Is there any fee to trade in the marketplace?

Is there any fee to trade in the marketplace?

All trades on the Kaffea-X platform are subject to standard third-party fees from our settlement provider, Escrow.com, which are split evenly between the buyer and seller. These fees typically amount to approximately 2% of the transaction value and are reflected in the final settlement amount issued by Escrow.com. In addition, Kaffea-X charges up to 1% commission on all completed trades payable by the seller. If a penalty was incurred, the 1% commission will still be charged if trade is not completed.

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      If a trade is canceled within the 5 minute affirmation window, no penalties are applicable. For all cancelations beyond the affirmation window, (failure to sign contract, deposit funds, delivery, etc) penalty fees of up to 1% of total transaction ...

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      Once a bid has been auto accepted or accepted by the seller, buyer & seller have 24 hour window time to cancel the trade. If the trade is not canceled during this 24 hour window it is automatically confirmed and progresses to contract generation. ...

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      Once both buyer and seller confirm the trade, it is immediately locked using atomic execution. This prevents any double-booking or conflicting trades on the same coffee lot. Immediately locked up when the bid submitted is above the reserved price

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      All transaction funding and handling of specific refund scenarios is via the settlement agent, escrow.com.

    • How does bidding work?

      Buyers can browse active listings on the Marketplace and submit a bid specifying desired price and quantity. Buyers can also indicate willingness to receive a partial order in the event of rapidly diminishing inventory in an active trading scenario. ...