Bogus escrow
Okay kiddo, imagine you want to buy a toy from someone who lives far away from you. You found someone who says they will sell you the toy, but they are worried that you won't pay them. So they suggest using an escrow service to help with the transaction.
An escrow service is like a referee that makes sure both the buyer and seller follow the rules. They hold onto the money from the buyer until the seller sends the toy to the buyer. Then, the escrow service releases the money to the seller.
But sometimes, some people pretend to be an escrow service even though they are not. They might make a fake website that looks like a real escrow service, or they might pretend to be someone else. Once the buyer sends the money, these bogus escrow services will keep the money and never send the toy to the buyer.
So, it's important to make sure you are using a real escrow service and not a bogus one. Make sure to do some research and check if the escrow service is legitimate before sending any money.
An escrow service is like a referee that makes sure both the buyer and seller follow the rules. They hold onto the money from the buyer until the seller sends the toy to the buyer. Then, the escrow service releases the money to the seller.
But sometimes, some people pretend to be an escrow service even though they are not. They might make a fake website that looks like a real escrow service, or they might pretend to be someone else. Once the buyer sends the money, these bogus escrow services will keep the money and never send the toy to the buyer.
So, it's important to make sure you are using a real escrow service and not a bogus one. Make sure to do some research and check if the escrow service is legitimate before sending any money.