Start Transaction - Seller

If you are not a constant seller but just want to do a one-off sell of a product or service, please start the transaction by filling out the transaction form below.
Necessary fields will show up as you fill the form until you get to the submit button.

But, if you are a regular seller and have one or more products that you continuously sell online, we highly recommend that you create a seller account and have the chance to list your products for as low as:
N50 N10 (ten Naira) per product per day (promotional offer).
Visit Seller Accounts to learn of the benefits.

Transaction Form

Seller's Information
Seller's NameThis should be the same name on the bank account mentioned below.
First name Last name
Seller's email address
Seller's phone number
Name of Bank
Name of bank where seller's payment will be released into by EscrowLock if transaction is successful.
Bank Account Number.
Seller's bank account number.
Note: This account must match with the name of seller input above.
Full Name on Bank Account of Seller
Name on bank account of Seller. This should be similar with the Name stated originally in the transaction form.
Buyer's Information
Buyer's name
First name Surname
Buyer's email address
Buyer's phone number
Bank NameWe are asking for this information In case there's need to make refunds should the seller not meet the terms of the transaction. Your banking information is kept confidential.
Bank Account NumberEnter the account number.
Note: This account must match with the name of buyer input above.
Product Information
Let us know about the product you wish to transact on EscrowLock.
Nature of Product.Please select one option from the drop-down menu based on whether or not the product needs some form or transportation to get to the buyer.
Title of product(s) to be bought
Just input the name of the product. E.g. HP 1050 Laptop, Weavon/Hairs, A Pair of Sneakers. iPhone 12 Pro, Redmi Note 9, etc.
Total Transaction Cost (numbers only)
Input the total cost to be transacted through EscrowLock. This should include the cost of product(s) + transportation cost (if applicable) and any other necessary cost.
Currency
Select the currency symbol for this transaction.
Total duration of transaction (in days). Enter numbers only.What is the total number of days it could take for the product to successfully reach the buyer, and for the buyer to inspect it (if necessary), after which the transaction can be deemed as complete and the payment can be released to the seller.
If applicable, include time for production, shipping, delivery, inspection by buyer, etc.
Transactions that exceed 21 days may attract additional charge of N75 for each extra day.
Please enter a number greater than or equal to 1.
Estimated Date of Delivery
Date Format: DD dash MM dash YYYY

Based on the total number of days indicated above, please select an expected date that the product will reach the buyer.
Details of product(s)Use this space to provide a more detailed description of the product that you are offering.
Two examples are provided below followed by explanation.
You can copy and edit any of them to suit your need before pasting into this field.

EXAMPLE FOR AN HP LAPTOP (physical product)
The description of the HP laptop is as follows:
- Model: A1020
- serial number: 231452478NT
- fairly used,
- 15 inches screen,
- Core i5 processor,
- black in color,
- 4 gigabyte RAM,
- 1 terabyte storage capacity ,
- keyboard lights,
- DVD/CD drive,
- webcam.

EXAMPLE FOR WEB DESIGN SERVICE (service or virtual product)
My web design service includes the following features, though customer is welcome to discuss additional customization:
- 3 front pages (Home, About, Contact)
- contact form on contact page, connected to email address.
- eCommerce functionality for order placement (with necessary pages)
- online payment system with debit card, USSD, etc.
- 3 custom email addresses that match with domain name
- reflect brand colour (blue and white)

Sample website is available at www.samplewebsite.com
I'll finish up and deliver the work within 2 weeks (14 days) from the date of receiving payment confirmation from EscrowLock.

Explanation:
Use a new line to mention each specific feature, until you mention all major features of the product that you think buyers should know.
If the product is such that has a model and serial number, always start the description with stating these and other identifying IDs.
If applicable, any arrangement for transportation should also be mentioned here.
Number of days for inspection, if applicable. Numbers only.
Please enter a number greater than or equal to 1.
This is the number of days within which the buyer must inspect the product delivered and open a dispute if need be. This time must be added up to the "Total duration of transaction" below.
Cancellation, Refund and Replacement Policy
We'd use the responses to the questions below in combination with EscrowLock's standard policies to administer this transaction.
Refund/Replacement Policy
What happens if the product received by the buyer is defective or does not match up to the advertised offer?
Select from the drop-down list or choose "Custom answer" to input own response.
Note: any extra costs will be borne by the party responsible for necessitating the refund/replacement.
Custom response to Refund/Replacement Policy
Please type in your custom answer.
Cancellation Policy
What happens in a situation where the buyer decides to cancel the transaction after seller has started processing the order?
Select from the drop-down list or choose "Custom answer" to input own response.
EscrowLock Fees
Below is the applicable fees for this transaction.
3.25 Percent EscrowLock Service Charge Calculation A
3.25 Percent EscrowLock Service Charge Calculation for < 2,000,001
3.25 Percent EscrowLock Service Charge Calculation
3.25 Percent EscrowLock Service Charge Calculation. Show if A above is greater than N499 but Total Transaction charge is <2,000,001
N2m-N10m EscrowLock Service Charge Calculation
N65,000 + 0.75 Percent of amount over N2m-N10,000,001
Above N10m EscrowLock Service Charge Calculation
1.25 Percent EscrowLock Service Charge Calculation for 10,000,000 and above
EscrowLock service charge (if less than N500)
Charge for Additional Days
If the duration of transaction exceeds 21 days, extra charge of N75 for each additional day applies.
EscrowLock Service Charge
Amount to be deposited to EscrowLock
This is the amount that the buyer/payee will deposit into the special EscrowLock account that will be provided. It is simply a sum of the Total Transaction Cost and the EscrowLock Service Charge.
Amount to be released to Seller
Estimated amount to be released by EscrowLock to the seller if transaction is successful. This is after deduction of EscrowLock service charge.
Seller/Payee Banking Information
Correction to EscrowLock Agreement
Correction(s) needed.

Use this field to state any needed corrections to the user who initiated this transaction on EscrowLock. Feel free to mention specific things that need to be adjusted. When you are done, you can click on the "Revert" button so that the form can return back to the user.
Payment Information
Kindly input some information about the payment you have made to our account.
Name of depositor
First Last
Date of payment
Date Format: MM slash DD slash YYYY
Amount paid
Amount Depositor paid into EscrowLock account.
Payment reference number (if any)
If any, please type in the reference number that you received in your debit alert after making this payment.
EscrowLock Transactoin ID
ID of Pre Payment Seller Initiated Transaction
ID of New Entry
A section in the New Entry workflow step of Transaction Form 1 prompts to store ID of New Entry and requests for a field. So I am just creating this and hope I figure out later what it means.
Terms and Conditions*
I have read and I agree to EscrowLock's Terms and Conditions of Service available at Terms and Conditions of Service
Click on the checkbox after you have read and agreed to the terms.

You can access the terms by clicking on the red "Terms and Conditions" text above.
CAPTCHA
Before you submit this transaction form, kindly solve the Captcha challenge to prove that you are human.
Name
This field is for validation purposes and should be left unchanged.

Start Transaction - Seller

Transaction Form

Seller's Information

Buyer's Information

Product Information

Cancellation, Refund and Replacement Policy

EscrowLock Fees

Seller/Payee Banking Information

Correction to EscrowLock Agreement

Payment Information

EscrowLock Transactoin ID

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