Escrow Companies
Affordable Collect & Pay Services
As an Escrow company, you often deal with the flow of funds across borders – which can be costly and time-consuming due to high fees and slow processing times.
SingX offers an affordable and fast solution that can help you streamline your operations and save money.
Escrow Companies
If you’re an escrow company looking to streamline your transactions and cut costs, SingX could be the solution you’ve been looking for.
With SingX, you’ll be able to avoid the high fees and slow processing times that often come with cross-border transactions, giving you more time and resources to focus on growing your business. Here’s how:
Facilitating Cross-border Transactions
Escrow companies often deal with transactions involving parties from different countries. SingX provides a simple and efficient way to transfer funds across borders, reducing the time and costs associated with traditional methods such as wire transfers.
Improved Transaction Speed
With SingX, funds can be transferred in a matter of hours, compared to several days with traditional remittance methods. This helps escrow companies to streamline their transactions and provide a better customer experience.
Reducing Transaction Costs
SingX offers highly competitive exchange rates and low transfer fees, which can significantly reduce the costs associated with cross-border transactions. This helps escrow companies to save money and pass on those savings to their clients.
How it Works:
Overseas Buyer
Places the funds into a Pre-approved Escrow Account provided by SingX and managed by you.
Multi-currency Account by SingX
While the exchange of goods and services is going on, the funds are held securely in this account.
Local Seller
Once the buyer and seller are satisfied and have agreed to release the funds, SingX can transfer these funds to the seller at a fraction of the cost that banks charge.
Benefits of SingX
Flexible Multi-Currency Accounts
Easily set up and manage accounts for all your escrow arrangements, at a fraction of the cost.
Huge Savings
Access to the most Competitive FX rates without any hidden bank charges or mark ups.
Licensed & Secure
Headquartered in Singapore, one of the world's most respected financial hubs, your funds are safeguarded by one of Asia's Safest Banks.
Tailormade Solutions
We customize our product and platform to address your specific pain points.
Increased Efficiency
Simple and user-friendly platform that allows escrow companies to streamline, initiate and track their transactions easily.
Full Control
Ability to determine time of FX conversion based on prevailing rates and requirements.
How to Open an Account
Submit your contact details to us.
Our sales agent will reach out to assist you.
Account Opening within 2 days of document submission.
Our Business Platform
Our intuitive and user-friendly dashboard provides a one-stop solution for managing all your international pay-ins and pay outs. Boost your profitability by reducing expenses on fees, FX markups, and manpower.
help.business@singx.co | +65 3163 6148
*SingX Pte Ltd is a company registered in Singapore (UEN: 201433979Z) and works with licensed remittance operators in each country. In Singapore, SingX works with our group company, SingX Singapore Pte Ltd (UEN: 201533243W) which is regulated as a remittance business (License number PS20200369) by The Monetary Authority of Singapore (MAS). For a list of licenses in all countries, please click here.