Dealing with strangers on the internet is hard, you know? It seems dangerous and fraught with peril to hand someone over your money. Fortunately, you can use a middleman – called an escrow – to mitigate some of that risk.
In essence, the gist of it is:
The buyer sends the escrow money.
The buyer and seller trade goods.
If the buyer is satisfied with the goods, then he tells the escrow.
Then the seller gets the money.
I’m figuring this out for the first time, so one of the first websites I found was escrow.com – but it was still very confusing. So here for you, I’m copy and pasting my entire chat with their support, so you know the ins and outs of escrow.
The logistics of buying accounts
What happens if the buyer rejects the transaction? e.g. fraudulent goods
Fees + what about if we’re using different currencies? e.g. AUD <-> USD
Do both users need an account for the transaction to go through?