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1. Why should I use Escrow?
The most important reasons for using Escrow is to minimise the risk of non-payment by the buyer and/or to make sure that the supplier delivers the ordered goods or services in time and according to the purchase contract. Escrow is also an efficient, convenient and fast instrument for protecting your interest. The buyer can minimize his risk by having Fortis Escrow receive the money into an Escrow Account before the supplier starts delivering. The supplier receives confirmation from the escrow agent that the funds are available before the supplier ships the goods. Since the money is held in an Escrow Account with Fortis Bank, the bank and country risk is mitigated.
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