Roundrock Home Improvement

Archive for the ‘Escrow & Real Estate Titling’ Category

Such services are widely used in online purchases of items of great value. The escrow services accept and retain payment from the buyer – usually a transfer via check, money order or credit card – until the buyer receives and approves the merchandise. Only then, when the goods are delivered, send payment to the seller. The use of this kind of services can be very useful and quite safe to buy products, but lately there have been many scams in this sector.

How it works

A seller offers merchandise for sale on an Internet auction and insists that prospective buyers to use an escrow service in particular. Once buyers make payment to the escrow service, the buyer never receives the promised goods, can not locate the seller, or the company and can not get the money back.

Tips to avoid:

Here are some tips to avoid being a victim of this scam:

• Learn everything you can about the seller. Avoid doing business with sellers you can not identify. Get the phone number of the seller to have a way to contact you. Call the telephone number to confirm it is correct. Read the rest of this entry »