Rootel OverviewAbout Rootel
Rootel is a group of international experts operating privately for over a decade now, operating in different ways of exchange, including anonymous exchanges. This was redefined until the evolution of Cryptocurrency (Blockchain Technology) which brought the concepts of various digital currencies, alternative currencies and virtual currencies.
Rootel, began to operate a decentralized system in affiliation with special OTC experts, asset managers, solely functioning exclusively by providing the best escrow services for large multinational businesses, private companies and individuals in the Cryptocurrency industry. Rootel has been widely known for its decentralized autonomous operation worldwide. (DAO).
We have our dedicated team of motivated experts who understand not only the process but also the due diligence requirements. Our specialists will liaise with you or your representative from your first contact until successful conclusion of the escrow arrangement and service.
What is Escrow?Rootel Escrow
An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company. Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of Cryptocurrency being sold where the buyer might want confirmation of the Coins before making a full payment, and the seller doesn’t want to extend a massive amount of work without any assurance that he or she will receive payment. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, Rootel provides online escrow services at affordable rates. While the payment is 'In Escrow' the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.
How does Escrow Work?Rootel Escrow
Rootel reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied. Buyer and Seller agree to terms - Either the Buyer or Seller begins a transaction. After registering at Rootel, all parties agree to the terms of the transaction. Buyer pays Rootel - The Buyer submits a payment by approved payment method to our secure Escrow Account, Rootel verifies the payment, the Seller is notified that funds have been secured 'In Escrow'. Seller ships merchandise to Buyer - Upon payment verification, the Seller is authorised to send the merchandise and submit tracking information. Rootel verifies that the Buyer receives the merchandise. Buyer accepts merchandise - The Buyer has a set number of days to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise Rootel pays the Seller - Rootel releases funds to the Seller from the Escrow Account. Transaction is complete - safely and securely!
Knowing at every stepRootel Escrow
Every time you log into Rootel account, our status updates will let you know exactly where you are in the transaction process and if there is action required by you. Having access to this step-by-step timeline means, whether you're a buyer or a seller, you'll never get stuck wondering what to do next or where you are in the transaction. Escrow Accounts When you make a transaction using Rootel, your funds are held in secured, non interest bearing trust Rootel Accounts until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud or wrongly described goods.
BenefitsAdvantages of Using Rootel
As one of the leading providers of escrow services online, Rootel provides a host of advantages for people who choose to transact with it. Rootel ensures that all buyers and sellers are protected equally and their disputes dealt with the utmost concern. Rootel verifies the funds sent by the buyer and keeps them in safe custody for the seller. The seller transfers the cryptocurrency only after the buyer has made complete payment to Rootel, Rootel tracks your cryptocurrency to make sure that it is delivered in time according to the conditions mentioned in the agreement. The seller is not paid until the buyer confirm or the inspection period has expired. There is no scope for uncertainty or worries as the entire transaction is conducted under the supervision of Rootel honest and diligent professionals. With Rootel reliable brand shielding your transaction, you can rest assured that your funds are in safe hands, free from fraud. The sale is highly simplified as you, the buyer, just pay off your price and let Rootel handle everything else. Rootel sliding revenue scale ensures that large transactions don’t mean huge chargebacks and fees.
Rootel tracks the transaction and verifies it was delivered. The Seller isn't paid until the Buyer accepts transaction, or the inspection period expires.
Rootel confirms when the Buyer receives merchandise. The Seller is authorized to ship only after Rootel verifies good funds.
At Rootel, we know uncertainty doesn't feel good. You can rely on us to ensure your merchandise or payment is protected with every transaction. When your transaction happens behind the Rootel shield, you can be certain your funds will be safeguarded by our simple payment steps. It's our job to sweat the small stuff. We'll make sure your sale is safeguarded from fraud while you focus on your business.