Projectmaterials.com Information

Projectmaterials.com is a B2B platform that helps Buyers and Sellers of materials for projects (piping and other equipment) conclude safe and trustless transactions via our SAFE ESCROW SERVICE (check https://projectmaterials.com for more information). Our Escrow service works in 5 easy online steps: 1. Buyer and Seller agree on contract terms offline 2. Seller starts an online Escrow contract that mirrors the offline agreement and submits it to the Buyer for approval 3. If Buyer approves the contract, Buyer pays into a ring-fenced, insolvency protected, bank account managed by our payment provider Trustshare Ltd. (an UK company licensed to operate B2B payments in 184 countries) 4. Seller delivers the contract with peace of mind and request payment after delivery 5. Buyer release the payment if contract has been duly fulfilled (or raises a dispute) Any potential dispute is managed fairly and quickly by an Arbitrator that is agreed between the parties in the contract itself (Arbitrators can be: Projectmaterials, a Third Party Inspector, the International Chamber of Commerce, an Entity agreed by the Parties). In brief, our Escrow process works similarly to a Letter of Credit but is more efficient and cost-effective (we charge only 1% fee on the total contract value). Buyer's funds in Escrow are held at reputable banks, like the Central Bank of Lithuania, Barclays UK, and CFSB USA. We never receive payments on our accounts nor can comingle customer funds. In addition to the Escrow service, we have developed an extensive knowledge base for piping products (https://blog.projectmaterials.com) which has become the world's most visited site in the piping industry, with over 3M visitors per year.