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In conjunction with Escrow.com, CARCHEX can reduce the potential risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to Buyer and Seller instructions. Escrow services are provided by a licensed and regulated escrow company.
When to use escrow:
Escrow is well-suited for items purchased on auction sites, automobiles, motorcycles, domain names, jewelry, specialized computer equipment, and other high-ticket items.
When to use another payment service:
If you know and trust the other party involved in the transaction.
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