Escrow Plus Why Register? Because it's in your best interest!

Following the shortages seen in 1999-2000 and the subsequent hit on our industry in early 2001, Brokers and Distributors are today faced with more challenges than ever. Stock shortages are slowly but surely coming back, so the strain from counterfeit parts in the distribution channel will undoubtedly be magnified.

It’s important to remember your OEM/CEM customer turns to you, the Independent Distributor, to fix supply gaps and provide quality product at the best possible price. Most will not spend the time or money to test every part they buy from you. And problems with parts usually become apparent only once production has started. At that point, any product failure results in a very expensive situation.

Because counterfeit parts are spreading rapidly, OEMs and CEMs are starting to mobilize. Now more than ever, the Broker or Distributor has a crucial role to play. Escrow Plus allows you to provide assurances to your end user customer because parts can be tested before they leave mainland China. Funds are 100% protected because if the inspection fails for any reason, the product will not enter the distribution channel. Your money (which is also your customer’s money) will be returned without penalty.

Furthermore, with U.S. Customs cracking down on Chinese imports, more and more orders are being seized, including some Europe-bound shipments going through Alaska. And the worst part is Customs can take up to two years to conduct its investigation!

With Escrow Plus, you are completely protected should this occur. If parts are seized by Customs, the Broker Forum will return funds to the Buyer. The transaction will be considered void and nullified upon receipt of the appropriate documentation.

By leveraging your Broker Forum Membership and taking advantage of Escrow Plus, you differentiate your company, offer more to your customer, and solidify your business relationships.