Escrow-based payments have been around for over 150 years and are not new. They have mostly been restricted to large transactions, like mergers and acquisitions, cross-border deals, etc. Setting up an escrow account is a complicated process but smart
escrow service providers of today use ingenious technology to create easy-to-access platforms, democratising the escrow service as a safe and secure payment mechanism. An escrow account is emerging as a unique and novel mechanism, which creates
an added layer of transparency in the ecosystem, helping build more trust.