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What is Escrow?

An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.

Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a digital currency being bought where the buyer might want confirmation of the delivery into wallet before making a full payment, and the seller doesn’t want to transfer the currency without any assurance that he or she will receive payment. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, Gems Mobile Money Escrow provides online escrow services at affordable rates. While the payment is 'In GMM Escrow' the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.


Initiating ESCROW In FIVE (5) Simple Steps

  1. Buyer and Seller calls each other, reach Agreement on trasacting together and price amendment if necessary
    NOTE: CURRENCY DETAILS CANNOT BE EDITED ONCE ESCROW IS INITIATED
  2. The buyer funds his/her Gems Mobile Money Wallet with the currency worth in Nigerian Naira (₦)
  3. Gems Mobile Money notifies seller of pending transaction and assures seller to transfer currency to buyer
  4. Buyer affirms receipt of currency into wallet
  5. Gems Mobile Money credits seller's account immediately upon request

 

Ready to Buy? INITIATE AN ESCROW Now!

How to Buy Digital Currencies

Visit the Digital Currency Market to view and choose currency and preferred seller.

Having chosen preferred seller, do take your time to read the Buyer's tips.

Having read the Buyer's tips, you may go ahead to strike a deal with your preferred seller (If you're not using an Escrow service please play along with smartness) but if you'll love to have a safer transaction with our ESCROW service do read about HOW IT WORKS.

 

But if you were unable to see your preferred listing, you may post a buying request for FREE on My Currency Store.

 

ESCROW Fee Calculator

 ₦/$ 
Escrow fee
 ₦ 
Total payment
 ₦ 

Ready to Buy? INITIATE AN ESCROW Now!

How to Sell Digital Currencies

Visit the Digital Currency Market to view and choose currency and preferred buyer.

Having chosen preferred buyer, do take your time to read the Seller's tips.

Having read the Seller's tips, you may go ahead to strike a deal with your preferred buyer (If you're not using an Escrow service please play along with smartness) but if you'll love to have a safer transaction with our ESCROW service do read about HOW IT WORKS.

 

ESCROW Fee Calculator

 ₦/$ 
Escrow fee
 ₦ 
Total payment
 ₦ 
Ready to Sell? INITIATE AN ESCROW Now!

How GMM Escrow Works

As most corporate E-Currency exchangers/sellers in Nigeria offers the currencies at prices which in some cases seem too high for individual traders to afford, hence the introduction of Gems Mobile Money Digital Currency Market to create an open floor for everyone to buy and sell at flexible prices without barriers.

Having introduced the Digital Currency Market, we understand the threat of transaction insecurity that might be posed by an uncontrolled market, this is why we deemed it necessary to include and introduce a less costly and easy-to-use ESCROW service to the market in order to protect various unsuspecting buyers and sellers from any form of scams and/or fraudulent dealings which may ensue from various transactions.

Therefore, GMM ESCROW reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.


Initiating ESCROW In FIVE (5) Simple Steps

  1. Buyer and Seller calls each other, reach Agreement on trasacting together and price amendment if necessary
    NOTE: CURRENCY DETAILS CANNOT BE EDITED ONCE ESCROW IS INITIATED
  2. The buyer funds his/her Gems Mobile Money Wallet with the currency worth in Nigerian Naira (₦)
  3. Gems Mobile Money notifies seller of pending transaction and assures seller to transfer currency to buyer
  4. Buyer affirms receipt of currency into wallet
  5. Gems Mobile Money credits seller's account immediately upon request

 

Ready to Buy? INITIATE AN ESCROW Now!

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