Are you planning to do business with someone you don’t know or trust in Africa? No worries, this post will be highlighting the #1 Rated Best Escrow Company in Africa and some of the best escrow companies in Africa.

Escrow companies in Africa are most widespread in Nigeria, South Africa, and Kenya.

In this post, we’ll be discussing

  • The concept of Escrow,
  • What Escrow Companies are,
  • The #1 Rated Best Escrow Company in Africa,
  • Other Best Escrow Companies in Africa.

What is Escrow?

Escrow is an arrangement where a third party, such as 360 Escrow, safeguards the funds of the buyer until all the predetermined conditions of the agreement between the transacting parties have been met.

After the buyer and seller meet the conditions of the agreement and the buyer is satisfied with the seller’s product or service, the third party (such as 360 Escrow) will release the funds to the seller.

What are Escrow Companies?

Escrow companies are organizations that allow transacting parties to use their platform for safe and secure transactions.

They are commonly used in the transfer of high value personal and business property, such as websites and businesses.

Escrow companies are also used in the completion of person-to-person remote auctions (such as eBay).

#1 Rated Best Escrow Company in Africa

The company below is the #1 Rated Best Escrow Company in Africa:

1. 360 Escrow

360 Escrow - Escrow Company in Africa

Location: Lagos, Nigeria.

Website: www.360.com.ng/escrow

Email Address: info@360.com.ng

Phone: +234 (0) 909 000 0097

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

These sellers will probably tell you to trust them and send your hard-earned money, online business, AdSense account, PayPal funds, etc. to them.

Do not fall victim to such requests without using an escrow service to safeguard your interest as anything can happen.

360 Escrow is simple to use, fast and reliable.

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

The 360 Escrow process acts as your personal tool to guarantee 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 the #1 Rated Best Escrow Company in Africa.

How it Works

Here’s how the 360 Escrow Platform works:

  • You and the Buyer will first agree to terms and conditions of using 360 escrow and the worth of the product or service
  • After that, 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 services to the Buyer once the seller has confirmed escrowed payment.
  • The buyer will confirm the goods or service of the seller to be what he wanted and in good shape.
  • Lastly, 360 Escrow 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

After you click Sign Up, your account will be set to start making Escrow transactions.

360 Escrow is probably the easiest Escrow Company in Africa to register an Escrow account.

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

Also, you should click here to know

  • The 360 Escrow Fees,
  • How to fund your 360 Escrow account,
  • How to pay for products and services with 360 Escrow,
  • The steps to release payments to a seller’s account, and
  • How to withdraw funds on 360 Escrow.

Other Best Escrow Companies in Africa

The following are the other best companies in Africa apart from 360 Escrow:

1. Vesicash

Vesicash - Escrow Company in Africa

Location: Lagos, Nigeria.

Website: www.vesicash.com

Email Address: info@vesicah.com

Phone: +234 806 658 9385

Vesicash is an Escrow Company in Africa that offers escrow various services like

  • Peer-to-Peer Transactions,
  • Instant Escrow,
  • Trizact Escrow,
  • Moneypool Escrow, and
  • Milestone Escrow.

They believe their mission is to eradicate not just peer-to-peer fraud, but all payment fraud so that everyone, everywhere can make transactions with total confidence.

Vesicash believes all parties involved in a business deal reserve the right to be included in the payment process right from the beginning to the end of the process.

They feel they have an obligation to make sure this right is exercised and online payment is developed to the optimal best.

2. PayScrow

PayScrow

Location: Lagos, Nigeria.

Website: www.payscrow.net

Email Address: hello@payscrow.net

Phone: +234 805 663 4898

They are an independent escrow company in Africa working with CBN (Central Bank of Nigeria) licensed Deposit Money Banks and payment processors to make sure both the buyers and the sellers are satisfied with their transactions.

PayScrow can be used for various forms of transactions ranging from cars to household items to e-commerce payments, and everything in between.

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

The PayScrow Escrow process is as follows:

  1. First, the buyer and the seller agree to terms
  2. Then, the buyer makes a deposit
  3. After that, the seller delivers the product/service
  4. Lastly, the funds are released when the buyer is satisfied.

3. TradeSafe Escrow

TradeSafe Escrow - Escrow Company in Africa

Location: Sandton, South Africa.

Website: www.tradesafe.co.za

Email Address: support@tradesafe.co.za

Phone: +27 (0) 10 020 3101

With the continued growth in transactional fraud in South Africa, as well as the growing lack of trust and confidence between transacting parties, the founders of TradeSafe Escrow had a common vision of offering a trusted service that ensures both buyer and seller security.

This company is an independent Escrow Company in Africa that safeguards the buyer’s funds in trust until the seller delivers the necessary goods/services to the buyer.

TradeSafe releases the funds to the seller only when the buyer is happy and satisfied with the goods or services received.

Their escrow approach eradicates the risk of fraud, scams, or bad debt.

4. Truzo

Truzo

Location: Johannesburg, South Africa.

Website: www.truzo.com

Email Address: info@truzo.com

Phone: +27 11 486 0692, +27 11 486 0847

The motto of this Escrow Company in Africa is Creating Trust Between Strangers, One Safe and Secure Transaction at a Time.

Truzo is an independent Escrow Company in Africa that allows buyers and sellers to make transactions anywhere, on any device, and in a safe & secure way.

This company is registered with the Payments Association of South Africa (PASA) and regulated by the Financial Sector Conduct Authority (FSCA).

They perform thorough compliance checks on every Truzo user to guarantee a safe and secure environment.

This Escrow Company in Africa works with various banks has various payment methods and offers a multi-currency solution via the UK office.

They also create tailored solutions to meet individual and/or business needs, no matter the size of the transaction.

5. Paysho

Paysho - Escrow Company in Africa

Location: East London, South Africa.

Website: www.paysho.co.za

Email Address: support@paysho.co.za

Phone: +27 (0) 87 012 5690

Paysho is a South African escrow service that offers financial protection for buyers and sellers by keeping the funds till both parties are satisfied.

They safeguard the funds till both parties meet the terms of the transaction.

Whether it is physical or digital goods or services, this Escrow Company in Africa ensures that all buyers and sellers are safeguarded equally.

They also ensure that these buyers and sellers can transact with each other in complete peace of mind. There is no room for uncertainty or worries.

With Paysho protecting your transaction, you can be assured that your funds are in safe hands, free from any kind of fraud.

Paysho knows that uncertainty doesn’t feel good. That is why you can depend on them to make sure your merchandise or payment is protected with every transaction.

6. Standard Bank Escrow

Standard Bank Escrow

Location: Johannesburg, South Africa.

Website: www.standardbank.com

Email Address: information@standardbank.com

Phone: +27 (0) 80 002 0600, +27 (0) 10 249 0423

Reduce the risk of fraud when buying or selling with this Escrow Company in Africa.

As a buyer, you can protect your funds in an escrow account till the seller delivers the goods or services he promised.

As a seller, you can have peace of mind as the transaction will only start when the buyer deposits the agreed funds.

Some of the benefits of this Escrow Company in Africa are that:

  • They offer fast and cost-effective services,
  • They protect both transacting parties,
  • Standard Bank Escrow sends automated notifications, and
  • They offer a partial release of funds.

7. MiddleTrust

Middletrust - Escrow Company in Africa

Location: Lagos, Nigeria.

Website: www.middletrust.com

Email Address: hello@middletrust.com

Phone: +234 702 669 0235

Middletrust is an advanced escrow solution that assists you in transacting safely with your clients and peers. They ensure that you’re 100% safe in your everyday transactions.

This Escrow Company in Africa uniquely leverages technology to economically empower millions of people around the world to perform their everyday transactions securely.

Middletrust acts as a trusted middleman in all kinds of transactions.

Their application provides a platform that permits involved parties to write and accept transaction contracts.

This, in turn, enables them to make sure all parties involved adhere to the contractual agreements as agreed by both parties thus making room for a secure and stress-free transaction.

8. Escrow Kenya

Escrow Kenya

Location: Nairobi, Kenya.

Website: www.escrowkenya.com

Email Address: support@escrowkenya.com

Phone: +254 703 300 000

With Escrow Kenya’s online escrow service, you can buy and sell your products or services safely without distressing about being scammed.

Escrow Kenya pledges security to both buyers and sellers, especially when trading online.

After inspecting the delivery, the buyer accepts it and approves funds to be released to the seller.

Escrow Kenya confirms that the buyer received the goods or services in good condition.

9. TrustMate Escrow

TrustMate Escrow - Escrow Company in Africa

Location: Abuja, Nigeria.

Website: www.trustmateescrow.com

Email Address: trustmate.escrow@outlook.com

Phone: +234 816 760 4164

TrustMate® Escrow is a very reliable, secure, and risk-free Escrow Company in Africa.

This escrow company safeguards brokers, merchants, and consumers against transaction fraud.

They are your third-party payment protection against scams!

As escrow agents and risk managers, TrustMate® Escrow assumes the role of supervising and handling the promised finances for any contract-based agreement between two parties.

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

Once both parties are pleased with the transfer, they disburse the funds.

Conclusion

With the #1 Rated Best Escrow Company in Africa and 9 Other Best Escrow Companies in Africa featured in this post, you can now make transactions safely and securely from anywhere in Africa.

Do check out the websites of these escrow companies to know more about them.

You can also contact them via their phone numbers and email addresses.

Lastly, you should also give the #1 Rated Best Escrow Company in Africa a trial and tell us what you think about it in the comment section.

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