How is escrow safe?

[SebastianJu]

I won't even escrow sales that involve paypal.  If you accept paypal it is only a matter of time before you get burned, escrow or not.

You could wait the 180 days it takes for charge backs to expire. I don't think the average bitcoiner's going to want to wait half a year for their cash though.

Unfortunately that is not sufficient. Even though it is paypals time this system can still be tricked by paying something with paypal and paypal charging a credit card.

The user then can do a chargeback with the credit card after 10 months or so, in the US, i believe, even longer.

So even that waiting time would not be enough.

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[craked5]

Hello. I keep reading that members should use escrow when using paypal.  What stops buyer from a chargeback against the escrow and then escrow charge back against seller? I am looking to sell via paypal but do not want to risk chargeback. Virowox seems expensive to use although it is safe.

Even if you use an escrow for a Paypal deal, transaction can go sour since Paypal charge back can be filed up to 180 days from date of transaction if i'm not mistaken, unless escrows will release the item purchased using Paypal after the 180 day timeframe

I think you're not mistaken. I barely understand how PayPal can be used as I see everywhere that you can cancel your transfer in the 180 days after. What's the point of a transfer system if you can reverse it?

Maybe I miss some elements though

[romero121]

Escrow acts as a intermediate between you and the seller. Once you are to buy bitcoins escrow system holds the amount of you as well the seller. If both were received without much issues it will just interchange money for bitcoin with a very minimal charge. If one has transferred and the other hasn't it will just return it back. So this way you can have very secure transactions without fear of fraud activities.