What is Secure payment with Swiftcourt (escrow) and how does it work?
Escrow means a neutral third party (Swiftcourt) safely holds the funds until both parties have fulfilled their obligations. The money is released only after both parties confirm the handover.
How it works here:
- The seller initiates the escrow and the auction listing shows that Secure payment is offered.
- The purchase agreement can be uploaded and e-signed in Swiftcourt well before pickup.
- The buyer transfers the purchase amount to Swiftcourt's escrow account.
- After handover and confirmation by both parties, Swiftcourt releases the payment to the seller.
The service is optional but recommended for added safety in high-value transactions.
