We all know what escrow is and what it's function is, but for those that are unsure: - Escrow is where a third party holds the funds for a purchase
- The seller ships to the buyer after the escrow provider has the confirmed funds
- When the buyer gets and approves of the item, the escrow provider releases the funds
- If the item is never delivered, the buyer gets their money back
- If the buyer is not satisfied with the item, they may return it to the seller
- The seller gets the item back, the escrow provider returns the money to the buyer
- This is what escrow is; it's a 'safety net' for both the buyer and seller
To understand how Auctionpix Escrow service functions:
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