When you really need a team who will ensure the protection and disbursement of your funds, then you have come to the right place.
We'll go the extra mile while holding the Proof of Funds for your projects.
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:
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.
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Note: Payments and disbursements can only be made via Federal wire transfers – SWIFTs.
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either to (a) withhold delivery of the Cash Deposit until the controversy is resolved, the conflicting demands are withdrawn or its doubt is resolved or (b) institute a petition for interpleader in any court of competent jurisdiction to determine the rights of the parties hereto.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.
