How does escrow thing works??? Plzz explain me

[edric]

can anybody please explain me how the escrow thing works....
Thanks in advance

Escrow is when two people want to engage in a transaction and need a third independent party to hold something until the transaction is complete.  For example, if I want someone to ship me something but don't want to pay until it arrives, but they don't want to ship it until I pay, then we can use an escrow service.  I pay the escrow company.  When I receive the item, I tell them and they release the payment to the seller.  If there is a dispute, there is a formal resolution process and reputation for future sales are on the line.

[Amph]

I'm wondering how can sombody be called scammer for not accept escrow?
I understand that there is lot of scammers around the forum, but escrow need 3rd person.
It never could be 100% safe, my funds my choice.

usually those same guy are doing also paypal trading, or are newbie or hav ea very shady history

i'm sure that with an experience trusted user, many don't need an escrow

for example i traded with hedgy73 last time, he even sent first without escrow and he has more trust than me

everything went smooth, i think i can do the same with a few member on here

[pjsonowal]

thanks guys ur replies helped me a lot...thanx for replying.......

[maokoto]

So, instead of trusting the other person you trust in the escrow person (who has a lot more reputation, but still can run away with the money). Am I right?

[--Encrypted--]

So, instead of trusting the other person you trust in the escrow person (who has a lot more reputation, but still can run away with the money). Am I right?

yes. that's why it's wise to choose an escrow with really high rep for your safety.