Easy Wallet's escrow account allows platforms to hold funds on behalf of their merchants before automatically paying them.
Keep the funds intended to your merchants in your escrow account:
Control funds transfers between your escrow account and your merchants’ wallets:
Learn all about CentralPay escrow account
Intended for platforms carrying out third party payments (marketplaces, financial platforms, merchant networks, etc.), it enables you to collect and store your users' funds, then initiate transfers to third-party payment wallets.
None. These two accounts functions are identical. They are used to hold third party funds in an independent account. Traditionally, the term “escrow” is mainly used by banks, and “trust” by real estates.
Two types of flows are involved in the use of a CentralPay escrow account:
Collection, escrow, and transfer of third-party funds are strictly supervised by ACPR regulations (Banque de France). The escrow account agreement must contain several items of information, including: