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 Posted: 28 Jan 2016 09:11 Post subject: pandora charm i love you |
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eBay brings escrow aboard
eBay has reintroduced a service that can help protect customers from auction fraud. Escrow services help to safeguard transactions by withholding funds from a seller until the buyer receives and approves the goods. eBay has not had an escrow partner outside of its eBay Motors automotive site since I Escrow closed shop in December.
Even when they were available on eBay, escrow services were not particularly popular.
"I think people are realizing the value of online escrow services," Cole said.
eBay ugg bailey button boots chestnut representatives did not return calls seeking comment. Although such services seem like a common sense solution to the question of trust on online auctions,sellers accept escrow transactions and few bidders even ask to use the service.
Many sellers have dismissed escrow as a hassle, charging that the service is cumbersome and takes too long for them to receive payment. Meanwhile, bidders have turned to other outlets for fraud protection.
eBay itself offers insurance against fraud. The company insures buyers up to $175 in cases of fraud. In the past, most auction transactions were for less than that amount.
In recent years, eBay members have been increasingly turning to credit cards to ugg boots 5815 grey pay for and safeguard transactions. Most credit card companies UGG Boots On Sale provide fraud protection such that customers don't have to pay anything for items they don't receive.
But recent trends may encourage UGGs On Sale people to think again about escrow services. eBay has been making a big push for higher value transactions. In addition to eBay Motors, which has become one of the top categories on eBay in terms of gross merchandise sales, the company lists items such as computer and electronics products, high priced jewelry, fine art and real estate. Credit card limits are often lower than many of the high end auctions on eBay.
Meanwhile, fraud has been a persistent problem on eBay. The company says that less than 0.01 percent of its auctions end in confirmed cases of fraud. But eBay has been the subject of several securityin recent months and a growing number of people havethat their accounts have been hijacked and used to set up fraudulent auctions.
In a typical escrow transaction, following the close of an auction, a buyer sends a payment ugg bailey button boots chestnut via check or credit card to the escrow service for the purchase price of the auction item. The escrow service then notifies the seller that it has the payment in hand and asks the seller to ship the item. After a predetermined inspection period, the escrow service will send the payment on to the seller, assuming the buyer accepts the item. If the buyer returns the item, the escrow service will refund the payment.
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