Add to Chrome
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
Escrow refers to an e-commerce payment system where:
The seller only sends the goods after they have received the payment from the buyer
Online payment is made only after the buyer confirms they have received the goods
The buyer pays in cash for the goods on delivery
Online payment is made as soon as the supplier confirms the goods have left their warehouse
Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!