I am not sure why people providing services are so reluctant to accept escrow or a middle man payment method and what more surprises me is that, a lot of people don't even know what escrow is.
Escrow is a legal concept describing a financial instrument whereby an asset or escrow money is held by a third party on behalf of two other parties that are in the process of completing a transaction. ... Money, securities, funds, and other assets can all be held in escrow.
In any online sale, there is an element of risk, especially when the buyer and seller do not know each other... It allows the buyer and seller to set out their terms and the third party can store funds in an escrow account while the particulars are being ironed out and it does not have to rely so much on trust.
Almost anything can be covered using escrow and just about anything can be bought and sold using an escrow service.
Escrow reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
Payment options for Escrow include wire transfer, credit card, PayPal, check or money order. Once the payment has been uploaded from the buyer, it is held safely and securely until the goods are shipped, received and checked by the buyer.
NOW, IF YOU FIND A BUYER ASKING YOU TO MARK THE TASK AS COMPLETED SO THAT HE/SHE RECEIVES THE FUNDS, PLEASE BE AWARE THAT THIS IS MOST LIKELY TO BE A SCAM.
Escrow is a legal concept describing a financial instrument whereby an asset or escrow money is held by a third party on behalf of two other parties that are in the process of completing a transaction. ... Money, securities, funds, and other assets can all be held in escrow.
In any online sale, there is an element of risk, especially when the buyer and seller do not know each other... It allows the buyer and seller to set out their terms and the third party can store funds in an escrow account while the particulars are being ironed out and it does not have to rely so much on trust.
Almost anything can be covered using escrow and just about anything can be bought and sold using an escrow service.
Escrow reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
Payment options for Escrow include wire transfer, credit card, PayPal, check or money order. Once the payment has been uploaded from the buyer, it is held safely and securely until the goods are shipped, received and checked by the buyer.
NOW, IF YOU FIND A BUYER ASKING YOU TO MARK THE TASK AS COMPLETED SO THAT HE/SHE RECEIVES THE FUNDS, PLEASE BE AWARE THAT THIS IS MOST LIKELY TO BE A SCAM.