How to get an Escrow Services Website and Mobile App in Nigeria


Hello everyone, Today we’ll be talking about the exciting business of Escrow services in Nigeria (Web & Mobile Apps) and how you can get yours up and running today.

First how does Escrow services work? A very simple answer will be a ‘3rd party’ or ‘Middle man’ who helps to ensure that a transaction between 2 people (or more) goes according to plan. Also an Escrow service helps to drastically reduce the possibility of fraud by any of the parties involved in the said transaction.

Escrow services are gradually getting the much deserved recognition and acceptance in Nigeria, as they have helped to increase the confidence people have in doing business online with people they don’t know or have never met.

One of the biggest boost of the Escrow business (Online) in Nigeria is primarily due to the sudden rise in the patronage of E-commerce stores in Nigeria. As many new online stores pop-up here and there, they often struggle to convince potential customers of their trustworthiness. This is due to the presence of criminal elements online who’re engaged in various forms of cyber-crime. Which means that the best option these online stores have is, to encourage these skeptical customers to use an Escrow service to ensure that they only receive their payments when the customer has received his/her order and is satisfied with its condition. This ensures protection for both buyer and seller. (Call or Whatsapp +234 808 970 0958)

Features your Escrow Service Website and Mobile Must have

  1. BVN Verification Api: This is very important as you’ll need to always apply various KYC (Know your customer) protocols across your website/mobile App. You’ll need to authenticate that the BVN they provide while trying to use your platform is genuine. Failure to do this could lead to serious legal issues in the event that things go wrong during the transaction. Due to the sensitive nature of this business and the guidelines that must be adhered to. It is not wise to hand over this project to just any Web Developer who is trying to lure you with cheaper pricing. As He/she could end up making very expensive mistakes that could ruin your business. (Call or Whatsapp +234 808 970 0958)
  2. ID Verification: You’ll also need to design the platform in a manner that ensures that you can verify the true identity of all your users. ID’s such as Drivers license, International Passport, Voters Card, or National Identity Card etc can be verified seamlessly by your portal. This will help you to be in compliance with some of the regulations that guide this sub-sector of the financial landscape.
  3. SECURITY: We can not over emphasize on the need to have a robust Security architecture on a platform like this. As your platform will be handling a large amount of sensitive data, which if hacked into, could spell doom for all parties involved. So the security framework must be of extremely good quality.

There’re a number of other ideas and features that must also be integrated in your Escrow services website and Mobile App in Nigeria, for it to work seamlessly. But we’ll stop here for now so as to keep this post short but educative

How To Get yours Today
We @ New Connect are very experienced Web & Mobile App developers, We also have experts in Business Consultancy, Branding and Digital Marketing. We’ll help you with the planning, design & development, down to the successful launch of your Escrow services Project.
So why wait any further, when all you need do is contact us today? Call or Whatsapp +234 808 970 0958

Post created by NEW CONNECT. An innovative ICT company, we offer services ranging from Web Design/Development, Mobile Apps Development, Research and Business Consultancy,Digital Marketing, Branding and Multi Media Services etc.