Monday, September 23, 2013

How to Use eBay Escrow Services




If you buy or sell big ticket items on eBay, you need



to know about the available escrow services. An



escrow service is designed to protect buyers and



sellers from being ripped off. The funds for the sale



go to the escrow service, and then the seller ships



the item to the buyer. Once the item has been



received, the funds are released from the escrow



service to the seller.





In some instances, both the item and the funds go



through the escrow service, and the service makes



sure that the buyer gets the item, and the seller



gets the money. There is a small fee for the service,



and it is usually a fixed percentage of the sale price.



It is up to the buyer and seller to decide who will



pay the fees. Often, the fees are split between the



buyer and seller.





If you want to use an escrow service, there is only



one service that eBay recommends, and they back



that service up. This service is Escrow.com. Over



the years, there have been many ‘look-alike’



escrow services, using variations of the escrow.com



domain name, but they have shown to be less than



reputable companies. Make sure you use the



services of escrow.com for the greatest protection.


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