duty to properly account for the escrow funds and ensure that usage of funds is explicitly for the purpose intended. Since a seller is not willing to take the risk that a buyer will not pay the funds, escrow is usually required under the mortgage terms. Escrow is also commonly used in the transfer of high value business property, like websites and businesses, Goods & Products and in the completion of person-to-person remote auctions (such as eBay), although the advent of new low cost online escrow services has meant that even low cost transactions are now starting to benefit from use of escrow.
Worldwide accepted for secure and fast transaction of goods in B2B business.
By using an escrow trust account the buyer is protecting himself getting the goods he had ordered and the seller is protecting himself getting the payment for the goods he sent.
HOW IT WORKS
1. World Trade Escrow (WTE) - Buyer & Seller sign an Escrow TRADE ACCOUNT Agreement (ETAA),
2. WTE is opening up an Escrow TRUST ACCOUNT at a specific Bank.
3. The Buyer transfers the purchasing price to the WTE Escrow TRUST ACCOUNT
4. The Seller is sending the purchased goods
5. The Buyer is verifying the received goods & sends acceptance confirmation to the seller and WTE
6. WTE is instructing their Bank to transfers the agreed purchasing price to the seller’s bank account
7. The ETAA can be adapted to special projects
World Trade Escrow offers a FINANCIAL ESCROW ACCOUNT service that allows Clients to execute secure financial transactions. The balance of Clients’ account is available at any time and shall be managed only in accordance with his/her instructions. The Funds stored in the Clients’ user account have no expiration date.
Clients acknowledge that World Trade Escrow is not a bank, and offers the service as mentioned in close cooperation with a partner banks World Trade Escrow shall act in good faith as a Trusted Third Party, and handle the Financial Escrow Account accordingly. The period monitored shall last until the agreement has been fulfilled or legally terminated.
Explicit Declaration of Conformity with International and involved National Law
All parties need to declare that their trade does not violate the international sanctions and embargoes as put forward by OFAC, the European Union and any other applicable international sanction organs. The therefore mentioned sanctions include, but are not limited to, international trade sanctions/embargoes, arms embargoes and international financial transaction limitations.
World Trade Escrow reserves the right to take reasonable precaution against infringement of aforementioned international legislation, within the limitations of the law.
Parties need to declare to act in good faith and as a Bonum Pater. If, for any reason, any party is found to have been acting in bad faith, this will be ground for the immediate termination of this agreement, and negates the right of said party to claim compensation of any form of the other parties involved. Any party found to act against the spirit of good faith or the principles of Bonum Pater will be liable to pay damages and compensations as applicable within the terms of this agreement, as within the boundaries of applicable law.
World Trade Escrow is eager to hear from you !
Send us a message containing your query and contact details, and we'll be most happy to help!
We aim to answer all queries within one workday. If we haven't answered your query by then: do let us know and we'll rectify the situation
We experienced with pride that WTC provide themselves on a fast and accurate response time and ensuring transactions runs smoothly to a successful close.
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