Escrow

Discussion in 'Growing and Managing a Business' started by JPM, Aug 6, 2011.

  1. JPM

    JPM
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    Can anyone tell me if it is normal to be still waiting for payment to be taken from my account after 5 business days, for a purchase using Escrow?

    I contacted them and they said speak to my bank, my bank said speak to Escrow! Confused!
     
  2. sigma

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  3. JPM

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    Thanks for the info' but I have selected the payment method and been informed that it would be 3-5 business days, but nothing.

    It was for 2 websites bought from Flippa.
     
  4. sigma

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    If this is the case, you shall contact escrow
    Here is the contact info https://www.escrow.com/contact/index.asp
     
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  5. JPM

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    Thanks Sigma, but as I said in the OP, they said contact my bank, I did and my bank said speak to Escrow!
     
  6. Fergal

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    I'm assuming that you were the seller of the sites? If so, have you contacted the buyer to ask if he / she has claimed the payment from Escrow?
     
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  7. JPM

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    I'm actually the buyer Fergal, I think we are going to faceless it and use another method though.
     
  8. Fergal

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    If Escrow have tried to take the money from your bank account but have been unable to do so, Escrow should be able to tell you the reason they can't take it as reported to them by your bank. From what you say it would seem that it's up to Escrow to resolve the issue, either by giving you some specific info that you can go back to your bank with or by taking the money from your bank account. I've used Escrow as a seller twice in the past and it worked very smoothly on both occasions.
     
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  9. JPM

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    Apparently, according to my bank, they haven't even tried. However, we are going to proceed with a different method anyway. Thanks again guys.
     

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