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What is escrow?

If you’ve ever purchased a home – or even looked into the process behind purchasing a home – you’ve probably seen the term ‘escrow’ quite a bit. In the most basic layman’s terms, an escrow account is simply a bank account overseen by a neutral third party; usually associated with high-value purchases. But escrow accounts […]

Online Transactions: Two Important Steps

Consumers can buy and sell pretty much anything online. Cars, firearms, jewelry, electronics, fine art – all of these items can be found with a simple Google search that will yield results on any number of auction and classified ad sites. Anymore, finding what you want to buy is the easy part – it’s protecting […]

The Surprising Payoff Behind Online Scams

In recent years phishing schemes, ransomware, and outright hacking have become extremely profitable for scammers. Because of the prevalence of online transactions both large and small, and the interconnectivity of both mobile and desktop devices, online thieves have been making a good living off of those who are unprepared. The infographic below, put together by […]

Alibaba’s IPO – What It Means for Escrow

On Thursday of last week the Alibaba group, a collection of Chinese-owned online marketplaces, opened its initial public offering on the New York Stock Exchange and quickly set records as the largest IPO in the exchange’s history. While there has been much discussion over the last 12 months or so regarding what Alibaba’s IPO would […]

Using Escrow to Buy and Sell Machinery Through Sites like MachineTools.com

As businesses have come out of the Great Recession the demand for quality used equipment and used machinery has grown significantly. Websites like MachineTools.com have become a go-to resource for business owners who are looking to buy and sell machinery to a wider audience beyond their local auction houses. These online machinery auction sites bring […]