When you’re facing an important, maybe high value transaction, it can be daunting to not know the person on the other side of it. Whether you’re buying an item or paying for a service or, indeed, selling the item or providing that service, it’s reassuring to know that the payment will be secure until the transaction has taken place. This is what an escrow service does. Escrow is the process whereby a third party holds on to funds while a transaction takes place, until such a time that all parties are happy to release the funds. The job of the escrow service is to simply ensure that everyone sticks to their side of the bargain and to keep the money safe until both parties are ready.
What is escrow?
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That's really interesting
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