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Posted by on Sep 16, 2015 in Tips and Tutorial, Uncategorized |

How to transfer fund on Escrow Account?

How to transfer fund on Escrow Account?

The common problem Employers face in the advance stage of posting and processing a project is ESCROW. ESCROW is financial instrument held by a third party(Belancer) on behalf of the other two parties(Employer & Freelancer) in a transaction. The funds are held by the escrow service until it receives the appropriate written or oral instructions or until obligations have been fulfilled.

Escrow is the Payment and Service assurance policy of Belancer. When you have selected a Winner you need to Transfer the 1st Escrow into the Freelancer’s Escrow Fund. It’s easy to transfer fund on escrow account from your Belancer Wallet.

There are some steps to transfer your fund on escrow under a project. Basically, when you want to pay your freelancer for a project than you have to transfer fund on escrow from your wallet.

Steps are given below:

  • At first make sure that you are login in your Employer Account.
  • Check whether you have enough Fund added in your Belancer Wallet or not.
  • Click on Transfer to Escrow from your Belancer Dashboard.

(Please see the below picture for details)

transfer to escrow

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Click on “Project” and select your project (for which you want to fund escrow) from the drop down list.
  • Input escrow amount (Only numeric) in the “Amount” box.
  • Make sure that you have sufficient balance to your Belancer Wallet.
  • In the bottom of the tab click on “Transfer to Escrow Account” button to complete the procedure.

 

(Please see the below picture for details)

transfer fund on escrow account

Hope you will be benefited by the post and will be able to transfer Escrow smoothly.

Happy Belancing!!

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