What is Escrow Service?

A lot of times, Buyers and Sellers are complete strangers. When these two parties don't know each other, they may want to turn to a third party to mediate their transaction to prevent any kind of fraud from taking place. Escrow acts as a third-party they can trust to make sure their transaction is simple and secure. As a result, Escrow gives the Buyer and Seller confidence that their transaction will be carried out fairly and successfully. Protection for both Buyer and Seller: How Buyers are protected: LookChem.com Escrow tracks and verifies delivery of the shipped merchandise. The Seller won't get paid until the Buyer accepts the merchandise, or the agreed upon inspection period expires. How Sellers are protected: LookChem.com Escrow verifies delivery of merchandise to the Buyer. The Seller is notified to ship after LookChem.com Escrow verifies good funds.