How it works?
The buyer sets aside a specific amount of money into an escrow account on GetACoder, for a specific coder. Both users can then view the payment in the escrow account, but only the buyer can complete the payment, from the escrow account to the coder. The coder is the only person (other than GetACoder staff) who can cancel this escrow payment. This gives each party half of the control over the money in the escrow account.

If the project gets completed, the buyer can transfer the money from the escrow account to the coder. If the project is cancelled amicably, the coder can cancel the escrow payment and the money will return to the webmaster's account. If there are any disputes over a project, GetACoder staff must be contacted before any money can be moved from the escrow account.

Benefits of the escrow account:

• Buyers protect their investment. The funds are released when the project is completed.
• Coders can be sure software buyers will make payment. The money is on GetACoder ready to be transferred.
• GetACoder encourages its users to take advantage of the escrow system, because it’s a great way to protect buyers and coders and to make sure each party gets what they want from the project.

Take advantage of the security and ease of our escrow payment system on your next project. Contact us if you have any questions about Escrow Payments.