Buying or selling online in Kenya can be risky when you don’t know who is on the other side. Lockpesa’s escrow service solves this by holding your money safely until both parties are satisfied. You can fund it straight from M-Pesa or bank transfer.
What Is Lockpesa Escrow?
Lockpesa is an escrow service that acts as a neutral third party. When you lock money in your escrow account, the seller can’t touch it and you can’t take it back until the agreed conditions are met. This protects buyers and sellers in online sales, freelance jobs, rentals and other deals.
How to Lock Money from M-Pesa
- Create your Lockpesa account. Download the app or visit the website: www.lockpesa.com, then sign up with your phone number.
- Start a new escrow transaction. Enter the seller’s details, the amount, and a short description of the deal.
- Choose M-Pesa as your payment method. Select M-Pesa and confirm the phone number you’ll pay with.
- Approve the M-Pesa STK Push. A payment prompt will appear on your phone. Enter your M-Pesa PIN to authorize the payment.
- Wait for confirmation. Once payment goes through, your money is locked in escrow, and you and the seller both get notified.
- Release the funds. When you’ve received the goods or service as agreed, release the money to the seller.
Why Use Lockpesa Escrow?
- Safe online payments: Your money is held securely until delivery.
- Fraud protection: Reduces the risk of scams in online deals.
- Convenient: Pay with M-Pesa, the payment method Kenyans already trust.
- Fair for both sides: Sellers know the money is real, and buyers know it’s protected.
Tips for a Smooth Escrow Payment
- Double-check the amount and the seller’s details before paying.
- Make sure your M-Pesa account has enough balance, including transaction charges.
- Keep your M-Pesa confirmation message and your Lockpesa transaction ID.
Start Locking Money Today
Whether you’re buying a phone, hiring a freelancer or paying for a service, Lockpesa escrow makes M-Pesa payments safer. Create your account today and trade with confidence.
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