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Buying and Selling Safely |
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How is Place-An-Ad.com safe?
We have partnered with an online escrow service to make your transfer of goods
safe, quick, and easy.
What is an escrow service?
An escrow service is an impartial, independent 3rd party transaction service
that is legally licensed to hold people's money in trust. It benefits buyers
and sellers by facilitating the transfer of goods for safe payment and adds an
extra level of security and convenience. We have partnered with the industry
leading escrow service, Escrow.com, to provide this service to our users.
How does the Escrow.com service work?
Escrow is a tightly controlled and efficient process which allows quick and
easy transactions while making it nearly impossible to commit fraud. There are
five basic steps:
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The buyer and seller agree to the terms and details of the transaction
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The buyer sends payment to Escrow.com. Payment is verified and deposited into a
trust account.
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The seller ships the merchandise to the buyer, knowing that the buyer's payment
is secured.
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The buyer accepts the merchandise after having the opportunity to inspect it.
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Escrow.com pays the seller after all conditions of the transaction are met.
What are the benefits of using an escrow service?
Advantages for both seller and buyer:
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Buyers and Sellers Know What to Expect: The buyer and seller view and
agree to terms before the transaction begins.
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Payments are Guaranteed: Instead of sending payment directly to the
seller, the buyer sends payment to Escrow.com where it is held in a trust
account.
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Shipments are Safe:
The seller may feel safe when shipping the merchandise to the buyer, knowing
that the buyer's payment has been verified and is safely held by Escrow.com.
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Inspect Before You Pay: If the buyer and seller agree to an inspection
period, the buyer may examine the merchandise before payment is released to the
seller (and if the buyer rejects the merchandise, the seller may inspect the
merchandise upon return before payment is refunded to the buyer).
For more information about Escrow.com visit their web-site at
www.escrow.com.
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