Typically, the buyer covers escrow fees - but often, both parties agree to split costs much like legal fees, as both benefit from the arrangement.
In most cases, the buyer covers the escrow fees. Escrow is often seen as a measure to protect the buyer’s interests, especially where funds are being held pending delivery, completion, or satisfaction of contractual conditions.
However, when both parties benefit equally from the arrangement - such as in construction contracts, M&A transactions, or luxury yacht or jet sales - it is common to agree on a shared cost split. This approach is similar to how legal or notarial fees may be divided in some transactions.
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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