What is the role of an Escrow Agent/Paymaster?
The Paymaster is a neutral third party who receives proof of funds from any transaction between two or more separate parties or businesses.
The Paymaster maintains the account and will then disburse those funds based strictly on the contractual agreement authorized between the parties.
In return for our services, the Paymaster will receives a payment for their services. The fee
is paid directly to us out of the proceeds prior
A copy of valid drivers license and/or passport.
If requested by the Paymaster, Parties shall provide Paymaster with its taxpayer identification number documented by an appropriate Form W-8 or Form W-9.
Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding
Failure to provide such forms may prevent
or delay disbursements and may also result
in the assessment of a penalty and Paymaster being required to withhold tax on any interest or other income earned on the Cash Deposit. Any payments of income shall be subject to applicable withholding regulations then in force in the United States or any other jurisdiction, as applicable.
Copy of all transactional documents, including payment agreement
Note: Payments and disbursements can only be made via Federal wire transfers - SWIFTs.