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Is Escrow safe?

Discussion in 'Payment Processing' started by sahirfarid, Jan 4, 2013.

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  1. #1
    Hey everyone!

    I am about to start sending and receiving payments through Escrow, all I want to know is that, is it 100% safe?

    Thanks
     
    sahirfarid, Jan 4, 2013 IP
  2. nihangshah

    nihangshah Prominent Member

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    #2
    Ecrow depends on the reliability of middle man.

    In ecrow systems, both buyer and seller use middle man. These systems are used in high valued transactions and therefore risk of getting scammed is very low.
     
    nihangshah, Jan 4, 2013 IP
  3. planktonz

    planktonz Peon

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    #3
    yes.. like third party..example >>> you>>Escrow>>Seller/buyer
     
    planktonz, Jan 4, 2013 IP
  4. fabianmevans

    fabianmevans Peon

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    #4
    The escrow is safe for some of the sale in auction format with a day. An ebay thraugh ebay contact a member service. The eBayer asked about the "buy it now" price for that watch with shipping cost included to Spain.
     
    fabianmevans, Jan 4, 2013 IP
  5. Kanonig

    Kanonig Well-Known Member

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    #5
    Escrow is a third party that hold funds and release the fund when both parties say they are both satisfied.

    They are very saf like all the top payment processors you know. Big sites like flippa, elance e.t.c use them.
     
    Kanonig, Jan 7, 2013 IP
  6. fabianmevans

    fabianmevans Peon

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    #6
    The escrow is safe for some of the sale in auction format with a day. An eBay through eBay contact a member service. The eBayer asked about the "buy it now" price for that watch with shipping cost included to Spain.
     
    fabianmevans, Jan 16, 2013 IP
  7. fabianmevans

    fabianmevans Peon

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    #7
    The Escrow system is known for the middle men business, where both buyer and seller use the middle men to go on with business. Its highly safe system to deal in with business.
     
    fabianmevans, Jan 21, 2013 IP
  8. virtuous2012

    virtuous2012 Peon

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    #8
    This is good information. I am trying to sell my sites and wanted to find out a good and fraud free transaction between buyer and seller. The last thing you need is to lose money that you have worked hard for.
     
    virtuous2012, Jan 25, 2013 IP
  9. Xnefoo

    Xnefoo Greenhorn

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    #9
    Yes Escrow is super safe in my opinon.
     
    Xnefoo, Jan 25, 2013 IP
  10. dilon

    dilon Well-Known Member

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    #10
    Escrow works as a broker and it release the payment after both parties are satisfied completely. Go Ahead - It's 100% safe.
     
    dilon, Jan 26, 2013 IP
  11. lifeplayer

    lifeplayer Notable Member

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    #11
    i wouldnt say it is 100% safe but it is one of the best. So far it works great for me
     
    lifeplayer, Jan 26, 2013 IP