Originally posted by "rippinrol"
Hey brush whats escrow service some type of paypal?
Did I ride with you at the last CATRA DRN ride? :think:
You got the blue van?
Yes I have the rusty blue van. Didn't you get hung up on a certain steep uphill ;)
An escrow service is a company that acts as a neutral third party. You send the money to them. The seller sends the bike to you and once you are satisfied that the bike is as promised, they release the funds to the seller. If you decide to send the bike back (at your cost), the escrow service holds onto your cash until the seller verifys that the bike is in the same condition that they sent it to you. That way it protects both the buyer and the seller. Naturally they charge a fee for all that. For items less that $100, I'll take my chances after looking at feedback, but if I was going to fork over $4000 to a total stranger for a bike, I'd want the extra security.