How to Use eBay Escrow Services
If you want to buy or sell expensive items on eBay, you may want to know about the existing escrow services. The only purpose of an escrow service is to protect buyers and sellers from being ripped off. After the sale was made, the funds for the sale go to the escrow service, and then the seller ships the product to the buyer. Once the product has been received, the escrow service will release the funds to the seller. Unlike any other payment processor you will receive the money from your auction after the item has been received by the customer and he was completely satisfied.
In some cases, both the item and the funds go through the escrow service, and the service makes sure that the buyer gets the item, and the seller gets the money. In the case of product problem that appeared on the time it was shipped, the escrow service will take care of that. There is a small fee involved for the service, and it is usually a fixed percentage of the sale price. The buyer and seller have to decide who will pay the fees or they can even split the fees between them. The ones that will use this escrow services, will have far more greater protection than if you would use PayPal or any other payment method.
PayPal is great merchant to work with, but an escrow service is far better and you also have the guarantee that you won't get ripped off. There are many cases of sellers who used PayPal, to fraud and to decisive the buyers and most of them got away.
If you are interested in using an escrow service, than is only one service that eBay recommends, and they back that service up. The company is called Escrow.com. Over the years, many 'look-alike' escrow services, using variations of the escrow.com domain name tried to enter in this game, but they have shown to be less than trustworthy companies. If you use the services of escrow.com you will get the greatest protection.
If you don't have products to sell, then escrow.com, PayPal or any other payment tool is no use to you. If you are interested in finding millions of products from genuine wholesalers and drop shippers, you should take a look at Worldwide Brands. They have a database with over 8000 real and genuine wholesalers and drop shippers. All you have to do is tap into their database and you have one of the biggest that most sellers will never have.
About the Author:
Tudor Ciurescu is a eBay enthusiast. He owns and maintains eBay Triangulation Method - a resource for eBay hobbyists.