Post
Topic
Board Beginners & Help
Re: what is escrows?
by
SALAUDDIN
on 28/01/2018, 09:37:44 UTC
Escrow is someone who acts as a middleman appointed by both the parties involved in the trade. He is a person who is trusted by both the parties. He ensures that trade is being conducted in a secure environment and the buyer is receiving the right goods and seller is receiving a right consideration as per the agreement that took place between buyer and seller.

I work as an escrow to contribute to this community and my working style is something like this.

How Escrow works?
                                                                                   


# 1.     Buyer or seller requests for this escrow service.
# 2.     Escrow confirms the trade details by contacting buyer and seller. [or rejects the request]
# 3.     Buyer sends funds to escrow.
# 4.     Seller sends the goods to the buyer after escrow's confirmation.
# 5.A   Buyer confirms the receipt of goods or service and informs the escrow.
# 6.A   Escrow release the funds to the seller.


It is a responsibility of the seller to meet buyer's expectations and buyer's responsibility to ensure the goods or services are as per buyer/seller agreement.


Dear sir, thank for your information, you can give any website link or forum topic link 'Escrow' related?