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How does an escrow service protect buyer and seller from fraud?

April 26, 2017buyer escrow fraud protect seller service

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How does an escrow service protect buyer and seller from fraud?

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The buyer pays the escrow service, not the seller. The seller then ships the merchandise to the buyer, who inspects the goods before the escrow service releases funds to the seller. The seller is guaranteed payment for their goods, as the payment is sent to them by the escrow service as soon as the buyer inspects and approves the purchase.