What are the steps to use Escrow service?

Step 1: Buyer and Seller Agree to Terms Either the Buyer or Seller signs in and creates a transaction. The information in the Escrow Order form include: Contact details of both parties Length of inspection period A test organization accepted by both when dispute appears. (such as SGS,etc.) Delivery options Party responsible for paying the escrow fee and shipping costs Purchase order details and Pro-Forma Invoice The initiating party confirms the information entered, and agrees to the escrow instructions. The other party is notified by e-mail or fax, to sign in and agree to the terms of the transaction provided by the initiating party. After both parties have agreed to the terms, the Buyer will be asked to submit payment to LookChem.com Escrow. Step 2: Buyer Pays to LookChem.com Escrow Escrow Service is free, and the total transaction and plus T/T related fees should be paid by buyer or supplier after discussed. Step 3: Seller Ships Merchandise to Buyer The Seller ships the merchandise to the Buyer using an approved delivery service. After the Seller has shipped the merchandise, they must notify LookChem.com Escrow and provide the tracking information. The inspection period will not begin until we confirm delivery of the merchandise. Step 4: Buyer Inspects the Merchandise When the Buyer receives the merchandise, the inspection period begins and the Buyer must inspect within this period and decide whether to accept the goods. Step 5: LookChem.com Escrow Pays the Seller If the Buyer accepts the merchandise, LookChem.com Escrow will disburse the funds to Seller via wire transfer. Payment is sent to the Seller with escrow fees and shipping costs deducted, if applicable.