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How does 'escrow' payment work?

Started by d_gummow, 10/08/2008 07:47PM
Posted 10/08/2008 07:47PM Opening Post
An escrow arrangement seems like a safe way to conduct a transaction -- but who brokers the escrow?
Posted 10/08/2008 09:34PM #1
Don Gummow said:

An escrow arrangement seems like a safe way to conduct a transaction -- but who brokers the escrow?

This is the way I look at it: If you are worried about the trustworthiness of the other party, avoid the transaction. Many internet scams involve "Escrow Brokers" who are actually in cahoots with the other party.

YMMV

Jon