Start Transaction on EscrowLock - Physical Products

To quickly start a transaction, the buyer or payer should use the form below to supply the necessary information about the product(s) and the parties involved.

"*" indicates required fields

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Date

Buyer's Information

Buyer's name

First name Surname

Buyer's email address

Buyer's phone number

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Buyer's Phone notif

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Bank Name

We are asking for this information In case there's need to make refunds should the seller not meet the terms of the transaction. Your banking information is kept confidential.

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Bank Account Number

Enter the account number.
Note: This account must match with the name of buyer input above.

Seller's Information

Seller's Name

First name Last name

This should be the same name on the bank account mentioned below.

Seller's email address

Seller's phone number

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Seller's Phone notif

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Name of Bank

Name of bank where seller's payment will be released into by EscrowLock if transaction is successful.

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Bank Account Number.

Seller's bank account number.
Note: This account must match with the name of seller input above.

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Full Name on Bank Account of Seller

Name on bank account of Seller. This should be similar with the Name stated originally in the transaction form.

Product Information

Let us know about the product you wish to transact on EscrowLock.

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Nature of Product.

Please select one option from the drop-down menu based on whether or not the product needs some form or transportation to get to the buyer.

Title of product(s) to be bought

Total Transaction Cost (numbers only)

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Currency

Select the currency symbol for this transaction.

Total duration of transaction (in days). Enter numbers only.

Please enter a number greater than or equal to 1.

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Estimated Date of Delivery

Based on the total number of days indicated above, please select an expected date that the product will reach the buyer.

Details of product(s)

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Number of days for inspection, if applicable. Numbers only.

Please enter a number greater than or equal to 1.

This is the number of days within which the buyer must inspect the product delivered and open a dispute if need be. This time must be added up to the "Total duration of transaction" below.

Cancellation, Refund and Replacement Policy

We'd use the responses to the questions below in combination with EscrowLock's standard policies to administer this transaction.

Refund/Replacement Policy

What happens if the product received by the buyer is defective or does not match up to the advertised offer?
Select from the drop-down list or choose "Custom answer" to input own response.

Custom response to Refund/Replacement Policy

Please type in your custom answer.

Cancellation Policy

What happens in a situation where the buyer decides to cancel the transaction after seller has started processing the order?
Select from the drop-down list or choose "Custom answer" to input own response.

EscrowLock Fees

Below is the applicable fees for this transaction.

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3.25 Percent EscrowLock Service Charge Calculation A

3.25 Percent EscrowLock Service Charge Calculation for < 2,000,001

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3.25 Percent EscrowLock Service Charge Calculation

3.25 Percent EscrowLock Service Charge Calculation. Show if A above is greater than N499 but Total Transaction charge is <2,000,001

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N2m-N10m EscrowLock Service Charge Calculation

N65,000 + 0.75 Percent of amount over N2m-N10,000,001

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Zero Multiplier for N2m-N10m

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Above N10m EscrowLock Service Charge Calculation

1.25 Percent EscrowLock Service Charge Calculation for 10,000,000 and above

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Zero Multiplier for above N10m false

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EscrowLock service charge (if less than N500)

Charge for Additional Days

If the duration of transaction exceeds 21 days, extra charge of N75 for each additional day applies.

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Zero Multiplier charge for additional days false

EscrowLock Service Charge

Amount to be deposited to EscrowLock

This is the amount that the buyer/payee will deposit into the special EscrowLock account that will be provided. It is simply a sum of the Total Transaction Cost and the EscrowLock Service Charge.

Amount to be released to Seller

Estimated amount to be released by EscrowLock to the seller if transaction is successful. This is after deduction of EscrowLock service charge.

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Seller/Payee Banking Information

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Correction to EscrowLock Agreement

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Correction(s) needed.

Use this field to state any needed corrections to the user who initiated this transaction on EscrowLock. Feel free to mention specific things that need to be adjusted. When you are done, you can click on the "Revert" button so that the form can return back to the user.

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Payment Information

Kindly input some information about the payment you have made to our account.

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Name of depositor

First Last

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Date of payment

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Amount paid

Amount Depositor paid into EscrowLock account.

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Payment reference number (if any)

If any, please type in the reference number that you received in your debit alert after making this payment.

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EscrowLock Transactoin ID

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ID of New Entry

A section in the New Entry workflow step of Transaction Form 1 prompts to store ID of New Entry and requests for a field. So I am just creating this and hope I figure out later what it means. I think this section stores ID of new entry that gets created after EscrowLock confirms payment from buyer.

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ID of This Form Entry

ID of this form Entry. Will figure out how to use it (related to Delete Entry Workflow step)

CAPTCHA

Before you submit this transaction form, kindly solve the Captcha challenge to prove that you are human.

This field is for validation purposes and should be left unchanged.

Start Transaction on EscrowLock - Physical Products

To quickly start a transaction, the buyer or payer should use the form below to supply the necessary information about the product(s) and the parties involved.

Buyer's Information

Seller's Information

Product Information

Cancellation, Refund and Replacement Policy

EscrowLock Fees

Seller/Payee Banking Information

Correction to EscrowLock Agreement

Payment Information

EscrowLock Transactoin ID

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