Escrow.com wins the BBB Torch Award for Ethics
Escrow.com, the leading global provider of secure online payments with over US$4.5 billion in payments secured, was awarded the Torch Award for Ethics by the Better Business Bureau (BBB).
San Francisco, California, May 2, 2017 -- Escrow.com, the leading global provider of secure online payments with over US$4.5 billion in payments secured, was today awarded the Torch Award for Ethics by the Better Business Bureau (BBB).
Presented annually since 1996, the Torch Award for Ethics is the BBB’s most prestigious award. It is presented to a business that goes above and beyond in their business dealings with customers, other businesses and the community.
Escrow.com beat out other startups to take the award for San Francisco, Silicon Valley and the wider Bay Area for large businesses.
“Escrow.com provides the most secure form of online payments in the world today. This recognition from the BBB is recognition of the quality and standard of service that we offer.” said Jackson Elsegood, General Manager of Escrow.com.
Escrow.com makes transacting online safe and easy for over 1 million users, who use the platform to trade everything from motor vehicles to contracting services. The regulated payments business was founded by Fidelity National Financial in 1999 and now owned by Freelancer Limited, and is similar to PayPal but ensures that no chargebacks or reversals can occur as the funds sent are secured in escrow and bonded against loss.
Judging was performed by an independent panel from the BBB which included Alan Ross, Professor of Business and Public Policy at UC Berkeley Haas School of Business; Lan Wu, Ph.D., Associate Professor of Marketing at the College of Business and Economics of CSU East Bay; Alex Alexander, West Point and Harvard Business School graduate and author of The Entrepreneur’s Edge; and Reverend Dr. David Moore, pastor at Trinity Lutheran Church in Walnut Creek. Entrants were judged on criteria including industry leadership, communication, performance management, and commitment to the community.
"Torch Awards winners demonstrate the highest ethical standards of trust toward customers, employees and the communities in which they do business," said Lori Wilson, President and CEO of BBB serving the San Francisco Bay Area and Northern Coastal California. “We are proud to present this prestigious award to these deserving businesses.”
Escrow.com is now in the running for the 2017 International Torch Awards for Ethics which will be announced in July.
About the Better Business Bureau
For more than 100 years, Better Business Bureau (BBB) has helped people find and recommend businesses, brands, and charities they trust. BBB sets standards for ethical business behavior and monitors compliance, with nearly 400,000 Accredited Businesses meeting and committing to the organization’s high standards.
For more information about BBB, go to www.bbb.org/greater-san-francisco.
About Escrow.com
Escrow.com is the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet, having safely processed over US$4.5 billion in transactions. Founded by Fidelity in 1999, Escrow.com reduces the risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to buyer and seller instructions. Escrow.com is a subsidiary of ten-time Webby Award winning Freelancer.com, the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN.
For more information, please contact:
| Sebastián Siseles | Vice President, International |
| Tel | +54 911 32 60 07 30 |
| sebastian@escrow.com |