Risks And Benefits of Using Escrow Services In international Trade

1. Risks And Benefits of Using Escrow Services In international Trade axioscreditbank.blogspot.com/2018/07/risks-and-benefits-of-using-escrow_31.html International trade is all about the trust. You cannot do business without having trust that the buyer or the seller of the product is going to follow the trade ethics. It is here that Escrow Services come to use. This service diminishes the gap of trust present between the two parties, the exporter, and the importer. This is one of the reasons why Escrow Services in Malaysia is so much in demand. Axios Credit Bank understands this and that is why here some of the important points have been discussed about the role of Escrow services in International Trade. Scroll down and you will get a fair idea about both the pros and cons of Escrow Services. Advantages of Escrow Services As you already know, the demand for Escrow services has taken a quantum jump with the increase in international trade. Today, more and more companies involved in international trade opt for Escrow Services. Definitely, this points out that the benefits of this service can outweigh its shortcomings. However, Axios Credit Bank understands the importance of putting both the things simultaneously. This will help you in making a prudent decision. Hereby, some of the pros of Escrow Services have been discussed and these are: Transparency 1/3

2. The working process of escrow services in international trade is quite transparent. Both the exporter and the importer of the products can see how the payment transactions are getting executed. This makes the whole process crystal clear. Low Transaction Fees The trade transaction fee of Escrow services is quite low. In fact, it is nearly negligible if compared with other services. This is one of the major reasons why the popularity is enhancing for the escrow services in Malaysia. Secure This is a safe and secure way of managing the money transactions in an international trade. The export payment mechanism becomes easier and smoother with Escrow services. Both the parties do not need to bother about their money. It is safe with Escrow and the payment to the main party is disbursed only when the shipment is dispatched by the other party. User-Friendly This is one of the most user-friendly services in trade transactions. Here, all the work is done after considering the problems of both the exporter and the importer. Drawbacks of Escrow Services Issue of Trust The trust of both the parties, need to be strong on the third party service, which is handling the monetary transaction. This means that the level of trust which traders have on banks, that level of trust they do not have Escrow service. Undoubtedly, the service is simpler and speedy but the faith that this service will not lead to any other future or tax- related problems dread many to select it. New to Many Users Even after so many years, Escrow services in Malaysia seem to be new to many. One of the reasons behind this is that most of the traders still feel safe in the hands of banks as they haven’t used this type of trade money transaction service. How Axios Credit Bank helps you? 2/3

3. How Axios Credit Bank helps you? Axios Credit bank is an International bank that offers you the best customer services. It knows you challenges in doing international trade. Whether you are an exporter or an importer, we know how much it is difficult to manage Escrow services. That is why we provide you bank guarantee or letter of credit, which is credible. You can trust us, as we have a proven track record. As a financial institution, we know how we can offer you best service. You just need to get in touch with our team and you will receive the most appropriate guidance which will work as a lubricant in speeding your monetary transactions in international trade. 3/3