What is Escrow?
Escrow is a legal process that allows properly registered companies to act on behalf of buyers and sellers in certain transactions. Companies such as Escrow.com must met stringent government regulations to provide escrow services. Place your mouse here for a legal definition of escrow..
As a Seller, Why use Escrow Services?
Escrow adds trust to the transaction. Our agent, Escrow.com is a fully licensed and regulated escrow company. This is an important ingredient for both seller and buyer. Place your mouse here for more information..
As a Seller, What are the Fees I pay?
Escrow fees for payments via check, money order or bank transfer range from 3% to .85% of the sale price. In addition there is a processing and handling fee of approximately $50 to $150 US depending on the value of the transaction. For more information escrow fees, click here.
When can I Expect to Receive Payment?
Once the transaction is finalized - meaning the buyer as accepted shipment - you will receive your funds usually within 7 working days depending on your location.
How does Tall Ship Models.com Represent Me in the Transaction Process?
We are your agent appointed by contract and act on your behalf throughout the process. You must approve all accepted offers via FAX transmission prior to the buyer making payment.
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How Tall Ship Models.com Benefits The Ship Owner/Modeler Through Our Marketing Plan
- The Escrow Process Protects the Transaction and Your Investment
When you come to agreeable terms with a buyer the entire selling process is handled via our escrow services using Escrow.com. This method provides you with protection against fraud and deception and assures that the money is good before you release your model to the buyer. More about the escrow process is detailed below.
- Your Model is Listed at its Fair Market Value
To assure that your model will receive interest from potential buyers we assist you by providing you with our "Mark of Value". This lets the buyers know that your model is posted at its fair market value. In turn this provides you with the opportunity of selling your model at a fair price in the shortest possible time. Although this service is optional and free, we highly recommend it as it is the buyers sign of your serious interest in selling your investment.
- Our Marketing Plan is Risk Free
There is only a one-time $55 US fee for posting your model. More details are available on the Post Your Model Page. Commissions are only payable if we complete a successful sale of your tall ship. Place your mouse here for more details of our commission structure.
- What Other Benefits does Tall Ship Models.com Provide?
We are one of the busiest sites on the Internet specializing in fine Tall Ship Models receiving thousands of visitors each month. We do not market any other products and are therefore highly focused on providing unprecedented services to our customers. For more details please visit our Post Your Model Page.
Real Time Bidding System
When a bid is made on your model you receive it in real time so you can either accept it or make a counter offer without hesitation. At Tall Ship Models we believe that efficient and personal service is of prime importance. That's why we become fully involved in assisting you and the buyer in negotiating a successful transaction.
How does it work?
- Buyer and Seller Agree to Terms
Both parties agree to terms of the transaction, which includes a description of the merchandise, sale price, number of days for the Buyer's inspection, and any shipping information.
- Buyer Pays Escrow.com
The Buyer submits a payment, selecting check, money order, wire transfer, or credit card online. Escrow.com verifies the payment. Processing time varies by payment method.
- Seller Ships Merchandise
Upon payment verification, the Seller is authorized to ship merchandise and submit tracking information. Escrow.com verifies that the Buyer receives the shipment.
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Buyer Accepts the Merchandise
The Buyer has a set number of days for an inspection and the option to accept or reject the merchandise. For more information, FAQs - Return Questions.
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Escrow.com Pays the Seller
Escrow.com pays the Seller by check or wire transfer. The transaction is complete.
What are the benefits?
Escrow.com, an accredited escrow company, acts as a secure third party to protect the Buyer and Seller.
How Buyers are protected:
- Escrow.com tracks the shipped merchandise and verifies it was delivered.
- The Seller isn't paid until the Buyer accepts the merchandise, or the inspection period expires.
How Sellers are protected:
- Escrow.com confirms when the Buyer receives merchandise.
- The Seller is authorized to ship only after Escrow.com verifies good funds.
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