How to Use eBay Escrow Services
Escrow is a service designed to protect buyers and sellers from being ripped off. If you are buy or sell high valued items on eBay then you must know about this escrow service. The idea is the funds for the sale goes to the escrow service and the seller ships the item to the buyer. After the item is received by the buyer the funds are released from the escrow service to the seller.
Sometimes both funds and the item goes through the escrow service. This ensures that the buyer gets the item and seller gets the money. There is a small fee for this service. Usually it is a fixed percentage of the sale value. It is up to the buyer and seller to decide who will pay the fees for this escrow service.
Currently there is only one service that eBay recommends and they back that service up. The service is provided by escrow.com. There have been many look-alike services over the years but they have shown to be less than reputable companies. Make sure that you use the service of escrow.com to ensure the greatest protection for your item and your money. |
