ESKRO provides a secure escrow service that facilitates safe and transparent transactions between buyers and sellers, protecting against fraud and ensuring timely payments. The platform streamlines the transaction process, allowing users to easily manage their sales while sharing handling fees, thus minimizing costs and risks associated with online and offline commerce.
Funding
$200K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Online and offline transactions carry the risk of fraud, disputes, and non-payment, creating uncertainty and potential financial losses for both buyers and sellers. Traditional e-commerce platforms often impose high handling fees, reducing profit margins, while direct transactions lack a secure intermediary to ensure fair and timely execution.
Solution
ESKRO is a personal-commerce platform that facilitates secure transactions between buyers and sellers, mitigating fraud risks and ensuring transparent handling of funds. Functioning as a trusted third party, ESKRO holds payments until both parties fulfill their obligations, providing assurance and accountability throughout the transaction lifecycle. The platform streamlines the sales process, allowing users to easily manage transactions with the option to share handling fees with the buyer, reducing overall costs.
Target Audience
ESKRO primarily targets individuals and businesses involved in online and offline transactions, including freelancers, professionals, and those buying or selling vehicles, electronics, domains, properties, and other services.
Features
- Secure escrow service that holds funds until both buyer and seller fulfill their obligations.
- Option to split handling fees (50/50) between buyer and seller.
- Streamlined transaction management interface for easy sales processing.
- Personal-commerce approach that combines the ease of e-commerce with personalized transactions.