| Some eBayer users on eBay insist on a service called | | | | Like eBay, Escrow does however attracts fraud & |
| escrow to complete a transaction successfully. If you | | | | scammers. Many scammers have been know to |
| use eBay at all you should really be aware of what | | | | setup fake escrow websites & then insist on this |
| escrow is, and how to use it properly. | | | | service being used after the auction. |
| So, What is escrow? | | | | In these cases the seller, will insist you send payment |
| Escrow is a service that adds security to auction | | | | though their own service claiming it is safe as they |
| deals that involve higher amounts of money. Escrow | | | | do not have access to the funds until you release |
| acts as a middle party, between both the buyer and | | | | them. Of course in reality once you send funds they |
| seller. | | | | are sent direct to the scammer & you have lost |
| Basically, as a buyer you will send payment to the | | | | your money. |
| escrow service instead of directly to the seller. When | | | | Alternatively, if you are selling the item(s) the buyer |
| the service receives payment, they will email the | | | | may insist on their own escrow service. They'll |
| seller and tell them they can saftely dispatch the item | | | | normally tell you that the funds have been sent via |
| to the buyer. | | | | the escrow service and you'll even get an email from |
| When you as the buyer receives the goods, you are | | | | the website informing you payment has been made. |
| able to log into the escrow service and release the | | | | You recieve such an email & feel you can now ship |
| funds to the seller. Only you can release the funds to | | | | your goods securely. |
| them, & only they are only able to release them | | | | Of course the website is fake as well, no funds have |
| back to you. | | | | ever been deposited and once you send off your |
| In most cases, you'll probably have some terms of | | | | item your unlikely to see it again. The website will |
| the sale, that allow you to inspect the goods first | | | | simply disappear.eBay only recommends one secure |
| before you release the funds. | | | | escrow service. This is & is one of a few verified |
| Overall, it's a very safe method of dealing with high | | | | escrow companies. To stay safe online if you need |
| value items. | | | | to use escrow, follow eBays advice. |