Escrow is a service that facilitates the transfer of funds by one party ( Buyers ) to an Escrow account which is finally transferred to other party ( Sellers ) upon the completion of certain conditions agreed by all the parties.
An Escrow account is just like savings account which is managed by a third party where the fund is deposited by one party ( Buyer ) and is held until certain conditions are met.
Escrows helps in routing funds from one party to other party in a safe and secure mode way. Escrow safeguards the rights of all the parties including buyer, seller and broker as the funds are held in a neutral bank account and routed based on pre-defined conditions.
A Digital Escrow helps customer setup escrow service and account completely online. This involves doing E-KYC of the parties online along with digital stamping of Escrow agreement which is further E-signed. An Escrow account is created after which funds transfer can be managed easily through the panel.
Escrow agreement can be cancelled at any time through mutual understanding and after approval of all the parties.
Funds deposited in the Escrow account can be released when any of the party initiate the settlement at any point of time and approved by all the parties.
With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.
Absolutely, the funds that are deposited into the Escrow account is completely secured. Any flow of funds in or out of Escrow Account must be agreed upon and approved by all the parties beforehand. With a SEBI regd. Trustee making sure all the transactions are completely authorized, you can be 100% sure that your money is secured.
With any financial product that you buy, it is important that you know you are getting the best advice from a reputable company as often you will have to provide sensitive information online or over the internet.
Endless Freight Transportation takes several steps to protect both the Buyer and Seller against fraud: - We verify the identity of all sellers involved in the transaction. - We verify the ownership of the items sold using our escrow service. - All payments by the Buyer are verified as "good funds" before the shipping starts. - All shipments are made by Endless Freight Transportation to ensure the Seller shipped and the Buyer received the item. - If the item has any previously undisclosed faults, the Buyer has the opportunity to “Reject” and return the item during the Inspection Period, while the funds are still in escrow.
The Inspection Period is the specified amount of time agreed upon by both parties in which the Buyer may examine the merchandise after receipt. The time frame selected for the Buyer can range between 1 to 30 days and must be agreed upon by all parties at the beginning of the transaction. The Inspection Period begins when the Buyer receives the item. The Buyer must accept or reject the goods within this period. Buyers and Sellers should make sure the inspection period provides adequate time for any authentication and/or appraisal process that may be necessary to complete the transaction.
Yes. We offer secure, clean storage for small and large vehicles like sedans, SUV's, trucks, RV's, boats, motorcycles and heavy equipment.
Endless Freight Transportation may release funds to the Seller after the Inspection Period has ended. The Inspection Period is agreed upon by both parties and commences once the Buyer confirms receipt or Endless Freight Transportation confirms delivery of the item. In the event the transaction closes without involvement from the Buyer, a 48 hour notice may be sent to the Buyer. Funds are released to the Seller the same or next business day after successful completion of a transaction and upon verification by Endless Freight Transportation.
If, by any reason, the item does not pass the Buyer’s inspection, it will be returned to the Seller, on Seller’s expense and the funds will be returned to the Buyer in full within 24 hours.
Corporate staff is working remotely. Endless Freight Transportation will continue to offer our customers full benefits during this time. As rates of new infections continue to grow in other places, we’re taking additional steps to protect our team members and customers. To ensure the health and safety community, the Endless Freight Transportation staff is currently conducting all business functions remotely.
Yes, your vehicle is fully insured from the moment a carrier picks it up to the time of delivery. We pre-screen every car shipping carrier to ensure they meet all insurance requirements under the Department of Transport (DOT) regulations. How much your vehicle will be insured depends on your vehicle’s value, the type of trailer used, and the company. Typically, an open car transport carrier will offer cargo insurance coverage between $100,000 and $150,000. An enclosed auto transport carrier will offer cargo insurance coverage between $250,000 and $3,000,000.
The actual transit time for our auto transport services depends on several factors. These include traffic, road construction, weather, seasonality, detours, and driver’s hours. On average, you can expect it to take 1-2 days for distances under 200 miles. It can take up to 9 days for distances over 2,000 miles. Rest assured, our car shipping advisors do everything they can to ensure your car is shipped efficiently, quickly, and with no delays. If you’re pushed for time, we can offer an express car shipping service or a guaranteed pick-up. These auto transport services expedite the shipping process.
Yes. The Purchaser must be present at shipping address which is written in the Escrow Agreement. The driver transporter will not unload the vehicle without an authorized Purchaser signature on the Bill of Lading.
The transporter will call you within 24 hours prior to delivery and make every effort to arrange a schedule that is convenient for you.
We require our Carriers to operate in accordance with the contracted agreement and within federal regulations. Unless otherwise specified, your item will be on the trailer from the agreed pick-up point straight through to your specific delivery location. The only time the item will be driven is during loading and unloading.
We offer various options, depending on your requirements. For high-worth, antique or exotic vehicles, we also facilitate transport in Enclosed trailers which offer maximum protection. For more information on your options, request a quote and receive a free, no obligation consultation with your dedicated Endless Freight Transportation Advisor.