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Escrow

Discussion in 'Logistics - Payment & Shipping' started by anilnickypatel, Jul 12, 2006.

  1. anilnickypatel

    anilnickypatel

    Joined:
    Jan 27, 2006
    Messages:
    63
    Need your help again guys, Found a supplier seems ok had a chat with him on yahoo. He will accept escrow.com too, Now is this safe? As fas as i know: i pay escrow, they
    hold the money and the supplier sends the goods, once i recieve the goods and i am happy with them i inform escrow and they forward money to supplier?

    Is this right? Will i be safe? IS IT FRAUD PROOF?

    Gonna register with Escrow now.....;)
  2. ara-uk

    ara-uk Banned Member

    Joined:
    Feb 2, 2006
    Messages:
    1,135
    yes escrow.com is probably the safest method available.
  3. Anthony

    Anthony

    Joined:
    Oct 17, 2004
    Messages:
    17,274
    Moving to Payment Talk
  4. MustHaveMobiles

    MustHaveMobiles Community Moderator

    Joined:
    May 12, 2005
    Messages:
    3,471
    just amke sure it is escrow.com and not a sneaky redirect and you will be fine.
  5. Bigturk

    Bigturk

    Joined:
    May 16, 2006
    Messages:
    125
    and make sure when you go to escrom.com there is https in the url, also make sure you are paying in to escrow not being asked to pay into escrow via western union.
  6. anilnickypatel

    anilnickypatel

    Joined:
    Jan 27, 2006
    Messages:
    63
    Thanks Guys i will keep a sharp eye out!!!!:D
  7. andrewbowe

    andrewbowe Banned Member

    Joined:
    Jul 10, 2006
    Messages:
    128
    make sure you ae paying the actual supplier because i have heard of scams where people are fooled into spending mulitple amounts of money
  8. wragge11

    wragge11

    Joined:
    Nov 25, 2005
    Messages:
    752
    Do they charge 1%?
  9. ara-uk

    ara-uk Banned Member

    Joined:
    Feb 2, 2006
    Messages:
    1,135
    Who is that question aimed at? If you're talking about Escrow.com fees, then you can calculate them with the calculator on the escrow.com website.
  10. jarmarc

    jarmarc

    Joined:
    Feb 1, 2006
    Messages:
    114
    As I recently found out, it is not scam proof, though escrow.com does a good job of monitoring transactions.

    The scam that was tried on me, was short shipping or shipping something completely different than what was agreed to. This forces you to reject the goods, and then ship the goods back at your expense. The seller than rejects the goods that you returned, claiming that you didn't return all of what was sent. If you choose to use escrow.com, I would make sure that you are personally there to accept and inspect the package. Do not let the carrier driver leave until he watches you open the package in front of them to have an unbiased witness as to the contents. If the package contents are NOT what you agreed to, get a signed statement from them as to exactly what was contained in the package, and take digital pictures documenting the shipping label and contents.

    When shipping back, do not seal the box until you take it to the place of shipping, and then seal it only after the contents have been inspected by a third party at the shipping location, and the contents have been documented. Then seal the package in front of them and have them sign an affadavit of some type verifying theses facts. Do not ask them to verify authenticity of the products, just that they saw you seal the box with the specific contents inside.

    I know that it seems to be a hassle, but I guarantee you that it is paramount to document everything in case any questions arise. It really is just your word against theirs, and we all know how well these scammers can lie.

    Also, escrow.com is simply a "holder" of the funds, and they take no sides in the transaction. If there is a dispute, then they recommend that you go to arbitration as the remedy. In fact, it is written in their terms and conditions that binding arbitration is the remedy in any dispute, and that Orange County, CA is the default arbitration site. The downside to arbitration is that it costs about $500 to file a case, plus the cost of the arbitrator. These costs are supposed to be born equally by both parties.

    Hopefully that helps and gives everyone a better idea of how to use escrow.com safely.
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