What Is Escrow?
Escrow is a financial arrangement in which two parties agrees that a third party or a middle man (who is neither the buyer nor the seller) to temporarily hold money, paperwork, or other assets for a transaction on their behalf before the transaction is been finalized or attained.
That third party, known as an escrow provider, makes the transaction safer by protecting the assets of the buyer and seller until both parties have met their obligations for the agreement.
Methods of Payment on Lettads
When you decide to get any item on lettads or request for any services you need, It is important you agree with a payment method, which are:
- Direct Payment
- Escrow Services
This is a scenario whereby due to reasons best known to a customer, he or she decides to make payment directly in person or through transfer to business owners. If such is the case the company (Lettads) is not responsible or involved in anyway for their transactions.
This is a scienario whereby a customer decides to make their payments via escrow on lettads by paying directly to the company with account name of “Lettads & Associate” in other to serve as a middle man between their transactions, if you select this method of payment, we ensure that you get exactly what you order for and you are satisfied with it and if yoy are not we deduct our service charge which is 9% of total money paid to company and refund you back your money, customers will have to pay to waybill these items bought back to seller. After which your money is refunded.
- Get registered to enable this service, registration is free, click here to register.
- At each page of any ad opened, you can get the link to pay with escrow.
- Get all information about your transactions and fill our escrow transaction form and proceed to payment. To know about some informations required click here.
- Leave a comment on the comment section of the ad you ordered for, about receiving the item and your satisfaction levels with the bussiness owner.
NOTE: An easy but detailed messaging system will soon be implemented for easier communication between buyer, seller and company, for now make use of the following to Contact Business owner’s;
.Bid message system
Lettads Escrow Services is mainly meant for people buying on lettads or requesting a service.
This method of payment is voluntary, in cases where this is used there is a service charge for each payment made via escrow.
When a customer buys or requests for services from lettads we have a service charge of 9% of the total amount paid via escrow.
For services requested and paid via escrow on lettads the total amount will be paid to our escrow account while 30% will be paid to the service provider to start the work and when this service is completed after a day of no complain then 61% will be balanced the service provider.
If at all the service provider did not meet to agreement then corrections must be made before the service provider can recieve the balance of 61%.
You need to fill all info about yourself on your “account settings” page and also get all info about the transactions/deal from seller or service provider before your form can be filled correctly enabling a successful transaction and you must be a verified user.
NOTE: Customers have 24hrs to contact our support for dissatification on any item purchased or on services requested after that no returns.