5 Common Mistakes People Make When Using Escrow (And How to Avoid Them)
Escrow services are designed to make online transactions safer. But many people still make small mistakes that can lead to delays or problems. Here are 5 common mistakes to avoid when using escrow:
Not reading the terms clearly: Every escrow service has its rules. Don’t skip the fine print. Make sure you understand the process and timelines.
Providing incomplete details: Whether it’s the product description, delivery address, or transfer instructions, unclear details can delay or even cancel a deal.
Trying to transact outside the platform: Some scammers will ask you to pay outside escrow to “avoid fees.” Never agree. Always keep payments inside the platform for protection.
Not documenting proof: Always keep records of communication, shipping receipts, and agreements. In case of a dispute, this evidence will help resolve the issue faster.
Rushing the release of funds: Only approve payment release after fully inspecting the product or service. Once funds are released, it’s harder to claim a refund.
At EscrowClass, we’ve designed our system to guide you at every step and avoid these mistakes. Our goal is to protect your money and make sure both sides are satisfied.
Avoid these pitfalls and enjoy smooth, safe transactions every time you use escrow.
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