What is Escrow?

Escrow is when the buyer deposits money or assets with a secure third-party, who delivers it to the seller when the order is fulfilled. Escrow is designed to help protect people from fraud. If you plan on using Escrow for an online transaction, Escrow.com has the best reputation.

Using safe payment methods such as Escrow or PayPal is essential because it is not uncommon for wholesale scams to take place when you pay suppliers using unsafe payment methods. Unsafe payment methods include Western Union and wire transfer. These methods offer you no protection in the event that something goes wrong with your order. 

Safe payment methods are one thing you need to tackle with suppliers. You can learn more here on other important matters to discuss with suppliers.

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