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An escrow is an independent third party that ensures the safety of a transaction between a buyer and a seller on the forum.
The escrow service fee depends on the deal amount:
Up to $100: $10 (fixed fee) or refusal
From $100: 10% of the deal amount
Escrow fee is non-refundable in case of deal cancellation.
Should a seller decline to utilize the services of the escrow agent, and if there exists forum correspondence with a direct reference to this refusal, the seller may face a ban as a potential scammer.
Escrow Working Principle:
1. The parties contact the escrow to conduct the deal.
2. The escrow adds the parties to a group (do not add the escrow yourself!).
3. The buyer transfers the funds to the escrow (including the escrow service fee).
4. The escrow verifies the item.
5. The escrow sends the item to the buyer and the funds to the seller.