Doing business with people you don’t know is really risky without a trusted and well-known Escrow Agency especially when you’re in Nigeria. In this post, we’ll be taking you through Top Escrow Agency in Nigeria, what they do, and how they do it.

Escrow agencies are entities that hold property in trust for third parties while a disagreement is resolved or a transaction is being finalized. They have a fiduciary obligation to both parties of the escrow agreement.

Escrow agencies basically serve as neutral intermediaries in the context of an escrow agreement.

An escrow agreement is a contract between two parties whereby each party agrees that a trusted third party (Escrow Agency) should hold an asset on their behalf until their transaction is completed.

The funds or assets are held by these escrow agencies until they receive the appropriate instructions or until predetermined contractual responsibilities have been fulfilled.

Money, funds, securities, and titles to real estate can all be held in escrow.

Let’s take a look at some Top Escrow Agencies in Nigeria:

Top Escrow Agency in Nigeria

The following are 8 Top Escrow Agencies in Nigeria, what they do, and how they do it:

1. 360 Escrow

360 Escrow - Escrow Agency in Nigeria

Buying things online these days is becoming very risky as you do not know if the seller is actually genuine and trustworthy or not.

These sellers will tell you to trust them and send your hard-earned money to them or maybe your hard earn online Business, AdSense account, PayPal funds, or whatever might be in your possession.

Do not be a victim to such a request without using an escrow service to protect your interest as anything can happen.

It is simple to use, fast and reliable.

You should always keep in mind that using a licensed escrow service to buy and sell merchandise, services and more is the most convenient and secure way to complete transactions online.

Facilitated by a trusted third-party, the 360 escrow process acts as your personal tool to ensure a safe, secure, and intuitive sale at the buyers’ end as well as the sellers.

You should also keep in mind that 360 Escrow is one of the best Escrow Service Providers in Nigeria.

How it Works

Here’s how the 360 Escrow Platform works:

  • You and the Buyer will first agree to terms of using 360 escrow and the worth of the product or service
  • The buyer will log in to his 360 escrow account and make payment through the escrow service using Paystack or PayPal
  • Then, the seller will deliver the goods or service to the Buyer once the seller confirm escrowed payment.
  • The buyer will confirm your goods or service to be what he wanted and in good shape.
  • Lastly, 360 will release payment to the Seller and both parties are safe and happy.

How to Use 360 Escrow

To use the 360 Escrow, you’ll have to sign up for an account here.


360 Escrow sign up Page - Escrow Agency in Nigeria

Then, you’ll be required to confirm your account with a confirmation link that’ll be sent to the email you provided while registering.

If you’re a buyer that wants to pay for a product or service, you’ll be required to fund your account.

Click here to know the 360 Escrow Fees, how to fund your 360 account, how to pay for products and services with 360 Escrow, how to release payments to a seller’s account, and how to withdraw funds on 360 Escrow.

2. Vesicash


Vesicash is a top Escrow Agency in Nigeria that believes their mission is to eradicate not just peer-to-peer fraud, but all kinds of payment fraud so that everyone, everywhere can make transactions with total confidence.

They believe all parties involved in a transaction have the right to be included in the payment procedure from the outset to the end of the transaction process.

They feel they have a responsibility to ensure that this right is exerted and online payment is enhanced to the optimal best.

Their flexible escrow technology guarantees that digital commerce is always a transparent process.

Their system is built to meet various business use cases. Release of funds depends on the authorisation of transacting parties.

3. - Escrow Agency in Nigeria

Payscrow is another Top Escrow Agency in Nigeria you can use for your payments.

They can be used for all types of trades from cars, to eCommerce payments, household items, and just about anything.

Their escrow fees can be paid by either the buyer or seller or even split between both parties.

For buyers, you can now get your product specs delivered or get a refund without stories. You won’t be taken for granted anymore.

For sellers, once they receive payments, you will be informed to go ahead and start processing the order with a 100% assurance that the funds will be released to you once there’s proof of delivery.

It’s a better alternative to Pay-on-delivery/Cash-on-delivery.

4. Secapay


Secapay is another Top Escrow Agency in Nigeria and their escrow system is developed to offer buyers peace of mind when paying for goods and services online.

Their escrow system is built for various types of people ranging from companies, e-commerce, students, agents, etc.

As a seller using the secapay escrow system, you are assured that you’ll get paid after delivering authentic goods and services to a customer.

The customer is also protected from the seller by ensuring he or she delivers the advertised product or service.

5. TrustMate Escrow

TrustMate Escrow - Escrow Agency in Nigeria

TrustMate® Escrow Is one of the most secure, reliable, and risk-free Escrow Agencies in Nigeria used to safeguard merchants, brokers, and consumers against any kind of fraud.

This Escrow Agency in Nigeria is your third-party payment protection against frauds and scams!

As escrow agents and risk managers, they assume the duty of monitoring and regulating the promised finances for any contractual agreement between two parties.

They conditionally hold these funds in an escrow custodial account until the terms of the contract are met.

That is, when both parties are satisfied with the transfer, they disburse the withheld funds.

6. LockMyCash


LockMyCash offers an online escrow service that protects buyers and sellers from fraud during transactions.

They do this by acting as a trusted third-party that collects and holds funds from a buyer and releases it to the seller when the buyer is satisfied or based on a predetermined agreement.

Sellers only ship products after getting a confirmation that payment has been received from the buyer on LockMyCash.

This will eliminate pay on delivery and cut out delivery expenses to buyers that are not ready to do business.

A buyer releases the funds to the seller only and after he must have received and examined the items he ordered and if satisfied, he releases payment to the seller.

But if the buyer isn’t satisfied, he’ll get a full refund. No story

7. TradeNaira

TradeNaira - Escrow Agency in Nigeria


TradeNAIRA is another Top Escrow Agency in Nigeria that reduce the risk of fraud by acting as a trusted third-party.

They collect, hold, and only disburse funds when both Buyers and Sellers are satisfied.

They offer one of the fastest, cost-efficient, most advanced, and transparent peer-to-peer matching engine for corporate and mid-high value currency transactions.

Their platforms are developed to handle high volumes of transactions all day long.

Their clients depend on them to aid their personal and business investment, commerce, and remittance activities.

They strive to bring positive revolution to redundant, restrictive, and obsolete banking models by using technology to permit real-market players to dictate their own terms and pricing.

8. AtaraPay


AtaraPay is a fair third party powered by CBN-Licensed banks to validate and hold the buyer’s funds until the seller makes the promised delivery.

Only after examining the delivery does the buyer release the funds to the seller.

They are a web and mobile service used by sellers and buyers for safety during online and offline commercial transactions through money held in escrow by a trusted third-party.

Whether you’re buying or selling an old phone or a new vehicle, keep your transaction simple, safe, and affordable.


With this post on Escrow Agency in Nigeria, you can now make transactions safely and securely with an Escrow Agency.

To use these Escrow Agencies, you need to create an account with them.

Though, 360 Escrow is the safest and most user-friendly platform for Escrow transactions.

For more information on these agencies, do check out their websites.

Lastly, here’s a summary of who Escrow Agencies are and what they do:

  • Escrow agencies are third parties that hold an asset or funds before they are transferred from one party to another.
  • They hold the funds or the asset until both parties have performed their contractual necessities.
  • Escrow agencies are often linked to real estate transactions, but they can be used in any situation where funds will be transferred from one party to another.
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