BazarA2z Wholesale Rate Indian Products
Infobanc B2B Portal for Indian Manufacturers and Exporters
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HELP
   
Overview
  • What is BazarA2z ?
• How Does it Help Me ?
• Is it Free ?
• Buyer Seller Contact
• Summary
For Buyers
  • How to Join
• How it Works
• How to Pay
• How to Track Order
• Buyer Protection
For Merchants
  • How to Join
• Why Should I Join ?
• How It Works
• Creating On-Line Store
• Selling in India
• Seller Protection
Payment
  • Escrow Service
• Payment Options
• Credit Card / PayPal
• Online Cheque Transfer
• Offline Bank Payment
• Payment Confirmation
Shipment
  • Delivery Options
• Shipment Cost
• Import Tariff
• Shipment Tracking
• Receive/Approve
Dispute
  • Dispute Process
• Role of BazarA2z
User Agreement
Terms of Use
   
 
 
Escrow Service



How BazarA2z works
 
 
Select a product, decide quantity - BazarA2z automatically calculates total price based on order quantity (larger the quantity, lesser is the rate) and shipping cost to your door-step. Add selected products to Cart and place Order.
 
 
 
What Is Escrow ?

  • Escrow service reduces potential risk of fraud in a buy-sell transaction by acting as payment guarantor
  • Provided by a third party (other than buyer and seller) who is trusted by both buyer and seller, escrow collects, holds and disburses funds according to terms and conditions mutually agreed by buyer and seller
Why Use Escrow ?

  • Escrow is a low-cost solution for lower value transactions where buyer and seller are unknown to each other, possibly transacting for the first time.
  • Letter of Credit is also a safe option, but its too expensive for low-value transaction
  • Buyer and seller do not need escrow if they know and trust each other sufficiently well
How Does it Work in BazarA2z ?

  • Buyer orders a product and pays to BazarA2z
  • The money remains with BazarA2z during order processing and shipment
  • BazarA2z does not claim to be an Escrow agent. It simly holds a payment for few days during order processing. The money so held, either goes to seller (on successful sale) or gets refunded to buyer. At no point of time, BazarA2z charges any kind of fee for this escrow-like service.
  • Seller receives order and confirms his/her acceptance
  • In case seller refuses to confirm - order gets cancelled and Buyer receives full refund from BazarA2z. Transaction charges, if any, is absorbed by BazarA2z.
  • Seller confirms and ships ordered products through a well-known shipping company (e.g. EMS, Fedex etc.).
  • Seller informs tracking number of the package so that buyer can track it online
  • Buyer receives ordered product and approves it
  • BazarA2z pays to seller
  • In case buyer does not approve the product, he/she returns it to seller and gets full refund
Why Escrow is a Safe Option for Both Buyer and Seller

  • Escrow offers safety to both buyer and seller
  • Buyer is safe as he/she gets to inspect and approve ordered products before payment
  • Seller is safe as buyer has already made 100% advance. There is no delay - seller receives payment as soon as buyer approves ordered products