Information for Buyers: The security that using our Escrow Service brings

The Chartmore Escrow Service can provides a safe, secure and confidential method of buying commodities, products or services quickly and efficiently without the need for complicated Letters of Credit.
Escrow provides a totally safe and secure method for buyers ensuring that your business receives the goods or commodities that you have paid for with absolutely no risk of losing your funds and endangering your business.

Sellers in the current economic climate may not have access to the credit line they used to have. As a result, they may not able to supply the commodities or services that you have already paid for or negotiated. They may be experiencing a difficult relationship with their Bankers preventing them from supplying goods. None of this matters, if you insist on your sellers providing proof of product sooner rather than later before you have committed yourself financially, also having a confirmation of shipment or delivery to us before we release your funds.

Entering into a transaction where you have not had dealings before, can carry great risk without knowing the seller has the product.

Escrow provides a totally safe and secure method of ensuring that you obtain the goods with absolutely no risk of loosing your money and endangering your business.

Letter of Credit from 1897

Letter of Credit from 1897

No letters of credit required

Letters of credit often slow down transactions or even worse, prevent them from happening. The cost of issuing any sort of financial instrument such as LC’s, BG’s and SBLC’s from the Banks these days has recently increased dramatically. Confirmation charges from a top 25 bank can add an additional financial burden to international transactions where buyers are using smaller banks. These extra costs cut into pure profit margin when buying goods. None of this matters if you insist on paying via Escrow. Your cash is sent to the escrow bank via the SWIFT system and sits there pending shipping or delivery documents from the seller. If the seller doesn’t perform and the goods don’t turn up, your money is returned intact.

Banking Crisis

International Banks are going through very difficult times. Many Companies fail everyday as Banks no longer provide the financial support Companies need during this time. By using our Escrow service your reliance on your Bank will become less and less over time. Cash bank to bank can be used for transactions and the need for increasing and heavy banking charges will diminish. There is one reality with Escrow. If your seller has the product and can easily be confirmed via our Escrow Account, your confidence immediately increases. Proof of Product and confirmation of shipping or delivery can be arranged quickly and efficiently. If your customer is not able to prove product to us, you can forget the enquiry and move on.

International Trade limitations

The latest Global crisis has re-established a world order for trading differently. Developing nations whether that be financially or mineral / commodity rich have not yet still the tools to maximise their potential. By using the Chartmore specifically designed Escrow system, new international markets can be established which would not have been necessarily previously available allowing sellers who have product and buyers who have funds where ever they are to trade successfully.

Advantages

Escrow transactions are fast, efficient and risk free. This is simply achieved by us establishing that the seller actually has the product available. Often a seller will provide past evidence of performance which may not be relevant for today. However, in these difficult economic times this may not be to true for tomorrow. Using our Escrow system, we can arrange for the sellers to prove product initially and once completed confirm to us all shipping or delivery documents ensuring your money is only released to the seller once successfully completed.

Speed and efficiency

We are able to complete transactions large and small within 5 working days. This helps with cash flow, use of valuable time and enables you to have certainty knowing you have a trusted third party administering your transaction, leaving you to develop further business interests.

Acquire your customer, keep your customer

The cost and work of acquiring a new customer is usually high for any business. Whether you are an end buyer or you are buying product to sell on, once you have found a supplier who is reliable, relations with that seller is as important as your own customers. Business growth is hard when there is demand which you cannot fulfil. Being certain you have a reliable supplier can help with your business growth. Using the Escrow system will help with your own credibility maintaining good relations for ongoing and lasting business.

Time Wasters

Every business has its share of time wasters. Entrepreneurs spend many valuable hours every week on customers and clients who do not have the product for a successful sale. The Chartmore Escrow system ensures you only transact with sellers who have already demonstrated already they have the goods removing time wasters from your life.

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