What is Escrow service?

Escrow service establishes a secure online trading environment. LookChem.com protects Buyer and Seller by acting as a trusted third-party during the transaction and managing the payment process from beginning to end. Simply stated, Buyer receives and inspects goods before Seller is paid. On the other hand, Seller verifies payment is secured before shipment.

5 Easy Steps to Using Escrow

• Step 1:Contract Signing

  After signing the purchase contract and application of the Escrow Service, both parties need to submit these 2 files to the Escrow Service Centre.

• Step 2:Payment

  Buyer pays the remittance to the Escrow Service Centre as stipulated in contract.

• Step 3:Shipments

  Supplier prepares and delivers goods as stipulated in contract.

• Step 4:Receiving

  After buyer’s checking cargos, both parties sigh the application of the payment releasing and submit files to the Escrow Service Centre.

• Step 5:Release the Payments

  LookChem pay the remittance to the specified account of the supplier.

Entrusted transaction related documents

• Procurement ContractView the details
• Entrusted ReceivablesView the details

Need Help?

IF you have any questions or need help in using our Escrow Service.

Tel:(86)-571-87562563

Fax:(86)-571-87562572

Email: service@lookchem.com

Contact Escrow Service General Questions