Joomlancers provides users with escrow payment options to help projects get completed smoothly. Buyers can set aside a specific amount of money into an escrow account on Joomlancers, for a specific Provider. Both users can then view the payment in the escrow account, but only the Buyer can complete the payment from the escrow account to the Provider. The Provider is the only person (other than Joomlancers staff) who can cancel this escrow payment. This gives each party half of the control over the money in the escrow account.
If the project gets completed the Buyer can transfer the money from the escrow account to the Provider. If the project is cancelled amicably, the Provider can deny the escrow payment and the money will return to the Buyer’s account. If there are any disputes over a project the Joomlancers staff must be contacted before any money can be moved from the escrow account.
Joomlancers encourages its users to send and receive money with the escrow system because it’s another great way to make sure everyone gets what they want from a project.
To manage your escrow payments, just login to your account. Escrows function is available in My Cpanel menu.