Third-party escrow services are used for products valued at more than $200 to protect both the buyer and seller when either the buyer or seller feels the need for additional security.

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Third-party escrow services are often used for high-value transactions to provide additional security for both the buyer and seller. These services act as a neutral third party to hold funds until the transaction is complete and both parties are satisfied. It is generally recommended to use escrow services for transactions valued at more than $200 to ensure that both parties are protected.

Third-Party Escrow Services Are Used for Products Valued at More