Escrow Payment in Nigeria — Buy and Sell Online Safely
Siiqo holds the buyer's payment in escrow until the order is delivered and confirmed. Sellers get paid. Buyers get protected. No trust required — escrow provides it.
What is Escrow Payment and How Does It Work in Nigeria?
Escrow is a payment method where a trusted third party — in this case Siiqo — holds the buyer's money until the transaction is completed successfully. Neither party can access the funds until both sides fulfil their obligations.
Buyer Pays into Escrow
The buyer sends payment to Siiqo escrow — not directly to the seller. Funds are secured immediately.
Seller Ships or Delivers
The seller sees the payment is confirmed and ships the product or delivers the service.
Funds Released to Seller
Once the buyer confirms receipt, Siiqo releases the funds to the seller's bank account automatically.
Why Nigerian Buyers and Sellers Use Escrow
Buyers Cannot Be Scammed
Your money never goes directly to the seller until you confirm receiving your order. If something goes wrong, Siiqo investigates and refunds.
Sellers Get Paid Reliably
No more chasing buyers for payment. The funds are already secured before you ship. You get paid the moment delivery is confirmed.
Built for Nigerian Commerce
Designed specifically for how Nigerians buy and sell — bank transfer, USSD, card, and crypto all supported.
Dispute Resolution
If a dispute arises, Siiqo's team reviews evidence from both sides and resolves fairly. No more he-said-she-said.
Auto-Release After 72 Hours
If the buyer does not dispute within 72 hours of delivery, funds release to the seller automatically — no action needed.
Works for Physical and Digital
Escrow protects physical product orders, digital downloads, and service payments equally.
Escrow Payment Nigeria — Common Questions
How long does escrow take to release funds to the seller in Nigeria?
Funds are released to the seller immediately after the buyer confirms delivery, or automatically after 72 hours if the buyer takes no action. For digital products, release is instant after download confirmation.
What payment methods does Siiqo escrow support in Nigeria?
Siiqo escrow accepts payment by bank transfer, Paystack card, USSD, USDT and USDC crypto. All methods fund the same escrow — buyers choose whichever is most convenient.
Is Siiqo escrow the same as AtaraPay or EscrowPay in Nigeria?
Siiqo escrow is built directly into a full marketplace and storefront platform. Unlike standalone escrow tools, you get a branded online store, Pay Links, invoicing, and logistics tracking all included — not just an escrow service.
What happens if a seller does not deliver after I pay into Siiqo escrow?
If you raise a dispute within 72 hours of the expected delivery date, Siiqo will investigate. If the seller fails to deliver, your funds are fully refunded. The escrow model makes it impossible for sellers to disappear with your money.
Buy and Sell Safely in Nigeria with Siiqo Escrow
Every transaction on Siiqo is escrow-protected. Start selling today — your buyers will trust you more.