Blog
Welcome to the IRS Escrow blog page. Keep up to date on all our latest news and industry insights here.
What services does escrow provide?
Escrow service providers act as independent third parties to transactions.
What is escrow used for?
Escrow services can be used for virtually any situation where money or property are being transferred between parties. It is most commonly associated with property sales in the US, (you may have heard of the term ‘In Escrow’ being used during a property purchase).
IRS Escrow approved for unlimited transaction values
We are excited to announce IRS Escrow has received regulatory approval from the FCA for its recent application to transfer from a Small Payment Institution to an Authorised Payment Institution. The application has been part of IRS Escrow’s long term...
How to choose the right Escrow provider and where the FCA come in
Whilst individual escrow providers have been offering services for years, the overall awareness of escrow is still relatively limited in the UK. A quick search on the internet will mostly likely return companies based in the US.
Escrow Services – Providing Certainty to Transactions
With the world currently impacted with Covid-19 and the economy in a state of uncertainty, high value transactions can feel like a risky undertaking.