{"id":3479,"date":"2019-04-15T18:47:35","date_gmt":"2019-04-15T16:47:35","guid":{"rendered":"https:\/\/www.pariseavocats.com\/?page_id=3479"},"modified":"2019-04-15T19:06:29","modified_gmt":"2019-04-15T17:06:29","slug":"paymaster-en","status":"publish","type":"page","link":"https:\/\/www.pariseavocats.com\/index.php\/en\/paymaster-en\/","title":{"rendered":"Paymaster-en"},"content":{"rendered":"<p>[vc_row full_width=\u00a0\u00bbstretch_row\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1498567479903{padding-top: 25px !important;padding-right: 100px !important;padding-bottom: 40px !important;padding-left: 100px !important;background-color: #2b2b2b !important;}\u00a0\u00bb][vc_column]<div class=\"section-heading-wrap   vc_custom_1555347396325\"><div class=\"section-heading  redl-heading-69f4c4d9bd43e\" >A paymaster is someone appointed by a group of investors to allocate commissions, fees or wages in the private or public sector.<\/div><\/div>[\/vc_column][\/vc_row][vc_row full_width=\u00a0\u00bbstretch_row\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1498567305699{padding-top: 30px !important;padding-bottom: 30px !important;background-image: url(https:\/\/www.pariseavocats.com\/wp-content\/uploads\/2016\/08\/bandeau1-1.jpg?id=2298) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}\u00a0\u00bb][vc_column][vc_row_inner css=\u00a0\u00bb.vc_custom_1498567133634{padding-top: 10px !important;padding-bottom: 20px !important;}\u00a0\u00bb][vc_column_inner width=\u00a0\u00bb1\/2&Prime;]<div class=\"section-heading-wrap   vc_custom_1555347375016\"><div class=\"section-heading  redl-heading-69f4c4d9bd474\" > The main goal of a PayMaster is to receive a trust fee from buyers in a large transaction, and to pay sellers and brokers the transaction.<\/div><\/div>[vc_column_text css=\u00a0\u00bb.vc_custom_1555347334653{margin-bottom: 27px !important;}\u00a0\u00bb]A paymaster is usually a lawyer (also called \u00ab\u00a0Paymaster Lawyer\u00a0\u00bb). With respect to commission payments on contracts involving large amounts of money (such as oil, gas, steel, iron, gold, NTDs, VGs, T-Strips and other instruments), most banks are wary of handling large amounts of money. In addition, most buyers and sellers of these transactions want to place money with a neutral third party for disbursement. In most cases, the buyer and seller involved in the transaction require that a lender be appointed to manage all incoming and outgoing funds.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=\u00a0\u00bb1\/2&Prime;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=\u00a0\u00bbstretch_row\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1498567425716{padding-top: 30px !important;padding-bottom: 30px !important;background-image: url(https:\/\/www.pariseavocats.com\/wp-content\/uploads\/2016\/08\/Bandeau4.jpg?id=2303) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}\u00a0\u00bb][vc_column][vc_row_inner css=\u00a0\u00bb.vc_custom_1498567221413{padding-top: 10px !important;padding-bottom: 20px !important;}\u00a0\u00bb][vc_column_inner width=\u00a0\u00bb1\/2&Prime;][vc_column_text css=\u00a0\u00bb.vc_custom_1555347295236{margin-bottom: 27px !important;}\u00a0\u00bb]<\/p>\n<p class=\"p1\"><span style=\"color: #fff;\">A PayMaster is a neutral third party and has no knowledge of the transaction. He manages the incoming commissions and then disburses the funds accordingly. In return for its services, PayMaster pays a small fee that is paid directly from the commission&rsquo;s proceeds before disbursement.<br \/>\n<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=\u00a0\u00bb1\/2&Prime;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=\u00a0\u00bbstretch_row\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1498567233317{padding-top: 30px !important;padding-bottom: 30px !important;}\u00a0\u00bb][vc_column][vc_row_inner content_placement=\u00a0\u00bbmiddle\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1498567243515{padding-top: 10px !important;padding-bottom: 20px !important;}\u00a0\u00bb][vc_column_inner width=\u00a0\u00bb1\/2&Prime;][vc_column_text css=\u00a0\u00bb.vc_custom_1555347244093{margin-bottom: 27px !important;}\u00a0\u00bb]In Europe and therefore in Switzerland, it is compulsory to be authorized to practice the activity of PayMaster. A PayMaster is an authorized lawyer, because of the security problem with assets held that do not belong to him directly and that must be housed in a \u00ab\u00a0trust account managed by the Attorney\u00a0\u00bb (also known as IOLTA account) .[\/vc_column_text][\/vc_column_inner][vc_column_inner width=\u00a0\u00bb1\/2&Prime; text_alignment=\u00a0\u00bbtext-center\u00a0\u00bb][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"[vc_row full_width=\u00a0\u00bbstretch_row\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1498567479903{padding-top: 25px !important;padding-right: 100px !important;padding-bottom: 40px !important;padding-left: 100px !important;background-color: #2b2b2b !important;}\u00a0\u00bb][vc_column][\/vc_column][\/vc_row][vc_row full_width=\u00a0\u00bbstretch_row\u00a0\u00bb css=\u00a0\u00bb.vc_custom_1498567305699{padding-top: 30px !important;padding-bottom: 30px !important;background-image: url(https:\/\/www.pariseavocats.com\/wp-content\/uploads\/2016\/08\/bandeau1-1.jpg?id=2298) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}\u00a0\u00bb][vc_column][vc_row_inner css=\u00a0\u00bb.vc_custom_1498567133634{padding-top: 10px !important;padding-bottom: 20px !important;}\u00a0\u00bb][vc_column_inner width=\u00a0\u00bb1\/2&Prime;][vc_column_text css=\u00a0\u00bb.vc_custom_1555347334653{margin-bottom: 27px !important;}\u00a0\u00bb]A paymaster[&#8230;]","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3479","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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