I've used escrow on this forum before for trading securities (friedcat shares), but how does escrow work for buying/selling physical items?
Does the seller mail the item to the escrow while the buyer pays to the escrow? And then the escrow is responsible for mailing the item to the buyer?
Also haven't been active in a while. Any ideas who are the most popular escrows these days?
Thanks.
Does the seller mail the item to the escrow while the buyer pays to the escrow? And then the escrow is responsible for mailing the item to the buyer?
Also haven't been active in a while. Any ideas who are the most popular escrows these days?
Thanks.
The buyer sends the money to the escrower then seller sends the item to the buyer. When the buyer has received the item he tells the escrower and he releases the funds. Make sure to send the item via signed-for delivery service in case of disputes.
