Not all transactions using escrow are scams, right? I am selling a vegistroke kit, and the guy wants to use escrow.com. I talked to him on the phone for a while, and he is a member on tds. Seems pretty legit to me. Escrow.com is a reputable site?
On the TDS forum, my participation started in Sept 2008. My handle there is "vegoilrecycler".
I've owned my 2000 F250 2WD CCSB 6-spd 7.3L since 2004 and put 129,000 miles on her since then. I've done the crankcase vent mod (2009), the overhead console soldering circuit board repair (2010) , Hypertech programmer (in 2004), 4-inch flowmaster exhaust, and a Pioneer DoubleDin NavRadio AVIC-D1 (2005), glow plugs (2010), and all other maintenance myself.
I'm not 100% married to using escrow.com but since I intend to purchase an item over $2,000 in value and have it shipped from IL to TX, I'm not totally comfortable sending 100% of the $$ up front unsecured.
This is how I understand the escrow service would work between two parties (RPM and myself).
My payment for the item would be put in the possession of a 3rd party escrow service prior to asking RPM to ship the item. The shipping of the item is tracked by the escrow service all the way to arrival. I would then have 3 or 5 days to accept the shipment. If I accept, my payment is available to be wired to RPM. If I reject the item, I MUST send it back immediately and the $$ I've paid gets returned to me AFTER I've sent the item back and it's been received by the original shipper/seller.
from what i have read, there are 2 escrow service out there. the secure site, and the unsecure one that the scammers use.
there is a way to tell if it is a secure site. it will have some kind of small pop-up like banks use for their online banking sites.
the scammer escrow services do not have that link.
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