I actually donot understand much about bidpay or Escrow, but Escrow appears secure. I do want to purchase a vehicle utilizing one of these simple payment methods.
Basically am purchasing a merchandise online via bidpay or escrow is there in any manner I will be cheated? It appears secure for that customer, but perhaps I want even more caution if anybody might help.
From what I study in my opinion Escrow and Bidpay equally possess the same process:
1. Keep an eye on the move
2. Make certain the customer (me) has got the cash he claims he does
3. Maintain the cash secure for XXX period of time
4. Manage and monitor the shipping of the products
5. Verify in the customer the products have now been received
6. Deliver the cash towards the vendor
Our primary issue is:
May the vendor reach my cash before I obtain the item?
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