EscrowPay launches EscrowPay Services, so freelancers and contractors can get paid in stages

EscrowPay, a company offering conditional settlement services, has expanded its platform to include services-based transactions. On 20 October 2026, EscrowPay launched a new web platform called EscrowPay Services, available at services.escrowpay.app. This platform enables clients and service providers to agree on jobs in stages, with the client paying for each stage only after it is completed.

The service caters to freelancers, contractors, and various professions like web designers, photographers, event planners, and more. EscrowPay's WhatsApp-based service was initially launched to protect goods bought and sold digitally, ensuring that money is held until the item is received and inspected. Now, EscrowPay Services aims to resolve trust issues surrounding service payments by allowing clients and providers to agree on stages, prices, and identities before transacting.

Clients and providers must verify their identity using NIN or BVN before engaging in transactions. If a stage is disputed, EscrowPay's team will review the evidence before proceeding. Fees are 10% of the job, split equally between the client and the provider, with a cap of ₦50,000 per project. The money remains in an account at Rubies MFB until a stage is approved, at which point Rubies releases it on EscrowPay's instructions.

EscrowPay's founder, Toye Akinwale, emphasizes that this new service aims to protect both clients and providers, ensuring that funds are never held by either party.