|
RetailExchange.com to provide online escrow services through Pitney Bowes |
| RetailExchange.com,
an online business-to-business exchange for excess consumer products,
and Pitney Bowes
(NYSE:PBI) has announced a partnership under which Pitney Bowes Capital
Services will provide escrow services to RetailExchange.com's online
marketplace. The integrated online escrow service is expected to benefit
exchange members by increasing seller confidence and providing a secure
way for buyers to coordinate payment for goods.
Pitney Bowes' online escrow service accepts funds from buyers in a variety of ways, including wire/ACH transfer, check, money order or credit card. Payments are released to sellers after all agreed-upon conditions have been satisfied. The escrow service supports RetailExchange.com's existing negotiation format, allowing members to negotiate the length of the inspection period, conditions to be met before payment, the funds release schedule, and many other attributes. Source:RetailExchange.com 02/13/01 All the News | Strategy | Marketing | Technology | Profiles | Industry |
Updated: 17 Feb 2006 .
