Do you use escrow while earning money online?

[Good-Guy]

There could be many people who may be making good money online. Unfortunately, when it comes to making money online, there may be many scammers who may try to scam you. Considering this fact there are many people who started to use escrow services. Escrow services are the kind of services that are used by many online money making platforms. So, why you should use it?

You are protected from getting scammed

This may be the one of the most important reasons for using escrow services. When you use escrow services, you get protected by the service. You only need to pay when you get the final products. This also protects the seller as well. The buyer will only be able to withdraw money when you, as a seller, receives your payments. So, escrow service protects both the buyer and the seller in this way.

Reliable online businesses use escrow

When it comes to reliability of money making sites and platforms, many people may become skeptical. This is where the escrow payment service comes into action. This is because only the most reliable business ventures may be using this service. For example, many online businesses such as Freelancer, Upwork, etc use this service.

 

[Mika]

Just like payment gateways, Escrow has fees attached. Last time I transacted through Escrow, I had to pay $20 as disbursement fees. If you are dealing with small transactions like $50-$100, the disbursement fees can be considered very high. However, if you are dealing with bigger amount something like $500-$1000, a $20 fee is nothing. The best thing about escrow payment is you get credited directly to your bank account. There is no third party payment gateway involved. Your client pays to escrow and escrow directly pays to you