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.
- Riverside Escrow staff do not work for any other escrow providers. We only operate (i) under the Riverside Escrow brand and (ii) via our website at www.riverside-escrow.com.
- Any other escrow website displaying our staff profiles may be a scam and should be reported to the Financial Conduct Authority (FCA) – for further details on how to report: Report a scam to us | FCA
- To ensure you are in fact dealing with Riverside Escrow Limited and our staff – 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.
- Before engaging with any escrow provider, check that it appears on the FCA register: https://register.fca.org.uk/s/. If you are unsure or have any questions, seek professional advice from an independent financial advisor who is authorised by the Financial Conduct Authority before entering in to any escrow transaction. Details of independent financial advisors can be found at the FCA Register here.
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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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).
We are excited to announce Riverside Escrow has received regulatory approval from the FCA for its recent application to transfer from a Small Payment Institution to an Authorised Payment Institution. The application has been part of Riverside Escrow’s long term...
Whilst individual escrow providers have been offering services for years, the overall awareness of escrow is still relatively limited in the UK. A quick search on the internet will mostly likely return companies based in the US.
With the world currently impacted with Covid-19 and the economy in a state of uncertainty, high value transactions can feel like a risky undertaking.
Need Escrow Services?
Get in touch to learn more about our high quality and cost effective services.