Hi, I am going to use escrow.com but my question is: because escrow accepts credit card, what happens if i sell using escrow, all goes well and i get the money, a week later, the buyer does charge-back with their credit card company? What happens? Does escrow.com pull funds from me? Please Answer all of these questions please, i am very nervous, need to know everything: -How do you cash out your escrow.com money? is it check? cash? do you go to a western union or ATM? -is there any way escrow can do a charge-back?? -also, how long does escrow.com give the buyer to review everything, does the payment sent by the buyer get released right after buyer says they have website? -if escrow sends you a check, who provides the details of your name and address to escorw, seller puts it in them self or buyer gives to escrow?
the chargeback question is not address, and i would like to know who provides the sellers name, address, etc? does the seller give it to escrow or the buyer, and is the info available to the buyer at any time?
I select direct deposit for escrow.com payments. This goes straight to my bank account. I never thought about the charge back situation and is probably a good question. I imagine escrow.com would be the ones responsible. I also believe it would be a crime to take money from your bank account without your approval. Perhaps a phone call to them would help?
Why not email the company to find out? least its in written form for the future if you need to claim back
Whats up with the attitude? Your not going to get help with a negative, expecting attitude. ALL of the questions you have asked are on the escrow site. Chargebacks - Its the same policy with EVERY financial institute. Its an international policy between financial institutes. Stage 1 - Chargeback is requested - finance institute/company requests reason(s) for chargeback. Stage 2 - Details and chargeback request is sent to company whom was paid the funds in question. Stage 3 - Company gains information from person who gained the funds, this person needs to provide proof of transaction of virtual or physical goods. Stage 4 - This information is then sent back to the financial institute launching the chargeback investigation. Stage 5 - Finance institute reviews information from company, and decides on chargeback or not. Its the usaul backwards and forwards stuff. If you dont provide enough evidence to the financial institute - You loose your money. Escrow provides a false sense of security.
In fact, Escrow is the one charged the buyer, so when buyers want chargeback, they are trying to get money back from Escrow. Escrow should (I believe) have enought evidence to kick back the chargeback.
I would definitely email escrow and ask them that question directly. That way you have it directly from the horses mouth.
In the future if you want help. Go directly through the company and you can always get a second opinion as you did here. The views mean nothing because legal issues need to be handled by someone who knows something about the program. Guesses... 1. I think your fine - you find out later that he did what you didn't want him to do. He did a charge back. You come back here and yell at the guy. 2. Nope can't happen no such thing as a charge back. 3. Horses came to America by space ships. If people start guessing the answers would become unacceptable most of the time. Well good luck and in the future patience helps. Lawyers go to school for many years and have to have tons of experience to become a normal lawyer. This is because there's so many loopholes and everything needs to be garenteed in a sense and not a guess.