Pitney Bowes will provide online escrow services to RetailExchange.com

RetailExchange.com, an online business-to-business exchange for excess consumer products, and Pitney Bowes have created a partnership under which Pitney Bowes Capital Services will provide escrow services to RetailExchange.com's online marketplace. The companies say the online escrow service will benefit all exchange members by increasing seller confidence and providing a secure way for buyers to coordinate payment for goods. Pitney Bowes online escrow service accepts funds from buyers in a variety of ways, including wire/ACH transfer, check, money order or credit card. Payments are released to sellers after all agreed-upon conditions have been satisfied. The escrow service fully supports RetailExchange.com's existing negotiation format allowing members to negotiate length of the inspection period, conditions to be met before payment, the funds release schedule, and many other attributes. "Our partnership with Pitney Bowes attests to RetailExchange.com's commitment to offer our members comprehensive transaction support services," said Ken S. Frieze, CEO and president of RetailExchange.com. "This new online escrow service provides members additional confidence, when necessary, to complete transactions."