The seller ships the item and provides tracking information to Escrow.
The buyer has a specified time period to accept the item and advise Escrow that this has been accepted. If the seller rejects the item it is at this point that a dispute will be raised and Escrow will be required to act as a third party for resolution.
Once the merchandise has been accepted by the purchaser, Escrow release the funds to the seller and the transaction is complete.
Escrow provides enormous benefits to both buyers and sellers no matter what area of online trading they’re involved in.
Escrow system removes all elements of doubt on the behalf of a buyer that their money will be spent exactly as intended.
Money isn’t released to the seller until they are satisfied with the goods and shipping and delivery are tracked by the third party which ensures that no items ‘go missing’ once a buyer has made their payment