Protect Your Purchases Before You Even Get Them

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Internet sales have been on the increase since the early 90's due to the convenience it provides. Consumers have gotten accustomed to shopping on store websites and auction sites such as Ebay and Craigslist from the comfort of their home. However, with this rise in popularity also comes increased risk for misrepresentation and scams. In order to help prevent such issues, many of the largest auction sites on the internet suggest the use of online escrow services for purchases over a certain dollar amount,usually $500.
Online escrow services allow a buyer to receive a purchased item and perform an inspection before releasing the funds to the seller. How many times have you ordered something fragile, only for it to arrive broken? What if the person you are buying a service from ends up being a fraud or if they don't actually provide the service that they guaranteed? What do you do when you find the item you've been looking for for years, but you aren't sure if you can trust the person that's selling it? Well, in these situations, unless you are using an online escrow service, your options are probably extremely limited and you may find yourself wishing you hadn't wasted your hard-earned money.
There are many online brokers out there who only care about getting paid and not about developing a customer that will return time and again. Certainly, these sellers are out there and should be avoided no matter what. They pressure buyers to pay in full for products or services without any guarantee that the products will arrive as described or that the service will be completed within the time frame agreed upon. What guarantee is there that you can trust the vendor you want to use for your transaction? Well, for the most part, you can never be absolutely sure. Unless you use an online escrow service.
Escrow services put the trust back into online shopping. Companies like Safefunds.com and EscrowsRUs.com can act as neutral third parties for high dollar transactions. It's simple to get started. Either party can provide information about the details of the transaction. Once the details are provided, both of the parties are notified by email. Both of the parties verify the details and the transaction is started. The person buying sends the funds for the transaction to the escrow company, who will then hold the funds in a dedicated non-interest bearing account. The online escrow company notifies all of the parties that the funds have been received and that the person selling the item can now ship the item or perform the service. The buyer receives the item or service and then completes an inspection to authenticate that the condition matches what was advertised. Once satisfied, the funds are given to the seller.
This process provides additional protection that other services do not offer. With online escrow, buyers are given the peace of mind that they need when buying high value products. Sellers no longer have to worry about fraudulent credit card charge backs or false disputes being filed. This wayboth sides win. Online escrow sites like Escrow.com and EscrowsRUs.com have shown by their actions to protect internet consumers and online vendors.

Article Source: http://depositarticles.com/

Allen Davis is the owner of Escrows R Us, an Online Escrow Service, that has helped guard thousands of online consumers and vendors in online transactions since early 2006. He and his company have facilitated thousands of transactions without issue.

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