subject: Safely Purchasing on the Web with Escrow Services [print this page] Definitions on this term can be found all over the internet, which people can find pretty confusing at first so in a nutshell; an Escrow Service is a third party agent that will provide the safe keeping of data, source code, cash, securities, documents or anything of value on the proviso that these be handed over upon completion of contract or some condition. Easy, eh? Read that last bit again, methinks. So, if I want to trade online in a secure manner, how do I do it? What will stop some random guy raking in my hard earned cash and sending me nothing? The internet makes communication easier but how can you be sure of whom you are dealing with? What safeguards can you put in place, for you as a client or a merchant? This is where escrow companies come in and thanks to these unsung heroes of the internet we can all conduct a normal online life of viewing, trying, selling and buying. In recent years Guardmann Escrow Services has seen a jump in the growth of internet escrow companies due to sites like Ebay - and a multitude of other buying and selling websites online. What the service does is ensure that the funds are verified for the seller and simultaneously allows the buyer to check the goods are as advertised before the financial transaction is completed. Thanks to escrow companies the chances for fraud to be committed on these commercial transactions is nil. If you are unsure of any company you might be dealing with, please take time to search for a reputable escrow service, preferably in the country you are completing the transaction in. If you are at all unsure, check with a government authority. Good luck from Guardmann Escrow Services - we wish you many happy transactions!
