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Electronics Whole Salers 4u :: What is Escrow
| What is Escrow |
| MONEYBOOKERS.COM ESCROW
Moneybookers Escrow is the Internet's best secure trading service!
Buyers
All payments are guaranteed by Moneybookers' unique secure payment system, there is no charge back risk to worry about.
A special security deposit of 2% paid by the buyer will ensure his swift action in the acceptance procedure - it is only released back to the buyer after successful completion of the transaction.
All shipments are tracked to ensure the buyer received the merchandise.
Moneybookers' proven verification procedures allow fast identification and prosecution of fraudsters.
Sellers
The seller does not get paid until the buyer accepts the merchandise or the inspection period expires.
If the merchandise is fraudulent, it gives the buyer the chance to return the merchandise and cancel the transaction.
All shipments are tracked to ensure the seller shipped the merchandise.
Moneybookers' proven verification procedures allow fast identification and prosecution of fraudsters.
How it works...
Buyer and seller agree on the purchase of the merchandise. Example: buyer wins an online auction.
Buyer initiates the Moneybookers escrow transaction by simply going to the send money page, selecting the escrow check box and following the instructions.
Seller ships the merchandise (via a previously agreed shipping service).
Buyer accepts the merchandise. The buyer has 14 days to accept the merchandise, reject it or claim non-delivery.
The payment is released to the seller's Moneybookers account. The transaction securely completed.
Fees: Our fee is paid by the buyer and is 1% of the purchase price (but a minimum of EUR 2).
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