Manage Cash Flow Between You and Your Dealers with Escrow
With the Escrow method offered by Paynet, main companies can easily determine the amounts to be transferred to the dealers' account.
With Escrow, main companies can suspend the amounts collected by dealers using Paynet's payment solutions and organise the share they will receive according to the future payment schedule on a transaction-by-transaction basis.
With Escrow , when the dealers receive a payment, the payment is suspended and the companies can transfer the payment to the dealer's account or to their own accounts, depending on the current situation. Meaning, there is no problem distributing payment between the main company and the dealers.
Escrow is easy to use through the Paynet API. Through Payportal, main companies can easily track payments received and dealers can easily track amounts paid and access historical data with Smart Reporting.