Padlock.ng - How it works

Simple Steps to using Padlock.ng

The best escrow payment service company in Nigeria; offering reliable online and offline buyers/sellers protection for Business transactions.

Buyer and Seller agree to terms and conditions first

Buyer submits Escrow request and Seller accepts

Buyer makes payment to Padlock.ng for the goods or services

Seller delivers goods or renders services to Buyer

Buyer receives and approves goods or services

Padlock.ng releases payment to Seller's e-wallet

The best way to determine how much you will be charged for a particular transaction is to use the Padlock.ng Charges Calculator below.

Enter Transaction Amount (in ₦):

Benefits of Using Padlock

Using Padlock escrow service offers a range of benefits for various types of transactions. You can never go wrong when you choose Padlock. Here are some of the key benefits:

Total Peace of Mind

Using Padlock.ng’s escrow service offers numerous benefits that ensure secure and stress-free transactions. First and foremost, our service provides a layer of trust between buyers and sellers by holding funds securely until all parties are satisfied with the transaction. This eliminates the risk of fraud and protects your financial interests. Additionally, we offer transparent tracking and clear documentation at every stage of the process, so you always know the status of your transaction. With Padlock.ng, both buyers and sellers can engage in high-value deals with confidence, knowing that our dedicated support team is available to resolve any issues promptly and fairly. Whether you are buying, selling, offering a service, or brokering a deal, Padlock.ng provides peace of mind, ensuring that your transactions are smooth, secure, and successful.

Buyer Protection

At Padlock.ng, we prioritize the safety of our buyers. Our escrow service ensures that your funds are held securely until you receive your purchase(s) or service(s) and confirm its quality. This means your money is protected from the moment you make a payment until you are fully satisfied with what you have received. We also provide detailed tracking information so you can monitor your order every step of the way. If anything goes wrong, our expert support team is ready to step in and help resolve the issue quickly and fairly. With Padlock.ng, you can buy with confidence, knowing that your investment is fully protected. Discover exactly how we protect you when you make high-value purchases online by checking out our Buyer Protection Page.

Seller Protection

At Padlock.ng, we understand the importance of protecting sellers in every transaction. Our escrow service ensures that buyers’ funds are securely held before you ship any item(s) or render any service(s), giving you confidence that you will receive payment once the buyer is satisfied. This eliminates the risk of non-payment and fraud. We also facilitate the sharing of tracking information, so both you and the buyer are kept informed throughout the process. In the event of any disputes, our dedicated support team is here to mediate and protect your interests, ensuring that your sales are completed smoothly and securely. To learn more about how we protect you from fraud when making high-value sales, please check out our Seller Protection Page.

Broker Protection

At Padlock.ng, we recognize the critical role brokers play in facilitating successful transactions. Our escrow service is designed to protect brokers by ensuring that all parties fulfill their obligations before funds are released. We securely hold the buyer's payment until the transaction is completed to everyone's satisfaction, guaranteeing that brokers receive their rightful commission. Additionally, our platform provides clear documentation and transparent communication throughout the deal, making it easier for brokers to manage transactions with confidence. In the event of any disputes, our expert support team is available to assist, ensuring that brokers are protected and compensated for their efforts. With Padlock.ng, brokers can operate with peace of mind, knowing their role in the transaction is valued and safeguarded. To discover more about how Padlock.ng protects you from losing your brokerage fee while helping you maintain a professional image with your clients, please check out our Broker Protection Page.