Do you conduct business in any of the major UAE markets, such as the DMCC in Dubai, Jebel Ali, Murshid Bazaar, Hamriyah Free Zone, or Al Aweer? Are you aware that you can start using smart contracts to safeguard transactions and deals worth millions of dollars? Yes, all of this is true because Trustin is founded to give businesses and individuals greater security when sending money online to purchase real estate, metals, or fruits and vegetables. Let's get to the bottom of this.

This blog discusses how to do secure transactions in the UAE, including possible risks and a powerful solution: TrustIn , the UAE's first regulated and licensed digital escrow platform.

Risk of unregulated escrow services in UAE | Unsecure transactions UAE

Liaison or escrow agents play a pivotal role in facilitating secure transactions, especially in high-value market zones in the UAE. Their primary responsibility is to ensure that both parties in a transaction meet their obligations before the final exchange of money and goods.

An incompetent or mediocre intermediary  might put both parties in danger. Sellers could waste valuable time and effort, while buyers may pay money to someone who will never deliver on the deal.

The situation gets worse if the liaison agent is dishonest. Can you entrust such an agent (no matter digital or traditional) with huge amounts of money? Absolutely not.

Moreover, relying on traditional methods can be risky too:

• Bank transfer risk: If you pay upfront via bank transfer, there's no guarantee the seller will deliver the goods as promised.
• Cash on delivery risk: This method poses security concerns during the physical exchange of cash. Additionally, there is no guarantee that the product will be exactly as described.

This is why using regulated or licensed digital escrow payment solutions is your best option for processing large online transactions. These solutions protect all parties, secure transactions and allow buyers and sellers to proceed with confidence when purchasing super expensive or high value goods and services. 

Trustin is a regulated digital escrow solution that is designed to protect your strategic deals.

Secure transactions UAE | The urgent need for digital escrow services in Free zone markets, DMCC and e-commerce

As business booms in the thriving free zones across Dubai like DMCC, Jebel Ali and RAKEZ, securing big transactions has become a top priority. Traditional ways of protecting the deals are never enough, as per experts. Whether importing goods, striking industrial partnerships or enormous real estate ventures, ensuring deals go smoothly with a stringent agreement is critical.

Places like Jebel Ali and SAIF Zone see a huge volume of logistics and manufacturing contracts daily. However, issues sometimes arise that result in costly losses or even legal disputes between billionaire stakeholders. This highlights the clear need for safeguarding investment through reliable verification measures.

Hence, companies like Trustin are transforming B2B dealings using innovative anti-money laundering solutions. 

The best part is that we are backed by an accredited national bank, which provides extra confidence. This is not the case with unregulated/unlicensed or subpar analog intermediary services.

With real-time visibility into the escrow status, our stakeholders are kept informed as terms are met. On top of that, our built-in smart contracts capture unique agreement rules, providing guarantees from beginning to end.

Trustin Trade’s AML transactions | Introducing escrow payment solutions

Consider how long complex shipments or facility projects would take if payments were delayed or contract disputes existed. The reputational harm and costs might derail operations for years.

Trustin, on the other hand, accelerates the entire process with AML-enabled smart agreements that do automated real-time checks. 

From certificates of origin to cross-border transfers, every transaction is completely visible and secure. This undoubtedly improves efficiency while creating collaborations based on mutual accountability.

Free markets or commercial hubs such as ADGM, DIFC, DAFZA, and Sharjah's Hamriyah Free Zone attract huge business and funds transfer. Therefore, securing multimillion-dollar deals with AML-compliant contracts has saved many. 

Our digital escrow services in Abu Dhabi, Dubai and covering all emirates have already augmented protection in strategic deals.

How to get started with an escrow account in the UAE?

Are you ready to experience secure and hassle-free digital transactions in the Gulf or UAE? Here's how to get started for AML contracts or escrow transactions in UAE using TrustIn:

1. Visit TrustIn's website: Learn more about the platform's features and advantages.
2. Create an account. Signing up is quick and simple.
3. Browse listings or post your own: The platform supports an array of products and services, including AML transactions and digital escrow accounts.
4. Start a secure transaction: Find the ideal product, communicate with the seller and use TrustIn's escrow payment solutions service to ensure secure transactions and peace of mind.

Are you looking for secure transactions in the UAE? Connect with Trustin, the leading digital escrow services in UAE. 

Get your digital escrow accounts in the UAE!

Find the verified partners of Trustin!