Clicky

LATEST
The Best Car Research Websites US Cities With the Fastest Rising Property Values Online Scams to Watch Out for in 2015 The Most Expensive Divorces in History What are the Poorest Cities in America? The Best Home Mortgage Loan Websites The Best Crowd Funding Websites The Best Mobile Apps For Your Personal Finances Does Shopping at Costco Really Save You Money? Practical Tips to Save Money on Gas Can Coinstar Turn Your Loose Change Into Big Cash? How To Resolve Paypal Disputes Are You Losing To Hidden Cell Phone Fees? Tax Deductions You May Not Know About How Much Money Will You Need In Retirment? How Much Life Insurance Is Enough? Are You A Victim Of Hidden Bank Fees? The Right Way To Ask For A Raise Which DIY Tax Program Is Right For You? Banks Giving New Accounts Great Deals In 2015 How To Deal With Debt Collectors High Paying Jobs With Labor Shortages In 2015 3 Tips to Save Money on Your Next Car Loan 5 Tips to Save Money on Health Insurance Should You Consolidate Credit Card Debt? Do You Have Unclaimed Property? Tips On Applying For A Small Business Loan What Is A Vantage Score And Why Is It Important? What Is A FICO Score And Why Is It Important? Tips On Creating An Emergency Fund Are Opening Store Credit Cards A Good Financial Decision? Tips To Help You Repair Your Bad Credit Is A Debt Consolidation Loan Right For You? Tips To Manage Student Loan Debt Tips On Finding The Best Deals On Cyber Monday Tips On Finding The Best Deals On Black Friday How To Save Money On Holiday Travel What Is Payoneer? What Is Apple Pay? What Is Escrow.com? What Is Neteller? What Is Skrill? What Is Amazon Payments? What Is Google Wallet? What Is Square? What Is An IRA And Should I Invest In Them? What Is A Mutual Fund And Should I Invest In Them? What Is A 401k And Should I Invest In Them? What Are Stock Options And Should I Invest In Them? Are You Properly Planning For Your Retirement? What’s The Difference Between PayPal vs. Amazon Payments? What’s The Difference Between PayPal vs. Western Union? What’s The Difference between PayPal vs. Google Wallet? What’s The Difference Between PayPal vs. Square? What’s The Difference Between A Wire Transfer vs. Western Union? What’s The Difference Between A Wire Transfer vs. PayPal? What’s The Difference Between A Wire Transfer vs. Bank Transfer? What Are The Best Places To Find Coupons Online? Can Owning A Hybrid/Electric Car Save You Money? Are Municipal Bonds The Right Investment For You? What Are The 5 Best US States To Start A Small Business? What Are The 5 Best US States Currently For Job Openings? Should You Consider Opening A Swiss Bank Account? How To Choose The Right Life Insurance Policy For You Are Homes In Foreclosure Good Investments? What Should You Look For When Choosing A Stock Brokerage Firm? What Should You Look For In A Retirement IRA? When Is Filing For Bankruptcy The Right Choice? Credit Cards With The Best Perks And Rewards Programs What Should You Look for When Choosing the Right Bank? Should You Consider Investing in the Forex Market? Do You Need a Financial Adviser? What Is A Reverse Mortgage, And Should You Consider It? Simple Tips To Manage Your Credit Card Debt Should You Buy Or Lease Your Next Car? Are Short-Term Payday Loans Right For You? 5 Ways You Can Improve Your Credit Score Are Penny Stocks A Good Investment? What Are The Benefits Of Investing In Precious Metals? What Is A Dogecoin And Are They A Good Investment? What Should You Look For In A Credit Card? Are You Ready To Buy A Home? Tips To Avoid Identity Theft The Phishing Scam The Rental Listing Scam Are Wire Transfers Safe? What is a Wire Transfer? Are Bitcoins Safe to Use? What are Bitcoins? Is Paypal Safe? What is Paypal? The Lottery Scam The Nigerian Scam (419) Is Sending Money with Western Union Safe? Incredibly Easy Ways of Sending Money with Western Union Everything You Need to Know about Western Union Western Union VS MoneyGram: Which Should You Use When Sending a Money Transfer? A Closer Look at MoneyGram Where Can I Send a MoneyGram? The Dangers of Sending Money Online: 7 Very Popular Internet Scams

Moneygram

What Is Escrow.com?

escrow logo
October 14th, 2014

Are you planning to buy a website that costs an obscene amount of money? Or perhaps a really expensive classic car on eBay? If so, then using an escrow service would really help you avoid potential headaches.
 
Escrow.com is an online escrow service which started more than 10 years ago with headquarters in Rancho Santa Margarita, CA. Their aim is to provide buyers and sellers with a safe place for their money. They are a licensed escrow service and are compliant with the Escrow Law.
 
How It Works
 
Escrow.com offers several services but they specialize in vehicle escrow, domain and website escrow, domain name holding escrow, general merchandise escrow, milestone escrow and broker escrow.
 
By using Escrow.com, you can have peace of mind knowing that your money is safe and secure. Here is a brief video explaining the process:




The escrow process is not difficult to understand. Escrow.com uses the same model as other escrow services. They act as a trusted third party agent and ensures that both the buyer and seller receive exactly what was agreed upon. In other words, the buyer will only receive the purchased item once they have transferred money to their escrow account. As soon as the buyer receives the item, then the seller will receive the payment.
 
The great thing about services like those offered by Escrow.com is that they will not only collect and disburse money, they will also ensure the transaction is legitimate and meets all the guidelines set by both the buyer and seller.
 
There is of course a fee for this service. With Escrow.com, it would depend on the type of transaction as well as the value of the transaction. However, their service fees can be as low as 0.89% of the purchase price and is automatically deducted.
 
There’s also a disbursement fee which can range from $10-$60. However, if you choose to be paid via regular mail (5-14 business days) then there’s no added charge.
 
Advantages of Using Escrow.com
 
As the buyer, the main advantage of using a service like Escrow.com is that it gives you protection against fraudulent activities. Imagine paying $1,000 for a website, only to find out that the seller was in fact a scammer. When you use Escrow.com, such problems would be avoided.
 
On the other hand, if you are a seller and you use Escrow.com, then it makes you more trustworthy in the eyes of potential customers. They will know you are a legitimate business/professional seller and that boosts buyer confidence.
 
Disadvantages of Using Escrow.com
 
In spite of the obvious benefits of using Escrow.com, some businesses opt not to use it because of the costs. Although for purchases of $25,000 and higher the fee is only 0.89%, you would have to pay 3.25% or a minimum of $25 for your transactions for purchases less than $25K. This could mean lesser profits for the seller if he shoulders the cost or even more cost for the buyer if he agrees to pay all the fees.
 
Nevertheless, for high ticket items like vehicles or valuable domain names and websites, it may be wise to use Escrow.com to avoid being ripped off or to get more customers.


This author has no description available.

Browse Our Website

Latest From The Money Blog

The Best Car Research Websites

The Best Car Research Websites

Instead of going to a dealership for a new car or checking various used car sellers, you can now fin[...]
US Cities With the Fastest Rising Property Values

US Cities With the Fastest Rising Property Values

Smart investors know that buying property in a thriving city is a good idea. But the prices of house[...]
Online Scams to Watch Out for in 2015

Online Scams to Watch Out for in 2015

“There’s a sucker born every minute” was Barnum’s perspective on life and business and he was right.[...]
The Most Expensive Divorces in History

The Most Expensive Divorces in History

A divorce is a relatively simple legal procedure but if it is between a couple with a net worth mill[...]
What are the Poorest Cities in America?

What are the Poorest Cities in America?

Many cities in the U.S. have never really recovered from the debt carnage that was unleashed on them[...]


https://suretrader.com

All Money Sending Tips Articles