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never ever use this method as royf says that is a very valid point.. or what happens when it gets returned to original seller and is damaged in shipping when the buyer did not re pack properly when they shipped it back? also who pays the return shipping? we arent talking about a few dollars shipping costs.
wait for the check to clear for sure before you ship or cash the check at the same bank that the check is made from, that is quicker and the check sender is immediately held responsible as they have an account at that bank.
buyer can also send the check certified so seller has to sign for it so they both know it arrived.
Quoted from tiesmasc:The escrow is for shipping purposes when the buyer can't come and check it...
You use the escrow agent to verify item is in condition specified by the seller...
And the escrow agent gets and verifies all the money is available before it can be shipped to the new owner.
This protects both buyer and seller and is much better than just sending a check and hoping an items gets delivered (buyer is screwed)... or shipping a pin and waiting for a check that doesn't come or having a check bounce (seller is screwed).
I'm certain it is a hassle but that is how you get protection.
ALL THAT SAID... I haven't used it... but I do believe in the value for both parties...
but the best thing to do is buy local with cash and be done...
when not possible have a friend who is local do that and get it shipped...
and then escrow if nothing else is available seems reasonable.
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