posted on November 6, 2000 05:14:40 PM new
Escrow is a way to pay your auctions buyer sends money to a escrow company for there winning bid escrow company holds money advises seller we have your money seller send Item out after buyer gets Item they have X ammount of time to notify escrow company if they got the Item and if it is what they bid and paid for if so escrow company sends seller there money.
Escrow companys charge 10 to 20 percent for this service of the total transaction.
if the buyer rejects the item the escrow company notifys seller item is being returned no payment is comeing . Escrow company still gets there percentage.
If I had a chose as to weather I would be the buyer seller or escrow company I would be the escrow company they get the garenteed $$$$$
WWW.dman-n-company.com
[ edited by dman3 on Nov 6, 2000 05:18 PM ]
