What is Payoneer Escrow and how does it work?
Payoneer Escrow is a secure payment system that acts as a middleman between two parties involved in a transaction. It holds the funds from the buyer until the terms of the transaction are met, and then releases the funds to the seller. This system is designed to protect both parties from fraud. The buyer can be confident that they will receive the goods or services they paid for, and the seller can be sure that they will receive payment once they have fulfilled their part of the deal. Payoneer Escrow is particularly useful for international transactions, where trust might be an issue due to distance and differing legal systems.