CheckVault is Australia’s premier secure payment system. Unlike conventional escrow, CheckVault does not act as custodian – instead appointing an independent agent they call the escrow agent. CheckVault’s escrow agent is Perpetual Corporate Trust Limited – one of Australia’s leading Trust companies with over a century of experience. CheckVault provides a secure escrow service, where client funds (the money being paid for goods or services) are held by a trusted specialist custodian until both the buyer and seller agree to the release of funds. In the event of a dispute, the funds are held by the custodian until the matter is resolved or as directed by a court of competent jurisdiction.