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Social Bidz Escrow
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Escrow Transaction
When using the escrow service
The buyer pays the channel price plus a 1.5-7% service fee ($2 minimum), with lower rates on higher-value deals.
The seller designates the escrow agent as owner.
The escrow agent verifies everything and assigns manager rights to the buyer.
After 7 days, the escrow agent removes all other managers and assigns primary ownership rights to the buyer (7 days is the minimum amount of time required to assign a new primary owner in the control panel).
We send the funds to the seller. Money is sent instantly through all payment systems.
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