Escrow.com is Officially Live for all U.S. eBay Watches Users
eBay has made buying and selling luxury watches safer and more convenient - by incorporating the Escrow.com service to hold funds securely until transactions are completed satisfactorily.
SAN FRANCISCO, April 27, 2021
Escrow.com today launched its service to all eBay users who are buying or selling luxury watches valued at $10k USD or more. Now, anyone looking to buy or sell such high-end watches on eBay Watches can shop and sell with the confidence of having funds held in escrow until the buyer receives and accepts the watch.
This formidable partnership also serves to increase the seller’s confidence by vetting buyers of these high-value watches.
Jackson Elsegood, General Manager of Escrow.com, says, “Buying a luxury watch is an exciting, once in a lifetime experience. Which is why Escrow.com has partnered with eBay Watches to offer online buyers the ultimate peace of mind: getting to hold the watch in your own hands, knowing it is authentic, before your funds are released.”
eBay Watches is a long-time leader in the luxury watch space and offers a wide selection, including top brands, rare pieces, and more. On average, the site features more than 150,000 live listings every day. In 2019, over 2 million watches were sold through eBay Watches, and 8 million were sold between 2017 and 2019.
The most expensive timepiece to sell on eBay Watches was a Patek Philippe Grand Complications Watch that went for $535,499.99, followed by a Richard Mille RM11 Flyback Chronograph Rose Gold Titanium Watch that sold for $148,000.
When dealing with unknown parties, it’s natural to be concerned about fraud, especially when it comes to vast sums like these.
Now, all domestic watches from sellers in the U.S. valued at over $10,000 can be paid through Escrow.com.
Not only is the process simple, but, both parties are protected throughout their entire transaction.
To make things even easier for both buyer and seller, we recommend using eBay’s Authentication Guarantee program for watches over $2,000. Their complimentary service includes:
- Professional authentication by a team of independent experts;
- Secure signature delivery; and
- No cost to you, eBay covers all costs of the authentication process.
They also cover any fees charged by Escrow.com for use of their service when purchasing eligible watches.
Our partnership brings you peace of mind by reliably managing your Rolex, TAG Heuer, OMEGA, or any other luxury watch transaction from start to finish.
Winner of the 2017 BBB Torch Award for Ethics for Silicon Valley, San Francisco and the Bay Area, Escrow.com is the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet, having safely processed over US$5 billion in transactions. Founded by Fidelity in 1999, Escrow.com reduces the risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to Buyer and Seller instructions.
Escrow.com is a subsidiary of twelve-time Webby Award winning Freelancer.com, the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN.
eBay Inc (NASDAQ: EBAY) is a global commerce leader including the Marketplace and Classifieds platforms. Collectively, we connect millions of Buyers and Sellers around the world, empowering people and creating opportunity for all. Founded in 1995 in San Jose, California, eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. For more information about the company and its global portfolio of online brands, visit http://www.ebayinc.com.
For more information, contact:
|Jackson Elsegood||General Manager|
|Tel||+1 650 353 9286|