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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: