escrow account

November 7, 2009 10:36pm CST
what can you say about an escrow account? can you say the account an escrow if it is in a condition of paying first the cost of transfer before the release of the fund?
1 response
@dianmelydia (2272)
• Indonesia
8 Nov 09
I think escrow can make our transaction become more reliable and safe. No one want to be scammed on the internet transaction especially when we buy something from someone who has no good reputation on the internet, which usually happened on online auction services. I think by using escrow, we can pay the money to the escrow service first and tell them when we receive the goods in good condition as well as said on the transaction deal. But if we receive bad goods we can complain it to the seller and if the seller won't to give return for that goods, we can tell the escrow for send back the money to us by sending them all the details about that bad goods as evidence. I think this system is for customer protection so it's a good thing especially on internet business which we perhaps never meet the seller face to face. Have a nice day and happy mylotting.
• Philippines
8 Nov 09
well that is a nice answer my dear, thanks for that. i am asking for some help for an escrow account, however i don't want them to think that this is an scam. with your comment, i can say i my account from this url is an escrow account. what about more of a technical definition or explanation you can say about an escrow accounts? do you really mean an escrow about you have explained is already what you did or are doing so far in terms of experience?