Online escrow



Characteristics of online transactions are actually almost the same as trade between countries, where the seller and the buyer does not meet or know each other. In the process of inter-State trade, we know the letter of credit terms. LC is issued by a bank appointed importer as a guarantee that they had handed over a sum of money required in a transaction. LC from a bank was sent to the importers bank appointed exporters, and can only be disbursed when buying and selling process has been completed. Here LC issuing bank acting as escrow. In this payment model, there is no opportunity to deceive each other between exporters and importers. Payment model above can be adopted to accommodate online transactions on the Internet. Do I need an online escrow service is open to mediate between the seller and the buyer online.
Each principal transaction has an account on this escrow service. When ordering goods occurs, the buyer to transfer some money into escrow accounts online, and will be disbursed to the seller’s account if the goods ordered have been well received by the buyer. Currently there are many online escrow services, both domestically and abroad. Examples of this online escrow service many of us find freelance job forum, auctions, and some other public services.


Subscribe to Full RSS Feed

RSS FeedIf you thing this article useful, please consider subscribing to our RSS Feed or e-mail updates and stay updated with us. You can also follow @JauhariNET on twitter for latest updates.


About The Master

I am a blogger who loves the world of interior design and exterior. And also want to try internet marketing, love sharing tips and tricks about dealing with the internet.

This entry was posted in Business, Finance and tagged , , .
Bookmark the permalink.



3 Responses to Online escrow

  1. butareza says:

    Gan kok Escrow.com enggak ada negara Indonesia ya?trus kalo sign gmn?
    Thx Bos..:)

  2. Sarimin says:

    :) buka kamus dulu..

  3. Pingback: Nurudin Jauhari

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>