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.