Escrow Service
We are happy to announce the launch of our Escrow Service!
To start an escrow transaction, simply Contact us on WhatsApp
The Moneyboom Escrow Service became a necessity due to the increasing rate of fraudulent dealers coming into the Nigerian digital space.
Recently, I've read a lot of scam stories from unsuspecting dealers looking to buy or sell products and services in Nigeria.
More so, I've had a few frustrating experiences with these scammers myself, and I believe this should be nipped in the bud as soon as possible.
A few Escrow services are available in Nigeria, but there is not enough publicity or sensitization to help new digital dealers navigate the many scam traps that litter the digital space.
Hence, I believe I have to play my part by offering an escrow service that will provide better awareness and cost than existing alternatives.
Why is Moneyboom Escrow different?
Clear Terms:
We prioritize clarity to help both buyer and seller understand the terms of the deal via a simple demand list.
Buyer provides a list of deliverables, to which the seller agrees to.
Once the buyer pays to escrow (cost of purchase + escrow fee), and the seller delivers according to the demand list which the buyer subsequently confirms, the deal is completed and the seller gets paid.
The escrow fee is covered by the buyer only.
Consistent Awareness
We are consistently investing in digital campaigns against Internet fraud and scams, and we hope to create a wide range of awareness tools, platforms, and people to spread the word.
We hope this can help us build trust and encourage online merchants to utilize our escrow service instead of putting their business at risk.
Cheaper Flat Rate
Our escrow fee is arguably the cheapest you can find.
We are not in this business to make money. Rather, we want to be part-enablers of the growth of online business in Nigeria by creating trust platforms that fight against frauds.
Hence, we charge a flat fee of $1 for all deals, no matter how much. That is about 2,000 Naira inclusive of payment gateway charges.
This is enough to help us offer our escrow services while protecting the interests of both buyers and sellers.
Start a Transaction
We'll create an escrow group and add both buyer and seller to begin the transaction.