How EPS Global Client Account and Transaction Management works
1. Buyer and Seller register with EPS Global.
2. Either buyer or seller contacts EPS Global to setup the transaction into the EPS Global system.
3. Buyer and Seller setup a Client Account with EPS Global (EPS Global is able to customize the system to meet the needs of any transaction.)
4. Buyer and seller negotiate until both agree to the terms and conditions.
5. Buyer deposits the necessary funds into the EPS Global Client Account and commits the amount necessary for the transaction. Deposits are made by bank wire, electronic funds transfer or Ledger Transfer at JP Morgan Chase Bank.
6. Seller sees the funds in the Buyers Client account and that the Buyer is ready to transact. Seller knows the payment is secure.
7. Buyer releases the funds to the seller based on the Escrow and Closing agreement.
8. Seller withdraws his funds from or funds are transferred to the account as per the agreement and the information received by the EPS Global account team. Funds are disbursed either by wire, electronic funds transfer (inside the USA), international wire transfer (outside the USA).
By Using EPS Global proprietary Transaction system BOTH buyer and seller have been fully protected during the transaction.
If a disagreement arises, the EPS Global system includes complete dispute resolution services.
More about How EPS Global Works
EPS Global is easy and intuitive to use, inexpensive to buyer and sellers. Clients can be either buyers or sellers and either can start the transaction.
The transaction is originated by either being entered into a new contract or by having EPS Global help with a prototype transaction. The prototypes are time savers for repetitive and similar transactions. The transaction form provides a detailed description of the offer. When completed, an email is sent to the clients.
The buyer and seller may continue to negotiate until they both agree exactly to the terms and conditions of the transaction. Since the transaction is specified in detail, the possibility of the buyer not receiving exactly what they expect is eliminated. EPS Global does not set any conditions for the transaction. The buyer and seller set their own terms for all aspects of the contractually process.
When terms and conditions are agreed upon, the transaction is opened with EPS Global. The funds are reserved from the buyer’s client account in favor of the seller. In the case where the buyer does not have a sufficient credit balance in his EPS Global account, the transaction is put into a pending status until the account is fully funded. EPS Global accepts electronic banking transfers, wire transfers, or Ledger Transfers at JP Morgan Chase Bank.
At the tine a transaction is funded, the seller is notified that the funds are ready for purchase or the service agreed upon. When the buyer is satisfied that the conditions for payment have been met, the buyer informs EPS Global that the transaction is complete, and the funds become available in the seller’s account. The seller may also request the payment whenever the conditions of the agreement are satisfied. Every transaction is governed by the Escrow and closing agreement signed by the parties and EPS Global. EPS Global is a full-service Global Transaction Management platform and it can be customized to meet any transaction needs.
Please contact EPS Global to customize our services for your transaction.
Clients may withdraw available funds from their account at any time minus any fees owed to EPS Global with a competed disbursement form. EPS Global has no requirement for any specific balance to be kept. Money may be withdrawn by electronic funds transfer to U.S. bank accounts. Clients outside of the United States receive their funds by international bank wire.
If buyer and seller cannot agree on a resolution, EPS Global examines the positions of the parties and arbitrates the solution. EPS Global will utilize all necessary means to reach a solution satisfactory to both parties including expert inspection and expert valuation. The holder of the fund in the client account are just like having an account in the clients name and they are the ones who will have the rights to the fund outside of any closing or escrow agreement terms that need to be met.