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What is ESCROW ? |
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When a buyer and supplier enter into trade and decide to go into Escrow, the buyer transfers the total amount of the |
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transaction into a secure ESCROW account under AsianProducts control where it will stay until the supplier has delivered |
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the products to the buyer. Once the buyer receives the products and accepts it, the funds kept in Escrow are paid to the |
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supplier. |
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This way, both supplier and buyer are safeguarded against fraud or non-delivery. |
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Once Buyers have selected Suppliers to source from AsianProducts provides a secure ESCROW service to assist both |
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buyers and supplier to enter into trade agreements without any risks. Since international (cross-border) trade is an |
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expensive and sometimes non-secure environment, AsianProducts provides this service to assist and develop strong |
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trade between companies without the risk of being taken advantage of. |
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When buyer and supplier are meeting each other in transaction for the first time, they are often concerned about the |
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credibility of each other. Although there are many kinds of transaction choices available, only Escrow promises a fully |
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secured trading environment for both buyer and supplier. |
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Because AsianProducts is already a trusted online B2B trading platform used by buyers to source from Asian suppliers, |
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by providing a secure online ESCROW service both buyer and supplier has a trusted third party to turn to when conducting |
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e-commerce transactions. |
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AsianProducts provides this new online payment to facilitate and accelerate e-commerce by assuring secure settlement . |
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This new service is a natural extension of the current services provided by AsianProducts and will establish AsianProducts |
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as a provider of secure business and consumer transaction management on the Internet . |
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AsianProducts is also the single point of contact to track and manage all aspects of the transaction . |
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AsianProducts is a fully licensed and accredited Escrow company and is subject to compliance with all applicable escrow, |
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financial and other regulations set out by the government of Taiwan . |