Escrow Service for Secure Online Payments in Nigeria

Escrow Service for Secure Online Payments in Nigeria

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Escrow Service for Secure Online Payments in Nigeria

Escrow Service for Secure Online Payments in Nigeria

Escrow Service for Secure Online Payments in Nigeria

Ecommerce in Nigeria, estimated at $13 billion by the London based Economist Intelligence Unit (EIU), is a vital sector that, if properly harnessed, can create more means of livelihood for individuals and massive jobs for youths, enhance Market Access and sales for SME’s, boost economic development, reduce poverty and help in achieving some other Sustainable Development Goals.

Unfortunately, the progress of ecommerce in Nigeria is being hampered by several factors, one of which is distrust caused by the activities of fraudsters and scammers who pose online as genuine sellers or buyers.

It is very common to have situations where buyers pay for pets only to wake up to the realization that they have been scammed.

Same applies to unsuspecting sellers who sell their pets end up either incurring losses or getting out rightly defrauded.

To solve the mistrust between buyers and sellers and to drastically reduce incidences of online fraud, escrow payment arrangements by EscrowLock have proved beneficial.

Escrow Payments in Nigeria - 5 Steps to Using EscrowLock

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