Social Business and Real Estate

What is an Escrow and in which case you use an escrow service?

The Escrow companies are using a trust, a play the role of a mediator and administrator of the payments, especially for business web, where contracts are signed between buyers and sellers.

They hold the payment until the buyer arrives at the customer bought goods in good condition and submit the following within a specified period of time agreed in advance. If you encounter any problems related to the nature of the goods supplied (not in accordance with the stipulations in the con-tract), these companies can assume the role of mediator.

In the context of online auctions or other transactions on the Internet, one wonders whether this is always a scam, for example, if the buyer does not pay the seller, or vice versa, if the seller will never send the material to be auctioned. Escrow companies exist precisely to ensure that the companies carrying out commercial transactions on the network is only getting paid when the product will be sent home buyer and controlled by it.
Prevention
What are the dangers of Escrow services and how can I protect myself

Besides the most renowned companies of this kind, such as Escrow.com, there are a large number of identical fraudulent services that keep the payment for themselves. Auctions more attractive and often more daring work with fake escrow services. The seller, the buyer will indicate a payment service accomplice. The scam is so done.
Once payment is made, the customer will never see the product, much less a refund of the amount spent.

The appearance of the websites of these companies may be of poor quality, or to be exact copies of Escrow.com.

However, there are some clues and possibilities to reveal a fake from a real:

# Make sure the firm choice for this type of service has an address and a phone number real and valid. The company if only one voice (maybe a little “professional”), please: switch to another company.
# Send an email message to customer service, just to see if anyone responds.
# Avoid pages Escrow companies that have a suffix. Org. Intermediary firms have profit and therefore do not use the extension. Org, which is in principle reserved for public interest organizations (humanitarian).
# The Escrow companies rely on a banking relationship clear. The company will ask you to make payments through Western Union or similar money transfer services are almost certainly fraudulent activities.
# Number of pages false Escrow services provide the same authorization number, as the number 963-1867, which is clearly attributed to Escrow.com. If this number is supplied by a company other than the original Escrow.com, you are definitely in the presence of a false, so beware.

In general, even with the slightest doubt about a company, you should change and look for a more reliable partner.

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