High quality & cost effective escrow services
Secure, high quality & cost effective escrow services
We’re a UK based FCA authorised escrow company helping businesses and individuals exchange assets and funds.
- We are aware that a very similar looking website to ours is in use under a very similar website address to ours (an “s” at the end of the word “escrow”) and is using a mobile contact number – Riverside Escrow does not list mobile phone numbers for its contact details.
- To ensure you are in fact dealing with Riverside Escrow Limited – our contact phone number and address details listed on the website will match those listed on the FCA register: https://register.fca.org.uk/s/ The information on the register can only be altered by the FCA.
- Any website showing a mobile number to contact us may be a scam and should be reported – for further details on how to report: Report a scam to us | FCA
- We are not providing escrow services in relation to any bitcoin related transactions, so any approach relating to bitcoin that purports to be from us may be a scam and should not be acted upon and should be reported using the information on the above link.
What is escrow?
Escrow is the term used when a contractual arrangement between two or more parties is put in place, in which an Escrow Company will hold funds or property during a transaction, acting as an independent third party.
How does Escrow work – our 5 step guide
Riverside Escrow will act as an independent party in an agreement. This means that Riverside Escrow holds and regulates the funds of the transaction until the conditions set out in the escrow agreement have been met.
A buyer and seller make an agreement
Party A and Party B agree to terms - Riverside Escrow will draft an escrow agreement tailored to the clients needs. This agreement will contain specific release of funds conditions.
The buyer pays Riverside Escrow
Payment to escrow
Party A - submits a payment by approved payment method to our Escrow Account, Riverside Escrow verifies the payment and notifies the parties that funds have been deposited.
The seller sends the goods to the buyer
Party B provides the goods or services to party A.
The buyer accepts goods as per agreement
Party A receives the goods or services and proof of contract and completing is provided.
Escrow releases funds to seller
Riverside Escrow releases funds to Party B from the Escrow Account.
“I have been using Riverside for almost 4 years now and will enjoy using them for the foreseeable future. I find their staff efficient in all arreas. Many thanks to Matt, Grace and the rest of the Riverside team in helping my business grow.”
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How you release funds from escrow will depend on what was agreed between the parties to the transaction…
There are a few things to look out for and take into consideration when selecting an escrow service provider for your transaction.
We have set out below some questions to consider when thinking about whether using escrow services to aid your transaction
The escrow provider will put in place an agreement between themselves and the Code Powers Operator to govern how the funds…
Escrow service providers act as independent third parties to transactions.
Escrow services can be used for virtually any situation where money or property are being transferred between parties. It is most commonly associated with property sales in the US, (you may have heard of the term ‘In Escrow’ being used during a property purchase).
Need Escrow Services?
Get in touch to learn more about our high quality and cost effective services.