What if the buyer doesn't deposit funds in time?
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 cancelation of the trade, restoration the lot to the listing and penalties to the buyer.
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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 ...
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 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 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 ...
What currencies are supported?
All prices, payments and settlement amounts on Kaffea-X are USD demoninated at this time.