Is there a platform where money is deposited to a third party (bank, depository) and only released when the item being bought is already delivered by the seller/supplier? for the security and protection of both seller and the buyer. Once the buyer confirms the delivery, the money will be released. this is for big items more than 200 USD
Yes, what you’re describing is an escrow service , where funds are held by a neutral third party until the buyer confirms receipt of the goods.
The most widely known global option is Escrow.com , which is licensed and regulated, commonly used for high-value transactions, and supports both physical goods and digital products. In some regions, Payoneer Escrow and Alipay’s escrow system (for Alibaba/Aliexpress) work similarly, automatically releasing funds once delivery is confirmed.
For B2B transactions, Alibaba’s Trade Assurance is essentially an escrow mechanism, protecting both buyer and seller by holding payment until the supplier meets agreed shipping and product conditions. If you’re buying or selling locally, some banks and even legal firms offer trust or escrow accounts for high-value sales.
The key is to choose a regulated platform with clear dispute resolution, since they’ll be responsible for releasing the money if the buyer and seller disagree.