What is escrow service?
An escrow service can protect you from disagreements on receipt of product or services, misunderstandings, and other issues that can come up in the online marketplace. Briefly, you are hiring a licensed and bonded 3rd party company to hold the funds until both parties are satisfied with the transaction. When the buyer says he is satisfied with everything, the funds are released to the seller. It protects both the buyer and seller. There are a lot of online escrow services and you should be careful while choosing one because there are fake escrow service providers. Try to find on the Internet as more information as possible about the escrow service you are going to choose.
