What is Escrow?

An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.


Escrows are very useful in the case of a transaction where a large amount of money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a website being built where the buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn’t want to extend a massive amount of work without any assurance that he or she will receive payment.

While traditional

escrow service is quite difficult and must be obtained through banks and lawyers, Regency provides online escrow services at affordable rates. While the payment is 'In Escrow' the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.



How does Escrow Work?

Regency reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both parties are satisfied. Both parties agree to terms - Once your Escrow Account has been aproved and activated, you can begins a transaction. After registering, all parties have to agree to the terms of the transaction. Investor pays for the transaction - Regency will request a payment by one of the approved payment methods to our secured Escrow Account from the investor, Global Trader Insurance verifies the payment, both parties will be notified that funds have been secured 'In Escrow'. Upon payment verification, Regency will release the funds in your Escrow account to the appointed Bank Account of your choice.