A Secure Deal is a financial arrangement whereby a third party is entrusted to hold funds pending execution of a contract. It helps eliminate
counter-party risk by securing and regulating payments until all terms and conditions of an agreement are met.
How It Works
Secure Deal guarantees security to both buyers and sellers, especially when trading online. The buyer enjoys peace of mind knowing that they cannot lose money in the transaction and the seller rests easy knowing that they will receive full payment for the sale.
Buyer and seller agree to terms: Either party can initiate a transaction and provide the terms and conditions as agreed prior. Examples are such as the selling price, who pays for shipping, mode of shipment, who pays the Secure Deal fees, how soon the product/service will be delivered, etc.
Buyer deposits funds: After all terms and conditions are set out and agreed upon, the buyer deposits funds with Secure Deal. The company verifies the payment and notifies the seller to ship the goods or provide the service.
Seller delivers the goods or services: The seller is authorized to deliver the goods or services to the buyer. Secure Deal verifies that the buyer received the goods or services in good condition.
Buyer accepts the delivery: After inspecting the delivery, the buyer accepts it and authorizes funds to be released to the seller.
Secure Deal pays the seller: Funds held in escrow are released to the seller, bringing the escrow transaction to an end.
Benefits With Our Service:
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