what is Escrow Payment

Discussion in 'Payment Processing' started by i_am_dhaval, Sep 24, 2010.

  1. #1
    what is Escrow Payment?

    what is the mining of what is Escrow Payment?
     
    i_am_dhaval, Sep 24, 2010 IP
  2. Digital_shubhi

    Digital_shubhi Illustrious Member

    Messages:
    11,524
    Likes Received:
    760
    Best Answers:
    12
    Trophy Points:
    405
  3. gkr

    gkr Peon

    Messages:
    14
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #3
    escrow works as an neutral third party in your transaction. They are like the intermediate persons for the internet transactions. Here’s what happens:

    * You and your client agree on the amount the job is worth
    * The client pays that amount to Escrow.com who holds the cash
    * You do the job and send the work to the client
    * The client tells Escrow that it’s all good and you get paid
     
    gkr, Sep 24, 2010 IP
  4. i_am_dhaval

    i_am_dhaval Well-Known Member

    Messages:
    1,364
    Likes Received:
    14
    Best Answers:
    0
    Trophy Points:
    138
  5. Mesil

    Mesil Peon

    Messages:
    74
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #5
    In short, it acts like a middleman.
     
    Mesil, Sep 25, 2010 IP
  6. i_am_dhaval

    i_am_dhaval Well-Known Member

    Messages:
    1,364
    Likes Received:
    14
    Best Answers:
    0
    Trophy Points:
    138
    #6
    how can i add my own Escrow Payment system?
     
    i_am_dhaval, Sep 25, 2010 IP
  7. NOBYNATOR

    NOBYNATOR Peon

    Messages:
    20
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #7
    Guys you should be aware of many escrow scamming websites, need to google it hard before you use it!
     
    NOBYNATOR, Sep 28, 2010 IP
  8. coloradocustomtile

    coloradocustomtile Peon

    Messages:
    25
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #8
    Nobynator is right, you should definitely stick with one of the reputable escrow providers, like escrow.com to avoid getting ripped off.

    i_am_dhaval, you can't really add your own escrow payment system, because then you would be the escrow and it wouldn't be any safer for the buyer than just paying you would- you'll have to link to a provider. :)
     
    coloradocustomtile, Sep 28, 2010 IP
  9. i_am_dhaval

    i_am_dhaval Well-Known Member

    Messages:
    1,364
    Likes Received:
    14
    Best Answers:
    0
    Trophy Points:
    138
    #9
    can you please look this site www . limeexchange . com

    please check his all payment method

    i want to add this type of payment method in mysite what can i do

    can you guide me properly?
     
    i_am_dhaval, Sep 28, 2010 IP
  10. Lalamaple

    Lalamaple Active Member

    Messages:
    622
    Likes Received:
    6
    Best Answers:
    0
    Trophy Points:
    70
    #10
    Lalamaple, Sep 28, 2010 IP
  11. i_am_dhaval

    i_am_dhaval Well-Known Member

    Messages:
    1,364
    Likes Received:
    14
    Best Answers:
    0
    Trophy Points:
    138
    #11
    it is costly i want to know about how this site use all payment method. www . limeexchange . com
     
    i_am_dhaval, Sep 28, 2010 IP
  12. aznbiggie616

    aznbiggie616 Peon

    Messages:
    35
    Likes Received:
    1
    Best Answers:
    0
    Trophy Points:
    0
    #12
    If your buying a product: You send them money, they hold it for you. Seller sends them product, they then forward it to you. Escrow releases payment to them after all is good and happy.
     
    aznbiggie616, Sep 28, 2010 IP