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 mutually agreed upon by the buyer and seller.
Related Articles
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 ...
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 ...
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 ...