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Auctionbytes-NewsFlash, Number 304 - April 26, 2002 - ISSN 1539-5065      | Next Story

eBay Promotes Escrow.com Services
By Ina Steiner
AuctionBytes.com
April 26, 2002
Reading AuctionBytes: eBay Promotes Escrow.com Services

eBay announced it is offering an integrated escrow service provided by Escrow.com. Escrow services are designed to protect buyers and sellers. Typically third-party escrow services verify a bidder's funds prior to the shipping of a listed item, and hold those funds in a trust account until the merchandise has been received and inspected. There are additional charges for using escrow services.

eBay previously had an exclusive agreement with Tradenable, formerly called i-Escrow. In January, Tradenable ceased operations. Another escrow service, InsureDeal.com, has also ceased operations.

Information posted on eBay's site now says that it recommends members use escrow for transactions over $500.

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Related Stories
  • InsureDeal Escrow Service Offers Free Wire Transfers to Participating - March 07, 2001, Issue #36
  • Another One Bites the Dust: Tradenable - January 09, 2002, Issue #235
  • eDeposit Offers Safety Feature for Online-Auction Sellers - May 05, 2002, Issue #69



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