Help Desk

Frequently Asked Questions

What is Quality Control Escrow (QCE)?

Quality Control Escrow (QCE) is a neutral third-party that holds funds or assets on behalf of two or more parties during a transaction, until certain conditions are met. The QCE gives buyer’s leverage and protection to consumers, and performance feedback to business owners, ensuring quality control for both parties.

Why use an Escrow service?

QCEscrow services provide a secure and neutral way to protect the interests of all parties involved in a transaction. It helps to ensure that funds or assets are held safely until all conditions are met, reducing the risk of fraud.

What types of transactions can use quality control escrow services?

Escrow services can be used for a wide range of transactions, including real estate purchases, online purchases, business acquisitions, intellectual property transfers, and more.

How much does quality control escrow service cost?

The cost of escrow services can vary depending on the transaction and the industry. Fees may be based on a percentage of the transaction amount or a flat fee.

What are the responsibilities of quality control escrow?

The responsibilities of the QCE service typically include receiving and holding funds or assets, verifying and enforcing transaction requirements, communicating with the parties involved, and releasing funds or assets according to the agreed-upon terms.

How does quality control escrow work?

QCEscrow works by the parties involved in a transaction, such as a buyer, seller, and/or lender, depositing funds or assets with the qcescrow service. The qcescrow service then verifies that all conditions and requirements outlined in the transaction agreement are met before releasing the funds or assets to the designated recipient.

What are the responsibilities of QCE?

The responsibilities of QCE can vary depending on the industry and project, but they typically include reviewing plans and specifications, inspecting materials and equipment, monitoring construction progress, service delivering and conducting quality control testing.

How does payment distribution work with an escrow service?

Payment distribution with an escrow service typically follows a predetermined timeline or set of conditions outlined in the transaction agreement. Once all conditions are met, the escrow service will release the funds or assets to the designated recipient(s). The specific process may vary depending on the industry and the service provider and the transaction details.

How does the QCE ensures the service provide?

We have different alliances where we are referred to the best in each industry, on the other hand we are experts in following protocols and before entering an industry we study the process and make sure we can maintain control of it, not to mention that at all times your money is protected and we are governed under the phrase that the customer is always right.

What types of projects does the QCE typically apply to?

Escrow services are traditionally utilized in real estate transactions. However, we work with all high risk industries, including transportation, moving, freelancers, development, engineering, technology projects and especially services where the customer has to pay for services upfront.

How does the QCE work with the service providers?

We are excellent at following protocols and processes that the different sectors share with us, we are only the arbiter that everything is carried out as agreed with the company.

How does the QCE make their money?

We charge our customers a service fee of 3.5% of their total payment to cover our processing costs. Any additional payments come from the service providers and contractors that use our service to conduct business. A sliding percentage of total processed transactions, based on the service providers size and rating, is also paid from the service provider once the service is complete.

How does the payback program work?

The payback program is something that we recently implemented in the moving industry. Its designed to reward carriers for their exceptional on-site job performance, as evaluated by the US Moving Protection Organization (USMPO).