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Escrow Services
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Third Party Funds holding and transfer

Similar in function to the classic PayPal and Ebay system of paying for goods received after satisfactory completion of works carried out.

The Federation provides a system where a situation arises that would help mediate a satisfactory completion of a gate/ barrier installation. This system known as Escrow - allows AESIF to oversee the project and communicate with both the contractor and end customer.

The contractor and customer agree to AESIF acting as Escrow agents and receive the contract agreed value in an agreed currency from the end customer and holds it until the contractor has completed the installation and both contractor and customer acknowledge satisfactory completion of the project. At which time AESIF will release the funds held on behalf of the end customer to the contractor who has carried out the project work.

This system of Escrow Service is beneficial when situations arise of lack of faith between the parties that the contracted works will be completed satisfactory or where the contractor is in doubt that they will indeed receive total payment for the project they are undertaking.

AESIF does have to charge for such a service - Please contacts us immediately giving details of your situation so that we can accurately assess the situation and explain the level of charge required for AESIF to act as Escrow Agents in your particular case.

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