What is an Escrow service and why should I use one?
An Escrow service helps you conduct a more reliable transaction. Most escrow services operate by accepting payment for an item from the buyer. Once they have received it, you send the item. When the buyer receives the item and all aspects of the contract have been fulfilled, the escrow service sends the money on to you. This ensures that the money is in holding before you send the item and that the buyer has the item before his money is paid to you. Escrow services require a small fee, usually in the form of a percentage of the item’s price. These prices range from 0.85% to 10% depending on the amount. An Escrow is a good option when you are dealing with items of perhaps at least $10 or $20. You can find escrow services online by searching your favorite search engine. You should research them before you choose one to do your business with to verify their legitimacy. One popular escrow service is Escrow.com. While some may view using an escrow service as an extra step to bother with and
