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What happens at Escrow.com when seller cancels the sale? This just happened to me after I wire transfered the money. Funds are probably still floating around in the banking system.
stub said:What happens at Escrow.com when seller cancels the sale? This just happened to me after I wire transfered the money. Funds are probably still floating around in the banking system.
Escrow.com said:The buyer is responsible for 100% of the escrow fee in the event
the transaction is cancelled or the merchandise is returned.
stub said:OK. The bad news and the good news. Which do you want first?
Bad News? Escrow refunded me. I lost out $275 when Escrow.com refunded my account. Basically consisting of my wire transfer costs, plus $40 each way (payment & refund) for Escrow.com's wire transfer costs, plus the escrow fee (cancellations payable by the buyer).
Good News? I asked the seller to refund my costs. Which he happily did, including the PayPal charges Good man! There must be a god somewhere looking over my shoulder for me to pick an honest domainer to buy from who himself got cheated out of the domain he was attempting to sell me. Hence the cancellation.
I'm off to spend part of it down the pub