Escrow Service India
Hold money safely until both buyer and seller are satisfied. No advance payments. No fraud. Just protected transactions.
What is an escrow service?
An escrow service is a neutral third party that holds money on behalf of two people in a transaction. Neither party can access the funds until both agree the deal is complete.
Think of it like a trusted intermediary. The buyer pays via a regulated payment partner. The seller delivers the goods or service. Once the buyer confirms delivery, funds are released to the seller. If something goes wrong, funds remain held by the payment partner until the dispute is resolved.
Simple definition:
Escrow = a secure holding account for transaction money, managed by a neutral third party, released only when the agreed conditions are met.
Why India needs an escrow service
Online fraud in India is growing. People lose money every day to fake sellers, failed deliveries, and non-payment disputes. The most common problems:
- Sellers demand advance payment but never deliver
- Buyers receive the wrong or damaged product and cannot get a refund
- Freelancers complete work but clients refuse to pay
- Property advance payments are not returned when deals fall through
- B2B milestone payments are withheld after work is done
An escrow service eliminates all of these problems. The money is held securely. Neither party can disappear with it. Both sides are protected.
How GuardPe's escrow service works
GuardPe makes escrow simple. Here's the process step by step:
- 1
Create a deal
The seller creates a deal on GuardPe, describes the work or product, sets the amount, and shares a payment link with the buyer.
- 2
Buyer funds escrow
The buyer pays using UPI, cards, or net banking. The money is held safely by Cashfree — it does not go to the seller yet.
- 3
Work is delivered
The seller completes the work and submits proof of delivery. Both parties can see the progress in real time.
- 4
Buyer approves and seller gets paid
Once the buyer is satisfied, they approve the delivery. The money transfers to the seller's bank account within minutes.
Who uses escrow in India?
GuardPe works for any transaction where trust is missing between two parties:
Freelancers & clients
Designers, developers, writers, and consultants use GuardPe to secure payment before starting work — released on delivery approval.
Buyers & sellers
High-value purchases — electronics, vehicles, rare items — where both sides need protection.
Property deals
Secure deposits and advance payments on real estate transactions before paperwork is finalised.
B2B contracts
Milestone payments for long-term projects — pay as each deliverable is completed and approved.
Why GuardPe is trusted
Regulated payment partner
Payments processed by Cashfree Payments, an RBI-licensed aggregator. GuardPe does not hold funds.
AES-256 encryption
Bank account details and sensitive data are encrypted at rest. We never store card numbers.
Fair dispute resolution
GuardPe's team reviews evidence from both parties and resolves disputes within 72 hours.
Frequently asked questions about escrow in India
What is an escrow service?
An escrow service is a neutral third party that holds money on behalf of two parties in a transaction. The money is only released when both parties agree that the conditions of the deal have been met.
Is escrow legal in India?
Yes. GuardPe is an intermediary transaction platform registered in India. Payments are processed by Cashfree Payments India Pvt. Ltd., an RBI-licensed payment aggregator, via a regulated nodal account. GuardPe does not hold funds directly.
How long does money stay in escrow?
Money stays in escrow until the buyer approves delivery. If the buyer does not respond within 7 days, funds are automatically released to the seller.
What if there is a dispute?
Either party can raise a dispute. GuardPe's team reviews the evidence submitted by both sides and issues a fair resolution — either a full release, partial refund, or full refund.
How much does the escrow service cost?
GuardPe charges a small protection fee: 5% for amounts under ₹10,000; 3% for ₹10,000–₹50,000; 2% for amounts above ₹50,000. Minimum ₹99 plus 18% GST.
Who can use GuardPe's escrow service?
Anyone in India can use GuardPe — freelancers, businesses, buyers, and sellers. It works for services, products, property deposits, and any transaction where both parties need protection.