Terns And Conditions

ESCROWEASEPAY TERMS AND CONDITIONS

Effective Date: 30 November 2025
Last Updated: 30 November 2025

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Welcome to Escroweasepay (“we,” “our,” or “the Platform”). By accessing, registering, or using Escroweasepay, you (“User,” “Buyer,” or “Seller”) agree to abide by the following Terms and Conditions. Please read this document carefully before using our services. If you do not agree to these terms, you must discontinue use immediately.

1. Definitions

Escroweasepay: The digital escrow platform providing secure third-party holding and release of funds for transactions between buyers and sellers.

User(s): Any individual or entity using the Escroweasepay platform to conduct a transaction, including buyers, sellers, agents, and affiliates.

Buyer: The party depositing funds into escrow to purchase goods, services, or property.

Seller: The party delivering goods, services, or assets in exchange for funds held in escrow.

Escrow Agent: A neutral party appointed by Escroweasepay to supervise transactions, hold funds, and resolve disputes.

Transaction: The exchange of funds, goods, or services facilitated through the Escroweasepay platform.

Account: A registered Escroweasepay user profile used to manage transactions, payments, and identity verification.

2. Acceptance of Terms

By registering an account or using Escroweasepay, you confirm that you:

• Have read, understood, and accepted these Terms and Conditions.
• Are at least 18 years of age and legally capable of entering into binding agreements.
• Will comply with all applicable Nigerian laws and financial regulations.

3. Scope of Service

Escroweasepay acts as a neutral third-party to facilitate secure transactions by:

• Holding funds deposited by a buyer until the agreed terms of the transaction are fulfilled.
• Releasing funds to the seller once the buyer confirms satisfactory completion.
• Providing dispute resolution through appointed escrow agents when necessary.

Escroweasepay is not a bank, financial institution, or investment platform and does not offer loans, credit, or interest on funds held.

4. User Registration and Verification (KYC)

• All users must create an account on the Escroweasepay platform before initiating transactions.
• Minimal identity verification is required, including full name, email, phone number, and valid government-issued identification when requested.
• Users agree to provide accurate and verifiable information. Escroweasepay reserves the right to suspend or terminate accounts with false, incomplete, or suspicious details.
• Escroweasepay may request additional verification in cases of high-value or property transactions in compliance with Anti–Money Laundering (AML) regulations.

5. Transaction Process

1. Agreement: Buyer and seller agree on the transaction terms and initiate escrow through the platform.
2. Deposit: Buyer deposits funds into Escroweasepay’s secure account.
3. Verification: Escroweasepay verifies receipt and notifies both parties.
4. Delivery: Seller delivers the goods, services, or property as agreed.
5. Confirmation: Buyer confirms satisfaction via the platform.
6. Release: Escroweasepay releases the funds to the seller.
7. Dispute: If any disagreement arises, Escroweasepay intervenes through the dispute process in Section 9.

Funds shall remain in escrow until the buyer’s confirmation or the dispute resolution outcome.

6. Fees and Charges

• Escroweasepay charges both a fixed service fee and a percentage fee based on the transaction amount.
• All fees are displayed before a transaction begins and are non-refundable once the transaction starts.
• Fees are automatically deducted from the escrow amount before disbursement to the seller.
• Escroweasepay reserves the right to adjust fee rates at any time, with notice provided on the platform.

7. Fraud Prevention and Prohibited Activities

To maintain a secure ecosystem, users agree not to engage in the following:

• Submitting false, misleading, or incomplete transaction details.
• Using Escroweasepay for illegal, deceptive, or fraudulent activities.
• Circumventing Escroweasepay by dealing outside the platform after initial contact.
• Attempting to manipulate, hack, or bypass the escrow process.
• Laundering funds or concealing illicit financial transactions.
• Misrepresenting goods, services, or ownership of property.

8. User Responsibilities

• Users are responsible for safeguarding their account credentials and transaction information.
• Escroweasepay shall not be held liable for losses arising from unauthorized access due to user negligence.
• Users are responsible for ensuring accuracy in all transaction details.
• Escroweasepay acts only as a facilitator and is not liable for the quality, legality, or authenticity of goods, services, or assets exchanged.

9. Dispute Resolution

• All disputes shall be resolved exclusively by the assigned Escrow Agent.
• Both parties must present supporting evidence within the requested timeframe.
• The decision of the Escrow Agent is final and binding.
• Funds may be partially or fully refunded or released based on the final decision.

Note: Users waive the right to seek external arbitration or litigation over disputes handled by Escroweasepay.

10. Fund Release and Refund Policy

• Funds shall be released only upon buyer confirmation or Escrow Agent’s decision.
• Refunds are issued only after due investigation.
• Escroweasepay is not responsible for losses once funds are disbursed according to procedure.

11. Limitation of Liability

• Services are provided “as is”.
• No liability for indirect or consequential losses.
• Total liability shall not exceed the transaction fee charged.

12. Account Suspension and Termination

Escroweasepay may suspend or terminate accounts that violate these Terms or are linked to fraudulent or unethical activities.

13. Data Protection and Privacy

Escroweasepay processes user data in accordance with the Nigeria Data Protection Regulation (NDPR).

14. Modifications to Terms

Escroweasepay reserves the right to update these Terms at any time. Continued use constitutes acceptance.

15. Governing Law

These Terms are governed by the laws of the Federal Republic of Nigeria.

16. Contact Information

Escroweasepay Legal Department
Email: julia@escroweasepay.com
Phone: +234 80 2132 2952

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By using Escroweasepay, you acknowledge that you have read, understood, and agreed to these Terms and Conditions in full.