How can I create my own escrow account?
Upon completion of a trading subscription to Kaffea-X, an escrow account will be automatically initiated on your behalf using the registering email address and an email prompt will be sent with further instructions to complete escrow verification - a key precondition to gaining full trading access on the Kaffea-X platform.
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Who holds the funds after execution?
Funds are held securely in the settlement agent, escrow.com until all delivery and payment conditions are fulfilled.
How soon after contract signature is the transaction funded?
Buyers have two (2) business days following contract signature to remit the full transaction payment to settlement agent, Escrow.com. Failure to fully deposit funds into Escrow.com at the end of two (2) business days results in transaction ...
Are there any additional transaction fees?
All trades on the Kaffea-X platform are subject to standard third-party fees�such as those from our Escrow provider�which are split evenly between the buyer and seller. These fees typically amount to approximately 2% of the transaction value and are ...
What if the buyer doesn't deposit funds in time?
After both parties have signed the contract, the buyer must deposit the required funds to Escrow within two (2) business days. Failure to pay within the time allotted cancels the trade, restores the lot to the listing and results in penalties to the ...