Escrow Account

Escrow+ Account with X-Factor

Q: What is an Escrow account?

An Escrow account is a third-party, pass-through account between two parties where the funds are parked temporarily until the ultimate beneficiary completes all the agreed terms mentioned in the Escrow agreement. This provides security to both parties against any frauds & scams.

Q: What is the structure of an Escrow account?

Escrow is a tri-party account, where you are the primary account holder, SEBI-authorized trustee is the secondary account holder and your bank will be the third party. RazorpayX will act as a technology partner in this set up.

Q: What banks do you support?

All RazorpayX Escrow accounts are powered by RBL Bank & ICICI Bank

Q: What documents do I need to open an Escrow account?

To open an Escrow account, you need the following documents: <ul> <li>Escrow agreement</li> <li>Duly-filled application form</li> <li>KYC verification</li> <li>Company details</li> </ul>

Q: What is the role of an Escrow Trustee?

An Escrow Trustee or agent can be an individual or a firm, which is a neutral third-party designated to monitor and manage the movement of funds of the Escrow account, based on the terms agreed in the Escrow agreement.

Q: What Escrow account use cases are supported by RazorpayX?

RazorpayX supports Escrow for Digital Lending, Escrow for Gaming, Escrow for eCommerce, Escrow for Marketplaces & more. Have any other use case in mind? Request for a demo to discuss with our Escrow experts.

The trust of basic Escrow offered by banks supercharged with RazorpayX’s superior banking technology. Enjoy a world where seamless money transfers, worry-free compliance and reliable banking is a reality.

Best suited for digital business in Gaming, Digital Lending and Marketplace verticals.

All Escrow+ Accounts are Powered by

Compliance in safe hands

RBI-compliant

No time for downtime

99.99% up-time assured

Banking for biggies

Save time & money with API Banking

Speedy Go-Live with Solutions Pre-approved by RazorpayX's Partner Banks & Trustee

Our scalable systems make sure we get you up & running at lightning-fast speed

Gaming Escrow

A more transparent & compliant solution. Pay GST which is rightfully due & save millions. Save yourself the horror of receiving compliance notices and work with an Escrow Trustee.

Real Money Games

Mid-core / Hard-core

Online Fantasy Sports (OFS)

Digital Lending Escrow

Stay compliant with the latest digital lending guidelines. Pool money into a single tri-party Escrow+ account for disbursals & receive it in a separate Escrow+ account for collections.

Co-lending

BNLP

P2P Lending

Personal Loans

Gold Loans

Line of Credit

Marketplaces Escrow

Collect bill payments, rent amount, etc. from your customers for further settlements into their beneficiaries' accounts. Ensure hassle-free compliance with an Escrow trustee.

Online Marketplace

B2C E-commerce

B2B E-commerce

Want to know if Escrow+ is the right solution for your business?

Inefficient Banking Can Have Ripple Effects Across Your Business

Bad customer experience

..due to delayed / stuck payouts

GST / compliance notices

...because you didn't know any better

Unreliable support

...that you can’t count on in case of emergencies

Lengthy integration cycles

...thanks to poorly-written API docs

From Banking Woes to Banking Bros

Run your business efficiently anytime, anywhere. Automate collections and disbursals from your Escrow account with RazorpayX’s superior technology which works flawlessly and reliably at scale.