Overview

Tazapay’s Escrow is a digital escrow service that protects cross-border payments by holding buyer funds in a neutral account until sellers meet agreed conditions. It supports platform and API integrations or a dashboard flow to create and manage escrows. The service reduces payment risk for international trade, mediates disputes, and enables conditional fund release once verification steps are complete.

Features and Capabilities

• Core Escrow Functionality: Escrow holds buyer funds securely until predefined release conditions (delivery, document verification, acceptance) are satisfied; funds are released only after verification.
• Integration Options: Offers dashboard-based creation, hosted/no-code solutions, plugins, and a full API for programmatic creation of escrow agreements, including sandbox testing for developers.
• Payment Methods & Global Coverage: Supports many local payment methods and card options across 170+ countries, enabling payers to fund escrow via regionally relevant rails.
• Funding & Payment Flow: Multiple funding options are displayed to payers based on currency and country; the platform guides buyers through payment steps and notifies counterparties when escrow is funded.
• Dispute Resolution & Buyer/Seller Protections: Built-in mediation workflow ensures disputes are handled by withholding release, mediating between parties, and applying defined dispute processes inside the escrow agreement.
• Agreement & Contract Controls: Escrow agreements capture buyer/seller details, items or services, price, release conditions, required documents, and dispute steps, accepted by both parties before funding.
• Webhooks & Eventing: Real-time webhook events (such as escrow status changes) allow platforms to automate processes and support reconciliation.
• Risk & Compliance: Integrated risk checks, AML/KYC, and fraud management simplify cross-border compliance for platforms and merchants.
• Use Cases & Target Scenarios: Suitable for B2B international trade, marketplaces, high-value eCommerce, service contracts, and any scenario requiring conditional release of funds.