Escrow

Pitney Bowes, recognized worldwide for its leadership in both the postal payment and credit industries, is CocoCommerce's collaborative partner in escrow. The use of a trusted third-party financial intermediary to hold a buyer's funds in escrow, pending delivery of goods, provides a time-tested solution to online transaction settlement.

Pitney Escrow can allow collection of all funds, from buyers or sellers prior to closing a transaction. The entire payment process stays online on CocoCommerce eliminating the problems associated with collections. At the same time, the higher assurance level provided by the escrow service encourages members to use the e-marketplace on a regular basis.