PayTo is an instant banking payment method. When using PayTo, GoEscrow will debit your account when you click on the ‘FundNow’ by PayTo option. This is a one click action and it is instant.
Funds will clear into your transactions escrow bank account within a minute, the transaction status will change to “IN ESCROW” and the payee/seller will be notified that it is safe for them to supply their goods/services to you.
The onward movement of the funds from escrow – we call this ‘settlement’ – will then happen as instructed by the parties in the transaction.