Payment Escrow

An escrow service is actually a financial instrument wherein a third-party platform (Safe Coliseum in this case) manages the transactions on behalf of the other two parties. In other words, the payor deposits an ‘x’ amount to Safe Coliseum, and at the time of payment, Safe Coliseum will deposit the amount into the payee’s account within the platform. These transactions will be held back by Safe Coliseum until the fulfillment of all contractual obligations.

Safe Coliseum is exactly as the name suggests, it is safe. The producers and other stakeholders of the industry can deposit the money way in advance and not worry about the nitty-gritty of payments in the future. A win-win for both parties as the payee also doesn’t have to bother about constant payment reminders. It is to be noted that we do not take any responsibility for the payments that are done outside of the escrow services and the platform.