On-demand Digital Escrow for B2B/B2P Payments
Reliable & Safe Transaction Payments for Businesses
Why Choose Vanigo
Seamless & Secure Escrow Payments
Vanigo helps you take your mind off business payments!
Covers both Goods & Services-based transactions.
eKYC & Verified Businesses
Easy onboarding. Only transact with verified users on the network.
Regulated & Secure Payment
Funds secured in RBI-licensed banking account satisfying all regulatory & compliance standards.
Buyer and Seller Protection
Protects Buyers and Sellers by securely holding the funds and releasing only on meeting payment terms.
Regulated. Reliable. Safe.
Banking partner
Trustee partner
How Vanigo Digital Escrow works (B2B/B2P)
Vanigo provides a simple, secure and straight-forward escrow transaction process for both the buyer (or payer) and the seller (or payee)
1. eKYC
Register & complete simple eKYC process
2. Create contract
Include payment terms, conditions & milestones
3. Pay to Escrow
After contract agreement, transfer funds to escrow
4. Payment released
On delivery confirmation, payment is released
Key Service Features
Transforming online escrow payments for B2B/B2P
Escrow charges can be paid by either party or shared between transacting parties. No sign-up or upfront fee. No hidden fees.
The Vanigo Advantage!
Vanigo
Direct Transfer
Letter of Credit
Frequently Asked Questions
Any business, be it a startup or a public company can use the service.
A resounding Yes! Vanigo’s escrow account is maintained with leading RBI licensed banks. The transactions are also routinely monitored by a certified trusteeship. Further, all associated compliances are maintained for all the transactions carried out through our platform.
*Buyer and Seller bank account details are required for executing the contract
The charges depend on the transaction. Charges can be paid by either of the transacting parties or can also be shared between them. A standard charge is levied on cancelled transactions only if payments have been made into the escrow account. Our charges are some of the lowest for escrow services. There are no hidden charges.
All RBI and NPCI authorised payments are supported,
Credit and Debit card payments to escrow are currently not supported due to high handling costs.
No, as per RBI regulations, digital escrow can only be provided for transactions carried out in Indian Rupee (INR).
The KYC process involves verification of the business's GSTN and other basic details. The KYC verification, after signup, will take about 30min to be verified from our side. Banking details are to be verfied for initiating contract or payments (including refunds).
Users’ KYC is required to make sure that we maintain a network of verified buyers and sellers (of both Goods & Services), making sure that no rogue actors take advantage of the service or cause security concerns.
For ‘pay-ins’, i.e. money paid into the escrow, the buyer (or payer) will get notification within few minutes of a successful payment. For ‘pay-outs’, i.e. money paid out to the beneficiary (or payee), the process will be completed within 60 mins after the buyer (or payer) verifies the delivery and satisfaction of the payment conditions (if included in transaction contract). All notifications will be updated in the User dashboard.
No. Escrow accounts cannot attract any interest, as per RBI regulations.
Interested in Marketplace Integration?
Get in touch: [email protected]
Service help: [email protected]
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