Imagine this: you’re buying your dream home in New Zealand. It’s an exciting moment, but there’s also a lot at stake – especially when it comes to the money. Thankfully, in New Zealand, house purchases are handled using a process called escrow through a lawyer. This system is incredibly secure, and here’s why: the money doesn’t go directly from the buyer to the seller. Instead, it’s held safely by the lawyer in a trust account until all the conditions of the sale are met. Only then is the money released to the seller, and the keys handed over to the buyer.

This process has been around since the 1500’s and is the gold standard for secure transactions. It ensures that no buyer loses their money and no seller is left unpaid. The beauty of escrow is its safety and simplicity – it just works. But until now, escrow has mainly been limited to big transactions like buying a house, involving lawyers and hefty fees.

That’s where IPromise comes in.

What Is IPromise’s Everyday Escrow?

IPromise takes the trusted principles of escrow and makes them available for everyday transactions. Whether you’re selling a second-hand car, hiring a freelancer, or paying for a product or service, IPromise ensures that everyone involved is protected. Think of it as “everyday escrow”—a simple, stress-free way to make sure money only changes hands when both sides hold up their end of the deal.

And the best part? Using IPromise costs less than a pie and a Coke.

How Does It Work?

The concept is simple… and the technology behind it is amazing:

  1. Send a Quote: You and the other party agree on the terms of the deal. For example, if you’re buying a car, you agree on the price, the condition of the car, and when the transfer will happen. You send the other party a quote in the IPromise system. Don’t worry this takes minutes not hours.
  2. Secure the Funds: The buyer deposits the agreed amount into IPromise’s secure system, just like how a lawyer’s trust account works in house sales.
  3. Get Paid: Once the conditions are met – say, the car is handed over and checked – the money is released to the seller. Receipts are all automatically provided.


And don’t forget Stress-Free Transactions. If something goes wrong or the conditions aren’t met, the money stays safely in escrow until the issue is resolved.

Why Does This Matter?

In traditional transactions, trust is often a gamble. As a buyer, you risk paying for something and never receiving it. As a seller, you worry about handing over goods or services and not getting paid. With IPromise, these risks disappear.

The system works because it creates accountability and is transparent for both sides. Sellers are incentivized to deliver what they promised, and buyers can rest easy knowing their money is secure until they’re satisfied.

Everyday Escrow in Action

  • Buying and Selling Goods: You’re purchasing a second-hand bike online. Instead of hoping the seller sends the bike after payment, you use IPromise to hold the money until the bike arrives in the condition promised.
  • Supplying a Service: You’re a freelancer and have been asked to design a logo by a customer. Instead of doing all the work upfront and crossing your fingers for payment, the funds are held in advance, securely by IPromise, so you know you’ll get paid immediately the work is done. IPromise works for all invoicing based businesses.
  • Event Planning: Booking a photographer for your wedding? Use IPromise to ensure payment is released only after the event, ensuring the photographer shows up and delivers the photos.
  • Any Size Payments: IPromise can handle transactions from $10 – $10 million.

The Cost of Peace of Mind

For a small fee – less than what you’d spend on a pie and Coke – you get the confidence that your money is safe, your deal is fair, and there’s no room for misunderstandings. That’s a small price to pay for peace of mind.

Why Choose IPromise?

  • 100% Secure: Your money is held in a secure BNZ Trust Account until both parties meet their obligations.
  • Accessible: Unlike traditional escrow services that require lawyers and high fees, IPromise is affordable and easy to use for everyone.
  • Versatile: From goods to services, IPromise works for virtually any transaction.
  • Trustworthy: The principles behind IPromise are the same as those that make house-buying in New Zealand safe and reliable.

Making Trust a Part of Every Transaction

IPromise is about more than just secure payments—it’s about building trust in every transaction, big or small. By applying a proven system to everyday situations, IPromise removes the stress and risk from buying and selling.

So whether you’re trading a car, hiring a contractor, or managing a payment for services, IPromise is your trusted partner, ensuring every deal is as safe and straightforward as buying a house through a lawyer’s escrow.

It’s time to make every transaction a stress-free experience. With IPromise, you can move forward with confidence—no stress, no risk, just trust. Get started now.