Several years ago, I regularly referred people to an article published on the eBay Motors website that endorsed Escrow.com. In fact, I would say the language made it even stronger than an endorsement. I no longer see the page on the eBay Motors website, but I did a bit of research from when I previously sent people the link, and I think this is the copy that was posted before the page was removed:
“Important: Only use Escrow.com.
Using Escrow.com can help keep buyers and sellers safe from fraud. When you use Escrow.com, they collect the money from the buyer and hold it until the buyer and seller agree that the terms of the sale have been met. Once both parties are satisfied, Escrow.com sends the payment to the seller. Escrow.com is licensed and regulated company, and the only escrow service that can be used for eBay transactions.”
I shared the Ebay Motors link to this statement to deal partners to reassure them that Escrow.com was not only a licensed escrow service, but it was also recommended by a large company that facilitated third party transactions. Sharing this link was generally the final reassurance I needed to close a deal via Escrow.com. It has been a while since I needed to reassure someone that using Escrow.com is secure, but that page was helpful quite a few times.
Although the endorsement page is no longer found on the eBay Motors website, there is still one small recommendation of Escrow.com found within the eBay website: “Escrow accounts can also be used to securely transfer funds to the seller (providing that you set up the escrow account, not the seller). eBay recommends using our approved escrow service with Escrow.com.”
While this might not be as strong as what was written before, eBay recently added an integration with Escrow.com in the company’s app that was released at the end of last year. I think this shows even more confidence in Escrow.com and should be helpful in reassuring people who don’t know Escrow.com from experience. A press release announcing the news was published on Escrow.com last week:
“Ron Jaiven, General Manager of eBay Vehicles, said, “eBay Motors is the premier destination for auto enthusiasts and general car buyers looking for unique selection and great value. We always strive to make transacting on the platform more user-friendly and secure. With the introduction of Escrow.com, we’re serving an elevated experience that is unrivaled in the market for buyers and sellers alike, and is a game changer in the way users buy and sell cars on eBay.”
As the world’s most secure online payment method from a counterparty risk perspective, Escrow.com acts as a neutral third party providing eBay Motors’ customers the assurance they need to safely transact online. The service ensures the needs of the buyer and seller are treated with equal importance, and both parties receive equal levels of protection throughout the entire process. Escrow.com’s simple 5-step process ensures money transfer and vehicle delivery with every sale. Escrow.com will ensure every party receives what was agreed on, every time.
Previously, Escrow.com has been a recommended payment method on eBay since 2000. This new partnership is the first time the payment system has integrated into the product.”
I don’t recall needing to provide additional reassurances to a buyer or seller about using Escrow.com in the recent past, but I think this integration would be helpful to allay concerns someone might have.