Escrow.com Payment REALLY, REALLY that SECURE?

Boricua · 07-07-2009, 09:40 AM

Hi you all,

What happens if a seller is proposing payment via paypal/credit card through escrow.com? Main concerns are credit cards. What happens if buyer would be making a payment or part of the payment with a credit card with escrow and the seller selected "premier service".

I believe their is still a chance for fraud, escrow.com is PST US time and I can't hold much about the excitement of getting this done.

What could happen if the buyers credit card company initates a dispute/chargeback within 30-45 days? In a realistic viewpoint; is there a possibility of the seller getting screwed and having to pay back in some other way if their is credit card fraud involved on behalf of the buyer?

Just hope this is really a BIG TIME stupid question

What you think...

derekwong28 · 07-07-2009, 10:03 AM

Escrow protects both sellers and buyers. Once a payment is accepted and cleared by escrow, then even if a chargeback occus at a later date, the seller will not be asked to pay it back.

LegitIncomes · 07-07-2009, 10:10 AM

Quote:

Originally Posted by derekwong28

Escrow protects both sellers and buyers. Once a payment is accepted and cleared by escrow, then even if a chargeback occus at a later date, the seller will not be asked to pay it back.

Yes, I believe that's correct.
When you use escrow.com, you are agreeing to their transaction terms.
I'm sure they've worded this is a way that overrides any potential charge backs.

kkchoon · 07-07-2009, 10:39 AM

Not sure if credit card charged back is protected, but you can ask specifically not to use credit card for payment... it may take longer time.

babbey · 07-07-2009, 01:34 PM

If Escrow.com approves the credit card payment we accept responsibility for any chargebacks. If you have any additional questions let me know.

Brandon Abbey
President
Escrow.com

Boricua · 07-07-2009, 08:20 PM

Quote:

Originally Posted by babbey

If Escrow.com approves the credit card payment we accept responsibility for any chargebacks. If you have any additional questions let me know.

Brandon Abbey
President
Escrow.com

BOOM!

Appreciate the PM Brandon. C. service representative (Ryan) was very helpful and very attentive to the important details...make sure to keep an eye on him. Very, very helpful team. So...so far so good

Thank you.

MemberWing · 07-07-2009, 10:42 PM

I sold $1500 domain name through Escrow.com while traveling in eastern europe.
Was managing all communication between me and escrow via scarce email connections.
Worked slow but flawlessly. Will recommend them.

Gleb

Travis Clark · 07-07-2009, 10:49 PM

I have never had any issues with escrow.com but it's good to see that reply from babbey on the matter.

Thanks

Dr Dan · 07-07-2009, 11:35 PM

Just watch out for scams where they say they want to buy and then they send you an attachment that says my terms or something like that. I fell for it about 2 years ago. Clicked on it and it hijacked my browser to a copy site of escrow.com. Luckily I had 2 computers in my office and felt something was weird when I tried calling the help desk and it was an answering machine. Called escrow.com and they helped me clear my browser of that crap.

batchos · 07-07-2009, 11:44 PM

I completed a domain transfer for just under $2,500 earlier this year with Escrow.com. The buyer paid by credit card. Everything went smoothly and timely; including the wire transfer to my bank. Excellent communication and systems from Escrow.com

batchos

Marty S · 07-09-2009, 12:39 AM

This service exists because of your specified concerns. I have used them for transactions up to $5,000. Not only secure but highly recommended for transactions of any size that would normally make you nervous.

07-07-2009, 09:40 AM	#1
Boricua www.articlesubmissions.us War Room Member Join Date: Jul 2005 Location: Puerto Rico, USA Posts: 1,312 Thanks: 12 Thanked 23 Times in 17 Posts	Escrow.com Payment REALLY, REALLY that SECURE? Hi you all, What happens if a seller is proposing payment via paypal/credit card through escrow.com? Main concerns are credit cards. What happens if buyer would be making a payment or part of the payment with a credit card with escrow and the seller selected "premier service". I believe their is still a chance for fraud, escrow.com is PST US time and I can't hold much about the excitement of getting this done. What could happen if the buyers credit card company initates a dispute/chargeback within 30-45 days? In a realistic viewpoint; is there a possibility of the seller getting screwed and having to pay back in some other way if their is credit card fraud involved on behalf of the buyer? Just hope this is really a BIG TIME stupid question What you think...

07-07-2009, 10:03 AM	#2
derekwong28 Wombat King War Room Member Join Date: Sep 2003 Location: , , . Posts: 1,621 Thanks: 118 Thanked 197 Times in 152 Posts	Re: Escrow.com Payment REALLY, REALLY that SECURE? Escrow protects both sellers and buyers. Once a payment is accepted and cleared by escrow, then even if a chargeback occus at a later date, the seller will not be asked to pay it back.
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07-07-2009, 10:39 AM	#4
kkchoon Advanced Warrior War Room Member Join Date: Sep 2007 Location: Online World... Posts: 2,920 Thanks: 96 Thanked 521 Times in 266 Posts	Re: Escrow.com Payment REALLY, REALLY that SECURE? Not sure if credit card charged back is protected, but you can ask specifically not to use credit card for payment... it may take longer time.
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07-07-2009, 01:34 PM	#5
babbey Warrior Member Join Date: Jul 2009 Posts: 2 Thanks: 0 Thanked 4 Times in 2 Posts	Re: Escrow.com Payment REALLY, REALLY that SECURE? If Escrow.com approves the credit card payment we accept responsibility for any chargebacks. If you have any additional questions let me know. Brandon Abbey President Escrow.com

07-07-2009, 10:42 PM	#7
MemberWing Gleb War Room Member Join Date: Dec 2008 Location: Ottawa, Canada Posts: 845 Thanks: 10 Thanked 104 Times in 85 Posts Social Networking Contact Info	Re: Escrow.com Payment REALLY, REALLY that SECURE? I sold $1500 domain name through Escrow.com while traveling in eastern europe. Was managing all communication between me and escrow via scarce email connections. Worked slow but flawlessly. Will recommend them. Gleb
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07-07-2009, 10:49 PM	#8
Travis Clark Active Warrior War Room Member Join Date: May 2009 Posts: 35 Thanks: 0 Thanked 1 Time in 1 Post	Re: Escrow.com Payment REALLY, REALLY that SECURE? I have never had any issues with escrow.com but it's good to see that reply from babbey on the matter. Thanks

07-07-2009, 11:35 PM	#9
Dr Dan RockStarInLife War Room Member Join Date: May 2009 Location: North Cali Posts: 1,501 Thanks: 151 Thanked 303 Times in 210 Posts Social Networking	Re: Escrow.com Payment REALLY, REALLY that SECURE? Just watch out for scams where they say they want to buy and then they send you an attachment that says my terms or something like that. I fell for it about 2 years ago. Clicked on it and it hijacked my browser to a copy site of escrow.com. Luckily I had 2 computers in my office and felt something was weird when I tried calling the help desk and it was an answering machine. Called escrow.com and they helped me clear my browser of that crap.
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07-07-2009, 11:44 PM	#10
batchos HyperActive Warrior War Room Member Join Date: Aug 2006 Location: , , . Posts: 410 Thanks: 91 Thanked 37 Times in 35 Posts	Re: Escrow.com Payment REALLY, REALLY that SECURE? I completed a domain transfer for just under $2,500 earlier this year with Escrow.com. The buyer paid by credit card. Everything went smoothly and timely; including the wire transfer to my bank. Excellent communication and systems from Escrow.com batchos
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07-09-2009, 12:39 AM	#11
Marty S Screencaster Yoda War Room Member Join Date: Feb 2009 Location: Toronto Posts: 1,454 Blog Entries: 11 Thanks: 241 Thanked 317 Times in 213 Posts Social Networking Contact Info	Re: Escrow.com Payment REALLY, REALLY that SECURE? This service exists because of your specified concerns. I have used them for transactions up to $5,000. Not only secure but highly recommended for transactions of any size that would normally make you nervous.
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