As a provider of escrowescrow services, Accruit is experienced in facilitating all types and levels of transactions. Whether simple or complex, it’s important to understand some of the terminology used. Two terms common to the sale and purchase of real estate are “earnest money” and “down payment.” In this blog...
In this PYMNTS.com article, Accruit CEO, Brent Abrahm, and TruckTractorTrailer CEO, John Gillie discuss how digital escrow services facilitate online transactions of big ticket items. Article excerpted below.
Big-name eTailers like Amazon, eBay and Walmart have made it easier than ever to buy just about anything online. When it comes to shopping for big-ticket items like pre-used or new commercial vehicles, though, the online shopping process is anything but simple.
In fact, it is frequently rife with friction. For sellers, the process might entail anxiously waiting to receive payments. Buyers, meanwhile, worry about handing over a large sum of money to a sellerseller they’ve never met, hoping to have the vehicle safely delivered in the expected condition.
“We’re not talking about your Amazon transactions or small eBay transactions,” said Brent Abrahm, CEO ofdigital financial services provider Accruit.
Accruit joins participants from all segments of the oil and gas supply chain industry to discuss the role of escrowescrow
in the recovery of surplus and idle assets at the 2018 Energy Insight Conference.
In Crowdfunding Part I, we covered the basics of crowdfunding, including the definitions of common types of crowdfunding, including equity, debt, donation and reward crowdfundingreward crowdfunding structures. In this installment, we’ll explore some additional regulatory detail, focusing on equity crowdfundingequity crowdfunding and Title III of the Jumpstart Our Business Startups Act (JOBS Act) and Regulation...
As a form of crowdsourcing and alternative finance, crowdfunding is implemented to encourage crowds through online collaboration to efficiently invest in projects that interestinterest them. It functions in several different ways, with multiple factors influencing the process. In the first entry of this series on crowdfunding, we’ll explore the basics of such fundraising efforts as well as the variety of crowdfunding methods available.
What is crowdfunding?
The process of crowdfunding involves raising capital through non-traditional efforts. It is a collaborative method that relies on the contributions of investors, current and future customers, and the general public. Web-based platforms and the internet...
Accruit has entered into an agreement with Evergreen Note Servicing, an independent loan servicingloan servicing company in Puyallup, Washington, to collaboratively manage loan and contract servicing...
EscrowEscrow
is an arrangement in which transacting parties retain a third party, an escrow agentescrow agent
or escroweeescrowee
, whose job is to safeguard funds and assets according to conditions that have been agreed upon in advance. Such an arrangement protects the transacting parties in the deal, providing that neither has an unfair advantage and that both are earnest about the deal.
A private placement memorandumprivate placement memorandum
(PPM) or offering memorandumoffering memorandum
(OM) is the document used in a private offering of securities to a small number of uniquely qualified investors. Also known as an offering circular (OC), a PPM is typically used by a company to raise capital and avoid using debt or a traditional public offering.
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