The Payer/Buyer is the sender of money and must be an existing GoEscrow account identified by ABN, email and mobile.
The Payee/Seller is the receiver of money and must be an existing GoEscrow account identified by ABN, email and mobile.
C. Transaction Details
Escrow type notes: Select Anytime Escrow if funds are to be held until settlement is requested. Select Timed Escrow if settlement is intended for a future date/time. Select Milestone Escrow if conditions must be completed before settlement.
Anytime Escrow: GoEscrow will hold the amount in escrow until settlement is authorised by the Payer/Buyer. From one Payer to one Payee, trackable in the GoEscrow Payment Protection Apps.
Timed Escrow: Select the settlement date and time. GoEscrow will settle then unless both parties agree to a change or pause. From one Payer to one Payee, trackable in the GoEscrow Payment Protection Apps.
Milestone Escrow: Create a set of conditions that must be met before settlement. From one Payer to one Payee.
Details
Please enter a meaningful transaction description, such as:
- Used car deposit
- Website services
- Invoice INV-10482
- Painting purchase
- Equipment settlement
Random or unclear text may not be accepted.
Transaction Total
Settlement amount to Payee/Seller$0.00
GoEscrow condition surcharges$0.00
Partner condition surcharges / fee$0.00
Escrow Management Fee$0.00
Total amount payable into GoEscrow$0.00
Quote will be confirmed with GoEscrow before the transaction is created.
Amount notes: Enter either the amount to be paid by the Payer/Buyer or the amount to be received by the Payee/Seller. The fee is calculated by GoEscrow at the time of this quote and is guaranteed if you create this transaction now. It is calculated according to the GoEscrow Terms Of Use agreement, partner arrangements, user settings and escrow type.
C.2 Milestone Builder
Build a milestone release plan for this transaction. You may load up a pre-configured bundle of conditions and edit those or create your own list of conditions by clicking “ADD MILESTONE”.
Bundle Options
Choose a pre-configured Milestone Escrow bundle to preview the suggested conditions, or start blank and add your own milestones.
OR
☰ Milestone Condition
Are you sure? This is possible, but not common. Usually the party completing the milestone and the party accepting it are different.
D. Authority
I authorise GoEscrow Pty Ltd ACN 650 709 354 to create an escrow transaction. I understand that the Escrow Management Fee will be added to the funding total amount requested from the Payer/Buyer and that settlement to the Payee/Seller will occur according to the selected escrow type, unless a dispute, local lock or GoEscrow operational hold applies. I have read, understood and agree to the Terms Of Use and have read and understood the Product Disclosure Statement and Financial Services Guide.
