payments

Escrow Payment Protection Explained

Gloseg's escrow system holds buyer payments securely until delivery is confirmed, protecting both parties in every transaction. ## How Escrow Works 1. **Buyer pays** → Funds held in Gloseg escrow 2. **Seller ships** → Provides tracking information 3. **Buyer receives** → Inspects goods 4. **Buyer confirms** → Funds released to seller 5. **Auto-release** → 14 days after delivery if no dispute ## Escrow Fee Structure - Orders under $5,000: 2.5% - Orders $5,000-$50,000: 2% - Orders over $50,000: 1.5% ## Milestone Releases For large orders, funds can be released in stages: - 30% on production start - 40% on shipment - 30% on delivery confirmation ## Dispute Resolution If issues arise: 1. Buyer raises dispute within 14 days 2. Evidence submitted by both parties 3. Gloseg mediator reviews case 4. Resolution within 7 business days ## Seller Protection Escrow also protects sellers from: -…