Overview
SemiSend provides escrow payment services designed to protect both buyers and sellers during transactions. Funds submitted to the platform are held securely until the agreed transaction conditions have been satisfied.
Escrow Payment Process
The typical escrow transaction process includes:
The buyer initiates a transaction and submits payment to SemiSend.
Funds are securely held in escrow.
The seller delivers the product or service according to the agreed terms.
Once the buyer confirms satisfactory completion, funds are released to the seller.
This process ensures both parties fulfil their obligations before funds are transferred.
Payment Methods
SemiSend may support various payment methods depending on availability and jurisdiction, including:
Bank transfers
Debit or credit cards
Approved digital payment systems
Supported payment methods may change as the platform evolves.
Transaction Fees
SemiSend may charge service fees for facilitating escrow transactions. These fees support platform operations, security infrastructure, and payment processing.
Fees may include:
Escrow service fees
Payment processing fees
Currency conversion charges
All applicable fees will be clearly displayed before a transaction is confirmed.
Payment Release
Funds held in escrow will only be released when the agreed transaction conditions have been satisfied.
Release conditions may include:
Buyer confirmation of delivery
Verification of completed services
Milestone completion
Agreement between both parties
Where disputes arise, funds may remain secured until the issue is reviewed.
Refunds
Refunds may occur when:
A transaction is cancelled before completion
Both parties mutually agree to cancel the transaction
A dispute resolution results in refund authorisation
Refund processing times may vary depending on payment providers.