How Escrow Protects Buyers and Sellers

How Escrow Works on Tafit Auction

Tafit Tech Ltd

Last Update 2 bulan yang lalu

Escrow ensures safe and secure transactions between buyers and sellers.

 What is Escrow? 

Escrow is a system where:
  • Payment is held securely
  • Funds are released only after confirmation

 How It Works 

  1. Buyer wins the auction
  2. Payment is made
  3. Funds are held securely
  4. Seller delivers the item
  5. Funds are released to seller

 Buyer Protection 

  • Ensures the item is received before payment is finalised
  • Reduces risk of fraud

 Seller Protection 

  • Confirms buyer has made payment
  • Ensures secure transaction handling
Important Notes
  • Always follow platform instructions
  • Report issues through support if needed

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