Alibaba.com continues to roll out an escrow service announced in September that helps protect payments made to overseas suppliers. International buyers interested in learning more about escrow can find details on the company’s Australia blog here.
The B2B website, which in the past has been primarily a global matchmaking service for buyers and suppliers, is now facilitating international transactions through the service, which is powered by Alipay, the e-payment provider that is affiliated with Alibaba.com’s parent company, Alibaba Group. Check outa step-by-step guide for using escrow below.
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