Are there any additional transaction fees?
All transactions on the Kaffea-X platform is subject to a 1% commission payable by the seller. Trades that are settled via the third-party settlement agent escrow.com additional transaction and payment processing fees may apply to both parties, the buyer and the seller. See escrow.com for more details.
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How can I pay for a transaction in Kaffea-X?
As part of the contract execution, buyers and sellers mutually agree to the applicable mode of payment for any transaction on Kaffea-X. At the time of listing a coffee, sellers can indicate all acceptable modes of payment: 1. Direct Payment 2. Letter ...
How soon after contract signature is the transaction funded?
After both parties have signed the contract, the buyer must deposit the funds to the seller immediately. For transactions settled via escrow.com the funds must be deposited within two (2) business days. Failure to pay in a timely manner may result in ...
Who holds the funds after execution?
For transactions settled via escrow, funds are held securely in the settlement agent, escrow.com until all delivery and payment conditions are fulfilled. For transaction settled via direct payment or letter of credit, all funding arrangements are ...
Are there tax implications for selling through this platform?
Commission fees imposed by Kaffea-X to sellers located within the United States may be subject to state and/or local sales tax, as required by applicable laws and regulations. The specific tax rate applied will vary depending on the jurisdiction in ...
Can I request financing or credit terms on Kaffea-X?
No, financing or credit terms are not available on Kaffea-X. All transactions are strictly on a cash basis.