What is Escrow?
Escrow is a third party that holds money within a trust until the seller sends the item to the buyer.
Why use Escrow?
When being involved in any transactions between a BMBOOT user, we recommend you can use a secure and safe service such as Escrow.com.
An Escrow service acts as a neutral third party in a transaction. Accepting payment for the item from the buyer until the seller dispatches the item to the buyer. Once the buyer receives their item and is happy with the item, the escrow service releases the funds to the seller.
How It works?
1. Buyer and Seller Agree to Terms
Both parties agree to terms of the transaction, which includes a description of the merchandise, sale price, number of days for the Buyer's inspection, and any shipping information.
2. Buyer Pays Escrow.com
The Buyer submits an available payment option. Escrow.com verifies the payment. Processing time varies by payment method.
3. Seller Ships Merchandise
Upon payment verification, the Seller is authorised to ship merchandise and submit tracking information. Escrow.com verifies that the Buyer receives the shipment.
4. Buyer Accepts the Merchandise
The Buyer has a set number of days for an inspection and the option to accept or reject the merchandise.
5. Escrow.com Pays the Seller
Escrow.com pays the Seller by the method selected by the Seller. The transaction is complete.
Click below to setup up a transaction between you and another BMBOOT user via Escrow.com and remain safe..
Please note, Escrow.com are independent of BMBOOT and their service will be provided under a separate terms of conditions.