Escrow Policy – social-exchanger.com
Purpose of Escrow
social-exchanger.com offers escrow services to facilitate secure transactions for the buying, selling, and exchanging of digital accounts. Our escrow process aims to protect both buyers and sellers by holding funds and digital assets in a neutral third-party account until all agreed-upon terms of the transaction are fulfilled.
Escrow Process
Agreement: The buyer and seller mutually agree to use social-exchanger.com’s escrow services and establish the specific terms of their transaction, including the price, assets to be transferred, and any contingencies.
Payment: The buyer deposits the agreed-upon funds into the designated escrow account held by social-exchanger.com.
Asset Transfer: The seller transfers ownership of the digital account to the buyer or an intermediary designated by social-exchanger.com.
Inspection Period: The buyer receives an inspection period to verify the account fulfills the agreed-upon conditions. Any discrepancies must be reported to social-exchanger.com immediately.
Approval and Release of Funds: If the buyer approves the transfer, social-exchanger.com releases the funds to the seller. If the buyer raises a valid dispute, we will initiate our dispute resolution process.
Fees
social-exchanger.com charges a fee of 2% of the transaction amount. Additional fees may apply in specific situations or for complex transactions. Fee allocation (whether paid by the buyer, the seller, or shared) will be determined as part of the transaction agreement.
Dispute Resolution
In the event of a dispute, social-exchanger.com will act as a mediator to facilitate a resolution. We will review evidence provided by both parties and make a fair determination based on the terms of the transaction agreement.
Prohibited Activities
The use of social-exchanger.com’s escrow services for any illegal or fraudulent activity is strictly prohibited. We reserve the right to terminate accounts and report any such activities to the relevant authorities.
Limitation of Liability
social-exchanger.com is not responsible for the actions of buyers or sellers and does not guarantee the authenticity or quality of any digital account. While we take measures to verify identities and prevent fraud, we are not liable for losses due to misrepresentations or other fraudulent actions.
Changes to Escrow Policy
We reserve the right to modify this Escrow Policy. Any updates will be published on our website with the updated effective date.
Acceptance of Terms
By utilizing social-exchanger.com’s escrow services, you signify your acceptance of the terms outlined in this Escrow Policy.
Contact Us
If you have any questions or concerns regarding the escrow process or policy, please contact us at [provide a contact email address]
Important Considerations
Clear Fee Structure: Detail any additional fees that could apply
Refund Policy: Outline the circumstances under which refunds may be provided.
Verification Processes: Mention any specific KYC (Know Your Customer) or identity verification requirements