How will I receive the settlement amount for coffee sold on Kaffea-X platform?
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. Traders only need to have a verified escrow account if they wish to settle transactions through this third party settlement service.
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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 ...
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.
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 ...
Who covers return costs if a buyer is unsatisfied?
After the contract is confirmed on the Kaffea-X platform and relevant contracts are signed in the event of subsequent settlement exceptions, parties may initiate dispute or arbitration proceedings under the terms of the applicable GCA or ECFA.
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. ...