TRACTOR TRADER INC. - shipping web

Overview

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.

E-Commerce

The rapid growth of E-Commerce has increased the customer base for businesses and provides a wider range of products and prices to consumers. With the increased opportunity for a better deal through E-Commerce comes the uncertainty of buying or selling online, especially when a large amount of money is involved.

If you are a retailer looking for a new supplier, a manufacturer trying to expand the customer base or simply want to make a purchase for yourself or your company, the best solution for your needs can be from down the street, from a neighboring country, or across an ocean. With an online transaction you want to be sure that what was agreed upon online is how the transaction takes place.

Whether you are buying or selling online, TRACTOR TRADER INC. understands you don't want to spend time, energy, resources or money on an uncertain outcome. Our escrow services are tailored to your specific needs.

Advantages of using our Escrow services

Our team of dedicated professionals will be present at every step of the transaction. This puts TRACTOR TRADER INC. in an unique position to guarantee the safety of the transaction for both the buyer and the seller. We will tailor the escrow contract to your needs, secure the payment in our non interest bearing trust Escrow Accounts, inspect the cargo and all related documents when it is picked up for delivery and insure the cargo during transportation. If the buyer declines the purchase, we will inspect the cargo and all related documents before they are returned to the seller.

Advantages for sellers

Ensure the buyer is committed to the purchase at the time of delivery

Avoid any payment delays or chargebacks

Advantages for buyers

Motivate the seller to deliver the merchandise as advertised and on time as he will receive the payment only after your final approval

Securing the payment in our non interest bearing trust Escrow Accounts ensures your protection against fraud, wrongly described goods or return policy technicalities

How Escrow works

Step 1

Buyer and Seller agree to terms

Either the Buyer or Seller begins a transaction. The agreement includes the selling price, payment of taxes and fees, delivery arrangements, the number of days allowed for the buyer to inspect/test/install/assemble the merchandise.

Step 2

Escrow Contract

TRACTOR TRADER INC. prepares the escrow contract in accordance with the agreement reached by the Buyer and Seller. The contract must be signed by the parties before proceeding to the next step.

Step 3

Payment in Escrow

The Buyer submits payment to TRACTOR TRADER INC.. The receipt of funds in our secured, non interest bearing trust Escrow Account is confirmed and the transaction can proceed to the next step.

Step 4

Delivery

TRACTOR TRADER INC. delivers the merchandise and all related documents to the Buyer.

Step 5

Buyer's decision

The Buyer has an agreed upon time to either accept or reject the merchandise.

If the merchandise is accepted, TRACTOR TRADER INC. releases the funds to the Seller.

If the merchandise is rejected, the Buyer is refunded when TRACTOR TRADER INC. collects the merchandise and all related documents.

Interested in working with TRACTOR TRADER INC.?

Diversity inspires us, our culture connects us. Our modern, inclusive workplaces are filled with amazing individuals who share our values and vision to go all the way. All the way for our customers, our company and each other.

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