escrow
Escrow
How Escrow Work?
AU Showroom reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied. Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a website being built where the buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn’t want to extend a massive amount of work without any assurance that he or she will receive payment. While the payment is ‘In Escrow’ the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.
Buyer and Seller agree to terms
Buyer submits payment to AU Showroom
AU Showroom delivers goods to Buyer
Buyer approves goods
AU Showroom releases payment to Seller
Escrow Accounts
When you make a transaction using AU Showroom your funds are held in secured, non interest bearing trust account until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud or wrongly described goods.
Personal service behind every transaction
Our licensed and regulated services are also backed by our experienced and knowledgeable escrow officers. Our friendly escrow professionals are available to assist you personally with any need that may arise. That being the reason, that our Bank accounts are handled by our Escrow officers.
At AU Showroom we offer live phone support Monday through Friday, from 9:00 am to 9:00 pm and Saturday 9:00 am to 7 PM Central Time. In addition, we offer email support 24 hours a day, 7 days a week.
Why should we pay online?
With dozens of other payment options available such as checks, drafts, money orders, and electronic bank transfers, one may wonder why so many people use this new method of payment. Indeed, the older payment methods are tried, tested, and a lot more comfortable for some people. However, online payment offers exclusive advantages that other payment options don’t.
When paying online, you can easily buy an item, basically anywhere in the world, much faster than the check-and-stamp method. Automated payments also mean that there are no delays or late penalties. Contrary to popular belief, it is much safer to conduct your transaction online as everything is documented, and there are no sensitive details on paper. Online payment eliminates clutter by, in some cases, eliminating the need for paper bills that require filing. It makes organizing and keeping track of payments easier and more convenient. Finally, if using online payments, many banks will provide graphs and information that help you track your spending and keep your budget on task.
There are many types of transactions that can be made online, everything from paying your phone bill to purchasing small gifts for family members. For larger transactions, though, you may want to seek the services of an escrow company. By putting your money into an AU Showroom escrow account, you can protect yourself from fraud.
Payment Options
AU Showroom offers many types of payment options including wire transfers, checks and money orders, credit cards, PayPal and cryptocurrency. Payment types may have certain limitations, however. For example credit cards and PayPal are subject to additional fees and have a maximum of 5,000 while checks and money orders have a 2,000 maximum and are subject to a ten business day hold.
Advantages of using AU Showroom
AU Showroom provides a host of advantages for people who choose to transact with it. Whether it is digital goods, vehicles, antiques, jewelry, art work, or domain names and websites, AU Showroom ensures that all buyers and sellers are protected equally and their disputes dealt with the utmost concern. AU Showroom verifies the funds sent by the buyer and keeps them in our secure trust escrow account for the seller. We ship the merchandise only after the buyer has made complete payment to AU Showroom. AU Showroom ships and tracks your merchandise to make sure that it is delivered in time according to the conditions mentioned in the agreement. The seller is not paid until the buyer accepts the merchandise and has the chance to fully inspect it. After the buyer inspects and accepts the merchandise, the funds will be moved from AU Showroom escrow account to the seller’s account. Using a licensed escrow service to buy and sell merchandise, services and more is the most convenient way to complete transactions online. Facilitated by a trusted third-party, the escrow process acts as your personal tool to ensure a safe, secure and intuitive sale for both buyers and sellers.