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What is Traders Escrow ?
Traders Escrow is recognized as one of the premier online escrow services on the internet.
Traders Escrow enables two parties to engage in a sale without risk.
Traders Escrow service acts as an intermediary, unbiased trusted third party, working as a secure depository wherein, it is a possibility
to put an amount in safe custody(in trust) until a predefined /fulfillment of a condition or conditions is met. When the
condition is met, Traders Escrow, as the escrow agents executes the release to the predefined
receipient and destination.
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Why should I use Traders Escrow ?
Traders Escrow protects both the Buyer and Seller in a transaction. The main reasons for using the Escrow Services are risk limitation on both
payment as well as delivery, combined with safety, convenience and processing
speed. It reduces the risk of fraud by serving as an unbiased third party that collects,holds and disburses payments according to the Buyer and Seller transaction. The payment is not released until the item has been received. The entire
process is secure and essential to anyone who regularly participates
in online trade such as eBay users.
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What does escrow cost?
You can view the Traders Escrow fee schedule here.
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What payment types are
accepted?
Traders Escrow accepts Credit Cards only through PayPal,wire transfers, money orders, cashiers and certified cheque payments from the Buyer. Sellers,
however, have several choices for receiving payment. See the
fees page for details.
Note :
that certain payment types are limited to transactions in specific
countries and currencies, and international buyers are advised that the fastest
method of payment is wire transfer. International checks, international money
orders, or any currency other than that specified for a transaction is not
accepted. TradersEscrow.com, at its sole discretion, reserves the right to limit and/or refuse a
payment type
(such as PayPal) for any transaction.
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How do I start a new escrow
transaction?
Simply login to your account and follow the instructions from
the home page. You will need the name, email, and address of the
other party in your transaction.
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Who can start a
transaction?
Either the Seller or Buyer may start a transaction.
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Who pays the fees?
The Buyer normally pays for the fee, but, during the Agreement Phase of the transaction, both parties -the Buyer and Seller may negotiate as to who will pay the escrow fees. Either the Buyer can pay the fees, the Seller pays, or the Buyer and Seller each pay half of the escrow fee. In the event of a rejection of the merchandise or cancellation of the transaction, the Buyer is responsible for escrow fees, return shipping fees, and original shipping fee if the Buyer agreed to pay. The escrow fee and any original shipping fees will be taken out of the original payment made to Traders Escrow.com.
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What happens next?
After submitting a new transaction, both parties will receive a
confirmation email with further instructions and access to their
Status page.
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How long does the process
take?
After Traders Escrow has received payment from the Buyer, the Seller has
a maximum of 10 business days to ship the item or payment will be
refunded to the Buyer less processing fees. However, the duration of the escrow process takes as long as it takes to make an
international money transfer, which may be arranged at the same time that the
transport is organised. The whole transaction can be processed in a limited
number of business days, depending on the characteristics and terms of the
transaction.
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