paymaster services agreement

if you need to protect your business or other participants from fraud, paymaster services are a neutral party that can facilitate the contract fulfillment. a paymaster is a neutral third-party that acts as an escrow, receiving funds for the transactions between two separate entities or businesses. the facilitator gets a small commission for the paymaster services rendered. some may go overboard, suspending or closing accounts at the mention of large incoming amounts of cash. this demand fueled the rise of firms that can act as non-partisan outsiders that facilitate the exchange. paymaster services kickstart the process by researching both parties before placing funds in escrow.