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Escrow Payment
Project Escrow
After selecting a provider, the Buyer is required to make an escrow payment for the project, this protects both the buyer and the provider. Buyer's funds are held securely in the escrow account until the services are provided satisfactorily and the provider is assured that the buyer has provided project funding into the escrow account and can start working on a project. How it works
LimeExchange supports the following modes of payment for project escrow
Payment Timelines
You need to escrow the total amount of the project with the exchange within 15 days after project bidding end date. Once the escrow is received by the exchange, the service provider will be notified to start work on the project. In case we do not receive the escrow amount within the stipulated time frame the project would be automatically marked as cancelled. However, if we receive the escrow amount after the stipulated time frame our customer support will contact you within 5 working days to issue a refund to you after deducting the transaction charges we might incur. |
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