Escrow

Escrow

How Endless Freight Transportation Escrow Works?

We take pride in our association with some of the most reputable and well-known banks such as Chase, Bank of America, and Fargo. They are partnered with us to provide reliable escrow accounts for our clients. We take great pride in assuring our clients that their funds are safely secured by experienced and reputable banks.

The purpose of these partnerships is to provide an extra layer of security and assurance throughout the transaction process. By leveraging the expertise and trustworthiness of these banks, we can ensure that all funds passed through our escrow accounts are protected and handled with utmost care.

Rest assured, your funds are safe and secured by these partner banks. Our escrow accounts are designed to safeguard your money, providing an added level of reassurance to all parties involved in the transaction.

If the buyer approves the vehicle during this time, the escrow payment is released to the seller. If they reject the vehicle, the funds are returned to the buyer’s bank account.

Escrow Services

ESCROW TRANSACTIONS

The escrow transaction process typically begins once both parties agree on the price. The buyer sends the agreed amount to our escrow account. The funds are held in the escrow account during the inspection period, which can last a few business days. If the buyer approves the vehicle during this time, the escrow payment is released to the seller. If they reject the vehicle, the funds are returned to the buyer’s bank account.

An escrow account is an account designed to hold funds temporarily in safekeeping. For example: the escrow account does not favor the seller or purchaser — they just follow the rules that purchasers and sellers agree to. Escrow accounts can help to facilitate almost any kind of transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.

The process of using Endless Freight Transportation escrow service for your car, motorcycle, boat, RV or heavy equipment purchase couldn’t be simpler. Once the purchaser has chosen the item that they want to buy they will contact Endless Freight Transportation to have the terms of the sale written up. These terms include, but are not limited to, the cost of the item and a period in which the purchaser can let the seller know if they are unhappy with any aspects of the item, this is an extra guarantee to the purchaser, provided by Endless Freight Transportation, that if the item has any previously undisclosed faults, they will be within their rights to dispute the transaction.

  • Transparent Pricing

  • Real Time Tracking

  • Warehouse Storage

  • 24/7 Hours Support

  • Security For Cargo

  • Environmental Sensitivity

  • Professional and Qualified

  • Fast & Efficient Delivery

  • Easy Payment Methods

  • Personalised solutions

5 EASY STEPS FOR BUYING AND SELLING

1. BUYER AND SELLER AGREE TO TERMS

Both parties agree to terms and conditions of the transaction, which include a detailed description of the item, the agreed purchase price and the number of days for the buyer’s inspection of the item.

2. BUYER PAYS Endless Freight TRANSPORTATION

The Buyer submits a payment by approved payment method to our secure Escrow Account. Our Financial department verifies the payment, the Seller is notified that funds have been secured ‘ In Escrow’. Payment verification process takes up to 24 hours.

3. Endless Freight TRANSPORTATION SHIPS ITEM TO BUYER

Once the transaction is complete and the funds are securely held in escrow, Endless Freight Transportation will promptly arrange for the item delivery to Buyer’s shipping address. The 5 days inspection period begins once the item is delivered at Buyer’s shipping address.

4. BUYER ACCEPTS ITEM

The Buyer has a set number of days to inspect the item and the option to accept or reject it. It is the Buyer’s responsibility to inspect the item, and make their own assessment as to the item’s condition and suitability for use. The Buyer accepts the item.

5. Endless Freight TRANSPORTATION PAYS THE SELLER

Endless Freight Transportation releases funds to the Seller from the Escrow Account and the transaction is complete. If the Buyer is not satisfied, Buyer must notify our department. A solution to most problems can usually be negotiated between the Buyer and Seller. If this is not possible, the funds will be refunded to the Buyer within 24 hours.

Transparent Pricing
Transparent Pricing

The concept of price transparency refers to the availability and accessibility of information about the prices of goods and services.

Real-Time Tracking
Real-Time Tracking

The tracking method that makes use of GPS as well as logistics databases to determine the current location of a person, vehicle, or object at any moment in time is known as Real-time Tracking.

Warehouse Storage
Warehouse Storage

Our warehouse services drive productivity & efficiency with the right talent & technology.

Security For Cargo
Security For Cargo

We provide warehouse security and services in access control, ID verification, vehicle inspections, container inspections, and camera and alarm monitoring for some ...

Easy Payment Methods
Easy Payment Methods

A wire transfer is a simple and reliable way to send money. It can easily be done online – through an online bank account or a money transfer ...

24/7 Hours Support
24/7 Hours Support

24/7 customer support means customers can get help and find answers to questions as soon as they come up—24/7 and in real-time.

Fast & Efficient Delivery
Fast & Efficient Delivery

Our software calculates a one-hour delivery time frame, keeping customers up-to-date on their order status with a Delivery-ID sent via email & SMS.

Personalised solutions
Personalised solutions

Fully integrated solutions that improve flexibility, efficiency, and customer experience.

GET THE Endless Freight Transportation ADVANTAGE

 

We ensure your transactions are safely carried out and secured without the risk of either party losing money or valuable cargo by keeping payment secured and releasing cargoes only when all the terms of an agreement are met.

We provide protection to both buyer and seller, facilitating secure transactions and enabling buyers and sellers to trade confidently.

Document Preparation : The following forms, for instance, are standard and used frequently in our transactions :

Invoice
Escrow Agreement
Bill of Landing

Having a knowledgeable Escrow Officer who gives good customer service will make a huge difference.

 

                  PROTECTION & REFUND

 

To protect you against the risk of liability, Endless Freight Transportation holds the purchaser’s funds pursuant to the terms of the Endless Freight Transportation Purchase Protection Program Policy, and any other agreement entered Endless Freight Transportation and its customers. When payment is received, it will be verified and secured into a non-interest-bearing trust account. After payment is secured, Endless Freight Transportation ships the item to the purchaser.

When you make a transaction using Endless Freight Transportation, your funds are held in secured, non interest bearing trust account until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud or wrongly described goods.

 

                       PROFESSIONAL ESCROW OFFICERS

 

Our licensed and regulated services are also backed by our experienced and knowledgeable escrow officers. Our friendly escrow professionals are available to assist you personally with any need that may arise. That being the reason, that our Bank accounts are handled by our Escrow officers.

 

            WHY SHOULD WE PAY ONLINE?

 

With dozens of other payment options available such as checks, drafts, money orders, and electronic bank transfers, one may wonder why so many people use this new method of payment. Indeed, the older payment methods are tried, tested, and a lot more comfortable for some people. However, online payment offers exclusive advantages that other payment options don’t.

When paying online, you can easily buy an item, basically anywhere in the world, much faster than the check-and-stamp method. Automated payments also mean that there are no delays or late penalties. Contrary to popular belief, it is much safer to conduct your transaction online as everything is documented, and there are no sensitive details on paper.

Online payment eliminates clutter by, in some cases, eliminating the need for paper bills that require filing. It makes organizing and keeping track of payments easier and more convenient. Finally, if using online payments, many banks will provide graphs and information that help you track your spending and keep your budget on task.

There are many types of transactions that can be made online, everything from paying your phone bill to purchasing small gifts for family members. For larger transactions, though, you may want to seek the services of an escrow company. By putting your money into an escrow account, you can protect yourself from fraud.

 

                     ADVANTAGES OF USING Endless Freight Transportation

 

Endless Freight Transportation ensures that the buyer and the seller are protected equally and their disputes dealt with the utmost concern. Endless Freight Transportation verifies the funds sent by the buyer and keeps them in our secure trust escrow account for the seller. We ship the item only after the buyer has made complete payment to Endless Freight Transportation. Endless Freight Transportation ships and tracks your merchandise to make sure that it is delivered in time according to the conditions mentioned in the agreement. The seller is not paid until the buyer accepts the merchandise and has the chance to fully inspect it. After the buyer inspects and accepts the merchandise, the funds will be moved from our escrow account to the seller’s account.

There is no scope for uncertainty or worries as the entire transaction is conducted under the supervision of Endless Freight Transportation honest and diligent professionals. With Endless Freight Transportation reliable brand shielding your transaction, you can rest assured that your funds are in safe hands, free from fraud. The sale is highly simplified as you, the buyer, just pay off your price and let Endless Freight Transportation handle everything else, be it shipping, delivery or quality inspection. Endless Freight Transportation sliding revenue scale ensures that large transactions don’t mean huge chargebacks and fees.