FAQ

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
to disbursement.

Requirements:

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.
What happens if there is a dispute between the parties?

Under a dispute, the Paymaster will not release the funds until all parties have signed off on the release of funds; or, a mutual arbitrator makes a final decision.

Paymaster shall have the right, but not the obligation, either to (a) withhold delivery of the Cash Deposit until the controversy is resolved, the conflicting demands are withdrawn or its doubt is resolved or (b) institute a petition for interpleader in any court of competent jurisdiction to determine the rights of the parties hereto. In the event Paymaster is a party to any dispute, Paymaster shall have the additional right to refer such controversy to binding arbitration.

All arbitration decisions are final.














Make sure you have read ALL your contracts and disclosures carefully.

The Paymaster is not responsible for contract errors, omissions or legal disputes between the parties.











Asset Transfer - The Reliable & Trustworthy Escrow Paymaster that you can Trust for ALL your Millions of Dollars Commodities or Startup Proof of Funds Transactions!