red-apple wrote:I need to know of any reliable Eskrow services in China I can use yaleReply:I am about to use a company call PMFbancorp for escrow service. I know they work in China too.
Safe Trading Admin wrote:
Want to buy goods online but worry about scammers? Want to make sure that you only pay for goods that you ordered? All you need is a third-party escrow service to help ensure your online transactions are safe and secure!
What is Escrow?
Escrow is a term applied to any service that offers to hold money or goods until all parties in a transaction are satisfied that all terms and conditions have been met. Escrow services are becoming popular online because both buyers and suppliers are demanding better safety and security for their transactions.
Buyers do not want to send full payment only to receive nothing or faulty goods in return. Suppliers do not want to send their products only to receive part or no payment at all.
Escrow companies act as a third-party referee, holding payment from buyers but not releasing the money to suppliers until the buyer confirms delivery. Escrow companies also notify suppliers when payment has been made so they know it’s safe to ship the buyer’s order.
How does Escrow Work?
Buying online through an escrow service is a safe way to protect your payments. After placing your order online, make your payment to an escrow company using a credit card or your account in a bank. The escrow company holds the payment and only releases payment to the supplier after you have confirmed delivery.
Selling online through an escrow service is a safe way to ensure your payments are protected. The escrow company will notify you when the buyer has made payment and will hold the money for you. After payment is confirmed, you are safe to ship the order. Once the buyer has confirmed delivery, the escrow company will release payment direct into your account in a bank.