Welcome to Admin Junkies, Guest — join our community!

Register or log in to explore all our content and services for free on Admin Junkies.

Is it possible to get scammed through escrow system?

Good-Person

Captain Junkie
Joined
Feb 6, 2021
Messages
48,200
Credits
0
Escrow system is a kind of system which is used by businesses. However, I have always wondered how it actually works. Do the customer need to deposit the money up front? Let's say if a customer pays for a product and approves the payment, but after some time, they believe that they were scammed. In that case, would it be possible for the escrow system to get the money back if the scammers has withdrawn money?
 
Advertisement Placeholder
When you buy something and use escrow payment, you release your payment only after you are satisfied, when you sell something, you will deliver your work only when your funds are secured by escrow. Therefore, the chances of getting scammed are negligible. I have been using escrow for a long time and never experienced any issues.
 

Log in or register to unlock full forum benefits!

Log in or register to unlock full forum benefits!

Register

Register on Admin Junkies completely free.

Register now
Log in

If you have an account, please log in

Log in

Would You Rather #9

  • Start a forum in a popular but highly competitive niche

    Votes: 9 27.3%
  • Initiate a forum within a limited-known niche with zero competition

    Votes: 24 72.7%
Win this space by entering the Website of The Month Contest

Theme editor

Theme customizations

Graphic Backgrounds

Granite Backgrounds