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Q. What Buyer Protection does a Buyer have when buying on Bido?
I am buying a domain. As the transfer may take some time to complete, how do you guarantee that I will get the domain name once I transfer the funds?
Bido secures the transaction for all sales via Bido. This means that the buyer has a full Buyer Protection (also known as "payments escrow") when buying on Bido. 

The Buyer Protection works like this: First Buyer pays Bido, then Seller transfers the item to the Buyer. Only after Buyer confirms they received the item, then does Bido further pay Seller. As long as Buyer does not confirm receipt, funds are secured by Bido, and will be fully and immediately refunded to Buyer in the rare event that a Seller does not transfer the item within 10 days of payment. 

Should Buyer prefer to secure a transaction over any other external escrow service, this is possible provided that Buyer pays the costs of such 3rd party escrow service. The Bido Buyer Protection (payments escrow) is provided as a free service for all sales via Bido.

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