Escrow System
Our escrow mechanism ensures secure, transparent, and fair transactions between all parties involved.
Trust & Protection
Safeguards payments for all parties involved.
Secure Holding
Funds are securely held until conditions are met.
Fair Resolution
Transparent handling of disputes and milestones.
Clear Flow
Well-defined release and approval process.
1. What is an Escrow System?
An escrow system is a secure arrangement where payments are held by Saubh.Tech as a neutral third party until predefined conditions are fulfilled. This protects both service providers and customers from fraud, non-performance, or disputes.
2. How Saubh.Tech Escrow Works
When a transaction qualifies for escrow, the payment is securely held and released only after successful completion of agreed milestones or service delivery confirmation, as per mutually agreed terms.
3. When Escrow is Applicable
Escrow may be applied to high-value services, long-term engagements, customized solutions, enterprise contracts, or any transaction where added protection is deemed necessary by Saubh.Tech.
4. Responsibilities of Parties
Customers are required to clearly define service requirements, timelines, and acceptance criteria. Service providers must deliver services as agreed. Saubh.Tech acts solely as an impartial escrow facilitator.
5. Release of Funds
Funds are released upon confirmation of successful service completion or milestone approval. In case of non-response within a reasonable period, Saubh.Tech reserves the right to take a fair decision based on available evidence.
6. Dispute Resolution
In case of disputes, both parties may submit relevant documentation. Saubh.Tech will conduct an internal review and attempt to resolve disputes fairly and transparently. Decisions taken under escrow review are final unless otherwise required by law.
7. Escrow Fees
Saubh.Tech may charge an escrow facilitation or processing fee. Applicable fees, if any, will be transparently disclosed prior to transaction confirmation.
8. Limitations
Saubh.Tech does not guarantee the quality, legality, or outcome of services provided by third parties. Our role is limited to escrow facilitation and dispute mediation within defined terms.
9. Termination of Escrow
Escrow arrangements may be terminated upon mutual agreement, legal obligation, or policy violation. In such cases, funds will be handled in accordance with applicable laws and contractual obligations.
10. Legal Compliance
All escrow transactions are handled in compliance with applicable financial, contractual, and consumer protection laws of India.