Is Squadhelp an escrow service?

Is Squadhelp an escrow service?

According to the terms of service, Squadhelp is NOT an escrow service:

https://www.squadhelp.com/Terms&Conditions

12. Squadhelp is not an escrow service

Squadhelp is not an escrow service and does not hold property on behalf of any person. All amounts deposited or paid to Squadhelp are property of Squadhelp and Squadhelp may use those funds as it sees fit. The only rights that you have to receive payment of any amounts held by Squadhelp are as set out explicitly in this Agreement.

But I’ve already bought several domains on Squadhelp (wholesale marketplace), and my funds was held in escrow, until I received the domains.

I am sure it is an error in your terms of service. Or not?

Technically escrow is part of SH service however they are not officially an escrow service because that requires a special license.

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