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Date: 2016-08-12

Protect Your Business With These Fraud Prevention Tips!

Although fraud is rampant on the internet, there are proven ways Buyers and Sellers can easily protect themselves.  

One of the best ways to combat fraud is by using Escrow.com (see below) and using your best judgment in all transactions. 

Use Escrow.com to Prevent Fraud

Using Escrow.com can help keep Buyers and Sellers safe from fraud. When you use Escrow.com, they collect the money from the Buyer and hold it until the Buyer and Seller agree that the terms of the sale have been met. Once both parties are satisfied, Escrow.com sends the payment to the Seller. Escrow.com is a licensed and regulated online escrow company compliant with Escrow Laws.

The Escrow.com Process – 5 Easy Steps to a Safe Transaction

1.    Buyer and Seller Agree to Terms

2.    Buyer Pays Escrow.com

3.    Seller Sends Item(s) to Buyer

4.    Buyer Accepts the Item(s)

5.    Escrow.com Pays the Seller

•    How Escrow.com protects Buyers

‒    Escrow.com tracks and verifies that the merchandise has been shipped & delivered.

‒    The Seller isn’t paid until the Buyer accepts the merchandise, or the inspection period expires.

•    How Escrow.com protects Sellers

‒    The Seller is instructed to ship only after good funds have been received.

‒    Escrow.com confirms delivery of merchandise.

‒    Escrow.com monitors the agreed-upon inspection period once delivery is confirmed.

Use Caution If Considering Another Escrow Service

Per the Internet Crime Complaint Center (iC3), a partnership between the Federal Bureau of Investigation (FBI) and the National White Collar Crime Center (NW3C), perpetrators will propose the use of a third-party escrow service to facilitate the exchange of money and merchandise. The victim is unaware the perpetrator has actually compromised a true escrow site and, in actuality, created one that closely resembles a legitimate escrow service. The victim sends payment to the phony escrow and receives nothing in return. Or, the victim sends merchandise to the subject and waits for his/her payment through

the escrow site which is never received because it is not a legitimate service.

If you receive a suspicious email or are the victim of a scam, we suggest you contact the Internet Crime Complaint Center to inform federal and state law enforcement agencies. We strongly recommend that you report fraud to local law enforcement as well.

In addition, this organization suggests that consumers and businesses visit Escrow.com for security alerts and fraud prevention tips.  For more information, please contact support@escrow.com or call 888-511-8600888-511-8600.


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