Please read carefully so you can find out how Escrow process works
Buyer/Seller agrees to use cognitos escrow and fills out the request form
Buyer transfer the invoice amount, we will request seller to deliver product/ service. We secure the funds until the product/ service is delivered
Cognitos will check the data and documents agreement
The buyer confirms that the product/service has been properly received and fill out the approval document for the release of funds
Once documents are verified, Cognitos will release the payment and seller will receive funds within 24 hours of working days
After we receive your request, the buyer can proceed to the next procedure
Protect your international
Payments with Digital Escrow
Escrow is an online payment method involving buyers, sellers and third parties. The third party is responsible for the accounts receivable so that the transaction process between the seller and the buyer is guaranteed. Escrow services will protect the privacy of sellers and buyers from fraud.
Cognitos escrow protects buyers and sellers by holding the buyer's funds in an escrow account until the seller fulfils their obligations.