How much is the Escrow service fees
Escrow service fees is as low as 2% of the total purchase price of the item.
Who pays for the Escrow service fees
Buyer or Seller (or Broker if applicable) can pay this fee, or it may be split between them.
If the seller have agreed to pay for the Escrow service fees, the Escrow service fees will be automatically deducted from the total sales price of the item.
If the Escrow service fees is agreed to be paid by the purchaser, it will be automatically added to the purchase price of the merchandise.
The Fee is determined by purchase price and the level of service
What forms of payment does Escrow Service accept?
Escrow Service accepts Cash Deposit, Moneypak, Credit Card, Ukash, Money Order, Wire Transfers, Check and in some cases PayPal. Restrictions Apply. Each method of payment takes a different length of time to process.
Buyer payments submitted to Livestock Animal Exchange Escrow service by credit card or PayPal, while guaranteed secured to our trust account, are subject to a mandatory Seven business day hold for funds to fully clear to our account. By law, Escrow is prevented from releasing funds until they have fully cleared. We apologize for any delay or inconvenience, and will release funds the first business day funds are available.
How do Sellers get paid?
When the transaction is complete, Livestock Animal Exchange caret.sends funds to the Seller via their chosen disbursement
What is an Inspection Period, when does it start, and how long does it last?
The Inspection Period is the specified amount of time agreed upon by both parties in which the Buyer may examine the merchandise/domain(s) after receipt.
The time frame selected for the Buyer can range between 1 to 14 days and must be agreed upon by both parties at the beginning of the transaction. The Inspection Period begins when the Buyer marks the item as received
Livestock Animal Exchange confirms the merchandise has been delivered to the address in the Buyer’s escrow profile. The Buyer must accept or reject the goods within this period. If the Buyer has rejected and returned an item, the Seller will be provided with 5 days to examine the merchandise.
Buyers and Sellers should make sure the inspection period provides adequate time for any authentication and/or appraisal process that may be necessary to complete the transaction.
How long does the escrow process take?
It depends upon 1) the inspection period agreed upon by both parties; 2) the Buyer’s payment method; 3) Delivery time from Seller to Buyer; Generally, most escrow purchases can take from 2 to 14 days.
Who pays for shipping?
During the agreement of terms, the Buyer and Seller agree who’s paying for shipping, but the Buyer will initially pay at the time of shipment.
If the Buyer is responsible for the shipping charges, the shipping amount is specified during the agreement phase and added to the total purchase price.
What if the Buyer does not like the items?
The Buyer has the Inspection Period (a length of time agreed to by both parties) to approve the items. If dissatisfied, the Buyer must return the items to the Seller. Once the Seller has received the items and confirmed that they are in satisfactory condition,
Livestock Animal Exchange .will release the funds back to the Buyer.
What if the Buyer forgets to accept or decline the items online ?
Livestock Animal Exchange will release funds to the Seller at the end of the Inspection Period, as long as the Buyer has not declined the items and Travel pets escrow delivery. has verified the Buyer’s receipt.
Please note that
Livestock Animal Exchange does reserve the right to send a 48 hour notice if the inspection period is started and ended without buyer participation.
How do Sellers get paid?
Livestock Animal Exchange .may release funds to the Seller after the Inspection Period has ended. The Inspection Period is agreed upon by both parties and commences once the Buyer confirms receipt or
escrow delivery .confirms delivery of merchandise or registrant information to the Buyer’s address on file. In the event the transaction closes without involvement from the Buyer, a 48 hour notice may be sent to the Buyer.
Funds are released to the Seller the same or next business day after successful completion of a transaction and upon verification by Livestock Animal Exchange . In most cases, payment is sent to the Seller by check, but Sellers can select other payment methods for an additional delivery fee.
What if there is a disagreement during the transaction? What is dispute resolution?
Once the Seller rejects the merchandise/domain on the Livestock Animal Exchange .site (considered the Dispute Date), the Buyer and Seller have fourteen calendar days (considered the Negotiation Period) to resolve their dispute. If the Buyer and Seller have not resolved the dispute within the fourteen day Negotiation Period, the Buyer and Seller are provided a second fourteen day period (considered the Arbitration Commencement Period). During the fourteen day Arbitration Commencement Period, the Buyer and Seller are required to start dispute resolution
If escrow delivery .has not received proof of binding arbitration from the Buyer or Seller by the end of the Arbitration Commencement Period, Livestock Animal Exchange shipping Transport.is authorized to close the transaction and refund the Buyer.