Payment
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.
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 ...
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 ...
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 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 ...
How is currency conversion handled?
Kaffea-X currently handles transactions exclusively in USD (United States Dollar). Currency conversion must be managed by the user�s own bank or payment provider if they operate in a different currency.
What currencies are supported?
All prices, payments and settlement amounts on Kaffea-X are USD demoninated at this time.
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 ...
Who holds the funds after execution?
Funds are held securely in the settlement agent, escrow.com until all delivery and payment conditions are fulfilled.
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 ...