Escrow:Safeguarding Your Purchase
We are pleased to announce the launch of our new Escrow program, designed to provide our customers with a secure and reliable platform for buying and selling high-value timepieces.
Our Escrow service is specifically tailored to meet the needs of the luxury watch market, offering a streamlined and transparent process for buyers and sellers alike. Whether you are looking to purchase a rare and collectible timepiece, or are interested in selling a piece from your personal collection, our Verified Value Purchase service provides a safe and secure way to conduct your transaction.
Our team of experienced professionals has developed a robust system that utilizes the latest in encryption and security technology to ensure that your transaction is safe and secure. From the initial agreement between buyer and seller, through the verification and transfer of funds, to the final delivery of the watch, our Escrow service provides the peace of mind that comes from knowing that your transaction is being handled with the utmost care and attention.
We understand that the luxury watch market can be complex and challenging, and our Escrow service has been designed to simplify the process and eliminate any unnecessary risks. Our goal is to provide a reliable and trustworthy platform that allows both buyers and sellers to feel confident in their transactions, and to build long-term relationships based on trust and mutual respect.
We are excited to offer this new service to our customers, and we look forward to helping you find the perfect luxury watch, or to assist you in selling your own prized timepiece. Thank you for choosing our Escrow service, and we welcome any questions or feedback that you may have.
How the Escrow Works
Our Escrow service operates through a streamlined and secure seven-step process to ensure a smooth and reliable transaction for both buyers and sellers.
Step 1: Verify Identity
The first step of our process involves verifying the identity of both the buyer and seller. We require a government-issued ID through Stripe Identity, and additional documentation as necessary to confirm the identities of both parties and ensure the transaction is conducted by legitimate individuals.
Step 2: Sign Agreement
Once identity verification is complete, we provide a legally binding agreement for both parties to sign, outlining the terms of the transaction, including purchase price, shipping details, and inspection period.
Step 3: Buyer Pays
The buyer then submits payment to our secure Value Your Watch Stripe account, ensuring that funds are available to complete the transaction.
Step 4: Seller Ships
Upon receipt of payment, the seller ships the watch to the buyer using a reputable carrier, providing tracking information and ensuring the watch is securely packaged.
Step 5: Buyer Inspects the Watch After Receipt
Upon receipt of the watch, the buyer has a specified inspection period to verify the condition of the watch and ensure that it meets the terms of the agreement.
Step 6: Buyer Approves
If the buyer is satisfied with the watch and the transaction, they approve the release of funds from our Stripe account to the seller.
Step 7: Seller Paid Out
Upon approval by the buyer, the seller is paid out the agreed-upon purchase price, completing the transaction.
Our seven-step process provides a secure and reliable platform for buying and selling luxury watches, and we are confident in our ability to facilitate a smooth and successful transaction for all parties involved.
Fees:
- 3.5% $0-$20,000
- 3.0% $20,001-$50,000
- 2.5% $50,001-$75,000
- 2.0% $75,001-100,000
- 1.5% 100,001+ (Max $5000)