Understanding Escrow (And Why It Matters)

Escrow is a neutral holding system — like a financial referee — that ensures both buyer and seller meet their obligations.

🧭 How Escrow Works with SafeKeep

  1. Buyer starts a transaction

  2. Funds are paid into SafeKeep’s escrow wallet

  3. Seller delivers the item or service

  4. Buyer confirms satisfaction

  5. SafeKeep releases funds

💼 All parties are notified at every step.

🔍 Why Not Just Use Bank Transfers?

Bank transfers:

  • Can’t be reversed

  • Offer no protection if the seller fails to deliver

  • Are the #1 cause of fraud in Nigerian online trade

🛡️ Why SafeKeep Is Different

  • Licensed and regulated escrow model

  • Transparent fee structure

  • Automatic timelines and alerts

  • Built-in dispute resolution

💡 Escrow Use Cases

  • Buying phones, electronics, or fashion

  • Renting apartments or short-term spaces

  • Freelance jobs (graphic design, writing, etc.)

  • Paying vendors on Instagram or WhatsApp

🌍 Escrow is how modern digital economies protect trust.

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