EBay has a policy of guranteeing watches sold on Ebay are authentic,so it sounds like what is going on here,an outside company offering escrow service,the way I understand how escrow works is that it holds your money until buyer is happy with the watch,then it releases the $$ to you and if he wants to return the watch,Ebay will allow it up to 7days.
(5 figures antique watches and pocket watches change hands on Ebay )
years ago a Florida shop which sells antique watches and pocket watches sold a $48K pocket watch on Ebay to a buyer in Midwest,shipped Fed Exp with insurance.
The buyer wants to return the item,so it sent a Fed Exp tag with no insurance for the buyer to return the watch.
When Fed Exp delivered the package to its store,the clerk noticed the weight is lighter,so i called the police and opened the box,the watch is not there.
They filed a police report and reported to Ebay,Ebay said they have x number of days to refund,else Ebay will do it for them.
and It should take up the issue with Fed Exp.
But Fed Exp policy is $1k for jewelry.
You should review this escrow policy and find out how it works
from escrow.com
Escrow.com will send you instructions on how to fund your account with a wire transfer from your bank.
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so no credit card payment,no chargeback.
and seller has 5 days to examine the return,
good policy for seller.
armitron watch is not expensive,I doubt your buyer opts to use Escrow as wire transfer has a fee
Quote:
Originally Posted by henryfalmore
(Post 1223283)
It was like $23.00 at walmart. it's a digital armitron. thank you love you
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THEN THERE is no need for escrow
Quote:
Originally Posted by degsey69
(Post 1223301)
The escrow pop up is displayed on the watch section when listing any value one, so basically its up to the seller to agree to it if they feel the value warrants it as it can be prohibitive for some buyers to use it and that is the only means to pay it.
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I doubt too many sellers would like to pay the credit card fee if buyer pays with his credit card. unless he has included the fee in his asking price .
If the buyer returns the watch,the reversal is considered a credit entry and there is also a small fee from the processor
In the early days of Ebay,escrow also existed for anyone who opts to use it.
It is offered by a third party
