What is SafePay?
SafePay is an independent escrow service provided by Acerium. It operates like a Letter of Credit (LC), where both the buyer and seller agree in writing to the terms of sale. Once confirmed by both parties, the buyer will transfer 100% of the funds to Acerium, which holds the funds in a secure account while the terms of the sales contract are met. Upon the buyer’s receipt of the original shipping documents, Acerium releases funds to the seller. SafePay makes trading easier for all parties while costing only one fourth as much as a typical LC, with no amendment/discrepancy fees or other hidden costs.