Friday, April 28, 2006

Tips to Avoid Online Auction Fraud Part-5.

Use an Escrow Service

For higher priced items you should consider an escrow service. An escrow service acts as a middleman between the buyer and the seller to ensure a fair transaction.

The escrow service holds the item and the money until the buyer has inspected and approved the goods. Only then does it release the money to the seller.

The only downside is that it will cost the buyer extra to use this service. However, it is something to bear in mind when buying more expensive items.

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