How does Escrow work?
By following this process, C&B Logistics Inc. aims to complete transactions safely and securely, providing a trusted third-party platform for buyers and sellers to conduct their business with reduced risk of fraud.
Agreement on Terms
The buyer and seller agree to transaction terms, initiating the process with C&B Logistics Inc.
Buyer Payment
The buyer submits payment to C&B Logistics Inc. through an approved payment method. Upon payment verification, C&B Logistics Inc. notifies the seller that funds are secured in escrow.
Shipment by C&B Logistics Inc.
After payment verification, C&B Logistics Inc. ships the merchandise to the buyer and provides tracking information.
Buyer Inspection
The buyer has a specified period to inspect the merchandise and can either accept or reject it. If the buyer accepts the merchandise, the process continues.
Payment to Seller
C&B Logistics Inc. releases funds from the escrow account to the seller once the buyer accepts the merchandise.
Buyer Rejection
If the buyer rejects the merchandise, they are refunded in full within 24 hours, and the return shipping is free of charge.
Escrow Accounts
When engaging in a transaction through C&B Logistics Inc., your funds are safeguarded within a secure, non-interest-bearing trust account until the completion of the transaction. This guarantees the protection of your transaction against chargebacks, fraud, or inaccurately described goods.
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