I'm in the process of purchasing a bike on Ebay for $3000, which is also a really good deal. I was worried also because of that so I asked him alot of questions. He said that Square Trade is a place that will hold your money till you get your goods, & if you are satisfied then they will pay the person. This transaction is still in process, I've only payed him $1000 through Western Union but I hope I don't get scammed!