FAQ

FAQs

Frequently Asked Questions

Escrow is a financial arrangement where a trusted third party holds funds or assets on behalf of two parties involved in a transaction. The funds are released only when certain conditions are met.

Volta Escrow protects both parties by ensuring that funds are only released when all terms of the transaction have been met satisfactorily. This reduces the risk of fraud and ensures fair dealings.

Usually, the cost of our services is split between the buyer and seller, or it may be agreed upon as part of the transaction terms. This can vary depending on the agreement between the parties involved.

Volta Escrow is commonly used for real estate transactions, large-scale purchases like vehicles or machinery, online transactions and various business transactions.

The duration of an escrow process varies depending on the complexity of the transaction and how quickly the conditions of the agreement are met. It can range from a few days to several weeks.

If a dispute arises, the escrow company may facilitate mediation or arbitration to resolve the issue. Both parties can present their case, and a decision will be made based on the terms of the escrow agreement.

While escrow is commonly used for high-value transactions, it can also be used for smaller transactions where security and trust are paramount. The use of escrow depends on the agreement between the parties involved.