Fandom

The IT Law Wiki

Online escrow service

32,296pages on
this wiki
Add New Page
Talk0 Share

Definition Edit

An online escrow service accepts and holds payment from a buyer — often a wire transfer, check, money order, or credit card — until he receives and approves the merchandise. Then, the escrow service forwards the payment to the seller. The buyer pays the fee for an online escrow service — generally a percentage of the cost of the item.

Overview Edit

The primary purpose of online escrow services is to protect buyers and sellers from fraud.

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.

Also on Fandom

Random Wiki