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What exactly is Escrow, how do I use it and what are the risks/drawbacks?
by
Pono
on 05/10/2018, 20:24:54 UTC
Hi all,

so I'm selling a lot of crypto hardware for a large sum of money and shipping it from Germany to another country in Europe. Seller seems like an honest guy and he'd like to pay via Escrow. I've never done any deals via Escrow and to be honest, I'm not entirely sure how it works. Tried some YT videos on this topic but they are mostly about real estate and the whole process seems to me as a bit too complicated. Do I need an Escrow agent? Who is he? How do I find one? What happens when I send my hardware to the buyer and he refuses to pay and never sends it back?

If there's anyone here on this forum who did some deals via Escrow and could shed some light on that topic I would be very thankful.