History: Middleman was founded in 2018 by Ekeh Princewill in the fight to help eradicate online frauds.
Middleman provides internet escrow services for many companies in e-commerce, international trade, online auctions, and online shopping platforms. The items that are handled range from domain name sales to high monetary value items such as motor vehicles and heavy equipment/machinery.
The company has been a guest blogger on ‘Tradeology’ – the official blog of the International Trade Administration as well as a featured writer in various magazines, including the Specialty Equipment Marketing Association (SEMA) News.
In 2019 Middleman reached an accrued value of over two million dollars in transaction volume. The company works extensively in an effort to prevent online fraud
The escrow company takes the buyer’s funds, verifies the deposit to the seller, and transfers the funds to the seller after the buyer receives the merchandise, thus protecting the interests of both the buyer and seller.
Vehicle Escrow: An escrow process that protects both buyers and sellers. It ensures the money is transferred and the vehicle is delivered with every sale.
Domain and Website Escrow: An escrow process that ensures buyers get the domain or website and sellers get paid.
Domain Name Holding Escrow: A service designed for domain name buyers and sellers who agree to hold the domain(s) in escrow while the buyer makes scheduled payments.
General Merchandise Escrow: An escrow process used for almost any product that protects both buyers and sellers from fraud.
Milestone Escrow: An escrow process where Middleman does not release payments to the seller until each phase/milestone has been completed and approved by the buyer.
Broker Escrow: A three-party escrow transaction that offers brokers the ability to begin, manage and close transactions privately and in a secure manner.
Trade Transaction Protection: An escrow process used for international trade that protects both exporters and importers from fraud.