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The article has been updated successfully.Can I use an Escrow Service with your company?
Do you use any escrow companies?Yes. GameTag will work with any major escrow 3rd party middleman company.
What is an escrow service?
An accredited escrow company will act as a secure third party to protect the Buyer and Seller.
What escrow companies do you use?
- MoneyBookers
- Escrow.com (PayPal Enabled)
- Any other major company.
How does it work with MoneyBookers?
Buyers
- All payments are guaranteed by Moneybookers' unique secure payment system, there is no charge back risk to worry about.
- A special security deposit of 2% paid by the buyer will ensure his swift action in the acceptance procedure - it is only released back to the buyer after successful completion of the transaction.
- All shipments are tracked to ensure the buyer received the merchandise.
- Moneybookers' proven verification procedures allow fast identification and prosecution of fraudsters.
Sellers
- The seller does not get paid until the buyer accepts the merchandise or the inspection period expires.
- If the merchandise is fraudulent, it gives the buyer the chance to return the merchandise and cancel the transaction.
- All shipments are tracked to ensure the seller shipped the merchandise.
- Moneybookers' proven verification procedures allow fast identification and prosecution of fraudsters.
How it works...
- Buyer and seller agree on the purchase of the merchandise. Example: buyer wins an online auction.
- Buyer initiates the Moneybookers escrow transaction by simply going to the send money page, selecting the escrow check box and following the instructions.
- Seller ships the merchandise (via a previously agreed shipping service).
- Buyer accepts the merchandise. The buyer has 14 days to accept the merchandise, reject it or claim non-delivery.
- The payment is released to the seller's Moneybookers account. The transaction securely completed.
How does it work with escrow.com?
- Buyer and Seller Agree to Terms
After registering at Escrow.com, both parties agree to terms of the transaction, which includes a description of the merchandise, sale price, number of days for the Buyer's inspection, and any shipping information.
- Buyer Pays Escrow.com
The Buyer submits an available payment option. Escrow.com verifies the payment. Processing time varies by payment method.
- Seller Ships Merchandise
Upon payment verification, the Seller is authorized to ship merchandise and submit tracking information. Escrow.com verifies that the Buyer receives the shipment.
- Buyer Accepts the Merchandise
The Buyer has a set number of days for an inspection and the option to accept or reject the merchandise. For more information, FAQs - Return Questions.
- Escrow.com Pays the Seller
Escrow.com pays the Seller by the method selected by the Seller. The transaction is complete.
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Last Updated
27th of March, 2012
