Secure your payments with Outward's escrow service
All escrow payments are held by Escrow Services Trust (EST), a seperate entity to Outward Limited. EST is a fiduciary arrangment that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries (in this case you the users of the escrow service).
Outward provides confidence at every step
Outward's trade management platform is easy to use and helps your business create transactions with confidence and security whilst also reducing your administration time and effort.
Less Trading Risk
Provides assurance that the funds are available to pay the seller, and are not released until the goods have been shipped, or delivered.
Single Point of Truth
A fully auditable and transparent process of each party's actions as they happen.
A simple and transparent fee structure, which in most cases is cheaper than a bank Letter of Credit - and much more secure.
For international trades how does Outward compare to a bank letter of credit?
Does not require a credit facility, or credit check
Your payment is the security
Quicker to establish
Lower transaction costs
Reduced administration time
A self-managed process for approving trade documents, similar to an open account transaction, but within a secure central platform
Reduces the risk of document discrepancies invalidating your payment guarantee after the goods have shipped
Is quicker to establish
Allows you to get your goods out the door and payment faster
Reduces your administration time and effort
Copyright © 2021 Outward Ltd. All rights reserved.
Outward Limited is a Registered Financial Service Provider under the Financial Services Providers (Registration and Dispute Resolution) Act 2008 – FSP Number FSP661811, and is also a member of an independent dispute resolution scheme operated by Financial Services Complaints Limited 'FSCL' who are approved by the Ministry of Consumer Affairs. Outward Limited complies with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Outward Ltd is a limited company registered in New Zealand, NBNZ no. 9429042384236. Registered office Level 2, 29 Waterloo Road, Lower Hutt, 5010, New Zealand.