The upcoming escrow payment ecosystemEscrow-based payments have been around for over 150 years and are not new.

An escrow account is emerging as a unique and novel mechanism, which creates an added layer of transparency in the ecosystem, helping build more trust.

Using escrow, a buyer can place their funds in a bank-based escrow account, which is supervised by a third party.

For specific-use transaction cases like procurement, supply chain, professional services, etc., startups and emerging businesses can leverage escrow payment methods to minimise risk.

An escrow mechanism facilitates hassle-free, efficient, and safe business transactions for startups and helps in their seamless growth. | To read full story, visit https://startuparound.com/read/1585890005.6515691/Why-escrow-payments-can-help-India-improve-its-business-environment?ref=audio_experience