What Escrow Do
Escrow shields Brokers, Buyers, and Sellers with every step. You may see each step of the escrow.com process.
How Escrow Work
All payments by the Buyer are verified as “good funds” before the Seller is instructed to ship. Escrow receives a wire from the buyer. The buyer’s funds are held in secured, non-interest-bearing trust Escrow Accounts until the transaction is completed. This ensures that your transaction is protected against chargebacks, fraud, or wrongly described goods. We have several escrow banks accounts with the main escrow account at Citibank.
All shipments are tracked to ensure the Seller shipped and the Buyer received the merchandise. The product should be shipped with insurance from the shipping company and this is handled outside escrow.
If the merchandise is fraudulent, it gives the Buyer the chance to return the merchandise before payment is released to the Seller.
Escrow shields Brokers, Buyers, and Sellers with every step. You may see each step of the escrow.com process here.