You are here: Home » Trade Service » Additional Info » Protect Your Payment

For Buyers and Sellers reduce the risk of fraud; authorized Escrow Service such as Escrow.com can act as a financial transaction intermediate party to provide a security payment method - Escrow Service.

What is Escrow Service?

Escrow is a secured payment mode, which protects online buyers and sellers from Fraud. Payment is held by the escrow service until you receive and approve the item.

Why use Escrow Service?

- Escrow adds trust to the transaction
Escrow reduces the potential risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to Buyer and Seller instructions.

- Protection for both Buyer and Seller
Buyers receive and inspect the merchandise before the Seller is paid.
Sellers receive their money if the Buyer accepts the merchandise.

How does Escrow Service work?

1. Buyer and Seller Agree to Terms
   Both parties agree to terms of the transaction, which includes a description of the merchandise, sale price, number of days for the Buyer's inspection, and any shipping information.
2. Buyer Pays Escrow
   The Buyer submits a payment, selecting check, money order, wire transfer, or credit card online. Escrow Agent verifies the payment. Processing time varies by payment method.
3. Seller Ships Merchandise
   Upon payment verification, the Seller is authorized to ship merchandise and submit tracking information. Escrow.com verifies that the Buyer receives the shipment.
4. Buyer Accepts the Merchandise
   The Buyer has a set number of days for an inspection and the option to accept or reject the merchandise.
5. Escrow Agent Pays the Seller
   Escrow Agent pays the Seller by check or wire transfer. The transaction is complete.

Important Notice:
There are many escrow service providers and some of them are spoof agents. We recommend you select a valid and approved escrow service to protect yourselves from fraudulent escrow service. If your trading partners specify or insist you use an escrow service, please verify the escrow provider's legitimacy.

Learn more about Escrow