Paymaster

Paymaster acts as a neutral third party, in any transaction between two individuals, entities or businesses, whereby the Paymaster receives funds from a buyer into an escrow account, maintains the account, then disburses those funds to the relevant parties, as per the transaction details. After deduction of a commission as payment for his services, the paymaster reconciles the Paymaster account. Placing the funds in escrow with a neutral and trusted party reduces the risk to all parties to the transaction.

The Paymaster is not party to the transaction itself, but is a central part of its functioning, acting as an intermediary for all parties. The Paymaster is not allowed to disclose the identities of the parties to the transaction.

There are multiple reasons why a Paymaster account is appropriate, for example commodity deals, deals where parties are unknown to each other or share purchase and sale transactions. There is no specific time limit on transactions, and Paymaster services can be used as a one-off, or on a regular basis between parties.

We Paymaster services to private individuals, companies and corporations globally. We are a trusted, neutral, third party that collects deposits around international business transactions, holds funds in the Paymaster account and then distribute those funds to the relevant parties at the appropriate time.