1. Lack of Transparency
Reputable escrow services clearly outline their fees, processes, and policies. If a provider is vague or unwilling to share details, consider it a red flag.
2. No Licensing or Certification
Legitimate escrow services are licensed and regulated by financial authorities. Always verify their accreditation before proceeding.
3. Unrealistic Pricing
Escrow services incur operational costs, so unusually low fees can indicate fraud. Be cautious of companies offering “free” or extremely cheap escrow services.
4. weak Online Presence
A reliable escrow service should have a professional website, positive reviews, and responsive customer support. A lack of online credibility is a warning sign.
5. High-Pressure Tactics
Scammers often create a sense of urgency to rush decisions. A legitimate escrow provider will never pressure you to proceed without carefully reviewing the terms and conditions.