Web Support Tech providing escrow payment method to its client for safe payment if you’ve ever made an informal bet with a friend, you may have asked a third person to hold the money until the wager was resolved. When you take out a mortgage to buy a home, you’re doing something similar.
The Escrow Process
When you put money in escrow it is held by a neutral third party (called an escrow agent) who works for both the service provider and the service buyer. The agent’s role is to carry out the instructions agreed upon by both parties. The money is released when all the terms of the agreement are met. Escrow can be involved in anything from multimillion-dollar building projects to purchases made on online auction sites
Once we have reviewed your requirements, discussed the scope of the project and agreed on a timeline, we will quote you a price based on the hours required.
We use escrow.com, a fully accredited Escrow company, as a go between for handling payments for services. We find using the third-party Escrow approach offers your company and ours a level of security in making sure you get what you pay for and we receive payment for what we do.
An Escrow account is created for every project that you will fund and which specifies the benchmarks WST must reach to receive payments during the process. Final payment is received when the project is completed and upon release of the final payment, your site will be installed (go live) on the server of your choice and all code will be released to you.
30 Days follow up Support Service is included with all projects.