Experience with Escrow anyone?

OMGVape

Free Member
Jan 21, 2018
749
109
I’ve found a potential new supplier in the Far East to replace container orders from China.

I don’t want to risk another deposit so I’m thinking of an Escrow service.

Has anyone got experience with this? What are the fees involved for £30-40k transactions?
 

fisicx

Moderator
Sep 12, 2006
46,933
9
15,508
Aldershot
www.aerin.co.uk
Upvote 0

SillyBill

Free Member
Dec 11, 2019
816
2
525
I pay my solicitors to manage an escrow account. They sort out all the administration and paperwork and send me a bill annually. I'm billed anywhere from £1k a year up to £5k. I probably overpay for the convenience of not having to get my head around it but I prefer to focus on my competency and let others sort the rest.
 
Upvote 0

Latest Articles

Join UK Business Forums for free business advice