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Funded vs Unverified

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Active Member
Graham J Member Since: May 17, 2017
1 of 2

Can someone please explain how a project can be funded to escrow but also have an unverified payment method? Surely if the job is funded to escrow the payment has been successful?

 

Am I misunderstanding the escrow system?

 

Thanks Graham.

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Community Guru
Petra R Member Since: Aug 3, 2011
2 of 2

@Graham J wrote:

Can someone please explain how a project can be funded to escrow but also have an unverified payment method? Surely if the job is funded to escrow the payment has been successful?

 

Am I misunderstanding the escrow system?


 Clients can FUND a contract while undergoing verification.

But the funds can not be RELEASED from Escrow until verification is completed.

 

Funding only means they have access to "a credit card"

Verification means it is most likely THEIR credit card as they have access to the card's statements.

 

 

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