EscrowLock - eCommerce and Escrow Services

EscrowLock is a trusted third party escrow service company that holds funds on behalf of two or more parties for a set period, after which it releases the funds to a designated party when transaction is fulfilled. Most use cases of EscrowLock is between a buyer and a seller, where EscrowLock receives money from a buyer, safely locks it and releases it to the seller when it has been confirmed that the seller has delivered designated goods/services. The EscrowLock escrow payment service, however, can be used for a variety of other types of legal transactions that may not necessarily involve buying and selling of goods or services. For example, two friends who decide to go on a bet can use EscrowLock to secure the bet funds and have it released to the winner that emerges. EscrowLock’s main operational focus is the African continent, including Nigeria, Ethiopia, Kenya and Ghana where it aims to reduce fraud and scams associated with online transactions in order to boost ecommerce among individuals and small businesses; a move that will consequently help to fight poverty, create employment and contribute to the achievement of other Sustainable Development Goals (SDGs).