A majority of people in whichever country they reside, use the internet and make payment online. Using online services is indeed another technological advancement that allows you to complete your payments sitting at home at any time round the clock. The popularly used payment services are bank transfer, Paypal and Moneybookers. Although it is an easy process and saves time, safety and security of the transactions are the important things to be considered.
Escrow.com reduces the risk of internet fraud by acting as a trusted third party that collects, holds and disburses funds according to Buyer and Seller instructions. Escrow services are provided by a licensed and regulated escrow company. Depending on the class of service you choose, the escrow fees will be charged as a percentage of the transaction value. Escrow accepts wire transfers, and in some cases credit card, PayPal, and check/money order.
Internet Escrow has been around since the beginning of Internet auctions and commerce. Clone software like the Flippa clone allow sellers to put their website/domain for sale and buyers purchase the property after due research on basis of google analytic reports, due diligence and market conditions. In addition to this, the Escrow payment service available protects the seller and the buyer from frauds by acting as the third party to complete transactions. To buy or sell domains online, you can rely and trust Escrow.com because it safely holds a Buyer’s payment in a trust account until the transaction is complete. Buyers can be confident the domain will be registered in their name and Sellers can be sure they’ll be paid.
So let us know why should you choose Escrow for your business.
Transactions between two strangers:
Nowadays we make businesses with partners whom we have not seen in person, met or living in a different country far away. Escrow service comes to your rescue as its an neutral third party for the payment transaction. This service holds the cash and releases them only when the seller party confirms it is an successful transaction.
Buyers and sellers are both protected:
Buyers receive and inspect the merchandise before the Seller is paid. Sellers receive their money if the Buyer accepts the merchandise. So the seller is not paid until buyer accepts the merchandise. If something goes wrong Escrow has a long process of investigation to find out which party is in the wrong.
More about Escrow:
- All Escrow web pages are secure and begin with https://
- Escrow does NOT send emails with payment or shipping instructions. A reputable escrow company never sends any sort of email telling you to send them money. If you receive an email from an escrow company to send them the money, it may be a scam of some nature. So you need to quickly shift to an another escrow company and keep your money safe. Always find a licensed escrow company in the market and avoid choosing an unknown company.
- Escrow does NOT accept payment through Western Union or Money Gram.
- Escrow does NOT have escrow agents.
Seems like Escrow is really secured. It’s a great place for business since most of us are looking for a very secure place on the web to get our transactions done safely.
It is very hard to believe on others n specially in the internet world.First implement the service on a very low scale and after that use it on higher scale is the only thing that can make us little sure that the service is reliable.
Escrow is certainly the best option for freelancers and businesses for payments related to projects because they do not directly pay the money but is kept in a trust account until the buyer properly examines the stuff they are buying. Nice article Caroline
There needs to be a secure escrow available. There are too many people attempting to scam or are simply deadbeats. This looks like an interesting service.
Escrow is certainly one of the best service especially for sale and purchase of websites.. Even sites like sedo provide escrow service as standalone service for third party.
the content is really informative, Escrow is great service for secure payment. Websites such as Flippa and Elance are using this services. There is no problem with Escrow, Its safe payment for both parties i.e. Buyer and seller. This service is secure and anybody can trust on this payment service. Big businesses and international companies can use this service for their online transactions.
There are rumors that escrow payment invests clients money for their purpose of profitability, may not true. Because of their service has no crisis till now.