AgTransact sends your transaction to the other party's email address. They create a AFN account and review the transaction you created. If happy, they accept the deal.
Step 3:
Buyer Deposits Funds
Once your terms have been accepted by the other party, the buyer deposits the funds in full with TradeSafe (Standard Bank has management oversight of the escrow account). TradeSafe will issue a signed letter of comfort to the seller.
Step 4:
Seller Starts Delivery
The seller can start delivery of the goods or services, knowing that the funds are safe with TradeSafe. Courier or tracking information can also be uploaded.
Step 5:
AgTransact releases payment
Once the buyer is happy with the goods or services, TradeSafe releases the funds to the seller using Standard Bank’s Host-2-Host technology.
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