payments

Understanding Escrow Protection

How Gloseg's escrow system keeps your money safe during transactions. ## What is Escrow? Escrow is a secure holding arrangement where Gloseg holds the buyer's payment until the transaction is successfully completed. ## How It Works ### 1. Buyer Pays - Payment goes to Gloseg (not directly to seller) - Funds held in secure escrow account - Buyer receives payment confirmation ### 2. Seller Ships - Seller prepares and ships goods - Uploads shipping/tracking information - Buyer notified of dispatch ### 3. Buyer Receives - Goods delivered to buyer - Buyer inspects the order - Confirms receipt on Gloseg ### 4. Funds Released - After confirmation, escrow releases - Seller receives payment (minus commission) - Transaction completed ## Escrow Timeline | Event | Timeline | |-------|----------| | Payment held | Until delivery confirmed | | Auto-release | 14 days after delivery | | Dispute window |…