FF&E escrow services manage funds specifically for Furniture, Fixtures, and Equipment transactions. They securely hold client money in segregated accounts, handle payments to suppliers, conduct necessary AML checks, and provide clear transaction records.
By employing robust security measures and rigorous compliance processes, these services significantly reduce fraud risk and compliance burdens. While fees vary, many designers find them cost-effective due to the substantial reduction in administrative tasks, compliance responsibilities, and associated risks.
You can request a quote for your next project here.
Private escrow accounts provide security, trust and transparency to ongoing or ad-hoc payment requirements.
Third-Party Managed Accounts (TPMA's) are a convenient way to manage complex, high-value or even routine payment operations.
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