How deposit escrow works

Step 1 Client and supplier-partner sign a MeetingEscrow™ contract with the total amount of the advance deposit(s) to be protected, desired currency (USD, EURO or CAD) and the dates and amounts to be released to supplier-partner.

Step 2 Client receives MeetingEscrow™ invoice showing total advance deposits and fees. Client wires funds (note: fees can be paid by credit card) to Meeting Escrow Inc. Client & supplier-partner get confirmation of receipt.

Step 3 Our MeetingPayments™ integrated foreign exchange service ensures smooth and cost-effective conversion of originating funds, if necessary, to the currency in which the deposits are to be held and paid out to supplier-partner (i.e. from USD to EUR for a United States client doing a meeting in Europe).

Step 4 We safeguard client deposit(s) using our industry leading MeetingTrust™ segregated bank account system.  Every client deposit resides in a distinct, uniquely identified bank account in the currency in which it is to be paid to the supplier-partner. We offer USD, EUR and CAD segregated accounts.

Step 5 Supplier-partner receives MeetingEscrow™ international wire transfer(s) for deposit(s) on the exact date(s) indicated in the contract.


Meeting Escrow is backed by $5Million E&O (Errors & Ommisions) liability coverage through Lloyds / Special Risk, $5Million Commercial General Liability through Royal Sun Alliance, $1Million cyber liability through Lloyds/CFC Underwriting and a $1Million bond through The Guarantee Company of North America. 
 

  • ADMEI
  • AMEI
  • FICP
  • ICCA
  • SITE
140 Yonge Street, Toronto, Ontario, M5C 1X6 Canada
Main +1 647-494-3356   Fax +1 647-499-5683  Toll-Free North America +1 800-824-5135  
info@meetingescrow.com
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