How does Tradesy handle payment?

Tradesy manages payment processing with a structured system designed to ensure security and convenience for both buyers and sellers. When a buyer makes a purchase, the payment is processed through Tradesy’s platform. The buyer's payment is collected at the time of the transaction, but the funds are not immediately released to the seller. Instead, Tradesy holds the payment until the buyer confirms receipt of the item and verifies that it is as described. This method protects buyers, allowing them to inspect the item and ensure it meets their expectations before the seller receives the funds. If the buyer does not confirm receipt, Tradesy maintains the funds until the established timeframe has passed or until the issue is resolved. For sellers, once the buyer confirms satisfaction with the item, the funds are released to the seller's account, usually after accounting for Tradesy's fees. Additionally, Tradesy provides various payment options for buyers, which can include credit cards, debit cards, and other methods accepted on their platform. For detailed information on payment options, fees, or any specific inquiries, users are encouraged to refer to the resources available on the Tradesy website.