Escrow 101

Can someone please teach me how an escrow works? Also, does the vendor choose one or does the buyer?

Thanks!


Comments


[1 Points] Crow3711:

Escrow just means you make the purchase but don't click finalize until the package successfully arrives. The money moves into escrow immediately when you enter you pin and confirm the order. Finalizing early means you immediately finalize the order so the vendor gets the money free and clear before shipping the package, which some vendors require, but leaves you vulnerable to scam. Finalizing on package delivery is the escrow system.


[1 Points] Calypso420:

Just make sure as soon as you recieve your product, to login and finalize. Vendors HATE having to wait for auto-finalize.