Secure Trade is an Escrow Service on Junk Mail powered by a third party called Truzo. Using Secure Trade on Junk Mail means that you can transact safely, as all Truzo registered users are fully vetted and verified. You also don't have to chase payments and receiving payments via Credit card/ Debit card/ Instant EFT or EFT is super easy. You'll have your own personal or business Trust Zone every time you buy or sell on Junk Mail.
What is Escrow?
According to Investopedia, “Escrow is a legal concept describing a financial instrument whereby an asset or escrow money is held by a third-party on behalf of two other parties that are in the process of completing a transaction. Money, securities, funds, and other assets can all be held in escrow.”
Please note:
- Registering for Truzo is completely free.
- Any private individual or business can register to use Secure Trade.
- Transaction fees are applicable when buying and selling through Secure Trade.
- You can disable and enable Secure Trade from your ads dashboard.
- Certain categories are excluded from Secure Trade.
- Only adverts with the for sale intention that are valued at R100 or more will qualify for Secure Trade.
- You have to be registered and verified by Truzo to set up Secure Trade transactions.
Disclaimer:
Secure Trade is a third-party Escrow Services platform powered by Truzo. Truzo is regulated by the Financial Sector Conduct Authority (FSCA), registered with the Payments Association of South Africa (PASA) and conducts rigorous compliance checks on every Truzo user to ensure a safe and secure environment. Truzo (Pty) Ltd (2016/390144/07) is an Authorised Financial Service Provider (FSP 51539).
