Flippa Escrow is Flippa's secure payment method. We recommend that all transactions take place through Flippa Escrow.
As a buyer, Flippa Escrow protects you by securely holding onto your payment until you authorise it to be released after you confirm receipt of your assets/ business. If you have any concerns over the assets that have been transferred, you can contact us and we can work with you and the seller to resolve the matter - all the while your payment remaining securely held within Flippa Escrow.
As a seller, Flippa Escrow protects you by notifying you when a buyers payment has been received and cleared so that you can start asset transfer. You should only start transferring assets after we notify you that we have received your payment.
A summary of the process is as follows:
- Buyer makes an offer or places a winning bid in an auction
- Seller accepts the offer or the auction bid is automatically accepted
- Seller requests payment
- Buyer makes payment
- Seller is informed when payment has been received, has passed all fraud checks and has cleared
- Seller begins release of assets and everything included in the listing
- Buyer confirms when this has been completed and releases funds
- Seller receives funds
Please note that buyers and sellers should conduct all due diligence and assessment before payment is made. Once payment has been transferred out of escrow or assets have been transferred to a buyer, the sale process is deemed to have finished.
Flippa charges no fees to use Flippa Escrow, however there are various fees to use Flippa. These can be found here.
Flippa Escrow is available for all transactions on Flippa.
Flippa Escrow currently accepts bank or wire transfers (often known as ACH or SWIFT or transfers that need an IBAN) and major debit/credit cards. Flippa Escrow does not currently accept American Express payments.
Milestone or instalments
Flippa can facilitate Milestone or instalment payments.
The amount of payment, frequency/ time period and any performance targets for payment release should be clearly detailed in a sale agreement between buyer and seller.
Please note that the full payment amount (sale value) must be paid into Flippa Escrow at the start of the payment process. Milestone or instalment payments can then be released as agreed.
Please contact firstname.lastname@example.org if you wish to establish milestone or instalment payments.
Milestone payments are part of a payment plan established when an agreed sale is subject to the asset(s)/ business's future performance. When the asset(s)/ business reaches the agreed upon performance an agreed payment amount is released.
There is a minimum $50k sale value for milestone payments.
Instalments are a similar payment plan where buyer and seller agree to pay the asset(s)/ business sale value over a number of payments, i.e. $4500 on sale and $4500 6 weeks post sale.
Slow to Pay Countries
Some countries are known by banks as slow-paying or slow-to-pay, a list of affected countries can be found our Slow-to-Pay Countries article.
Most banks in the European Union require an IBAN to receive funds, as do many in the Middle East and the Caribbean.
Please ask your bank if your country and bank provide an IBAN, as it will make the process of receiving your funds from Flippa Escrow faster and more seamless.
European customers who have not provided their IBAN may experience delays until the IBAN is provided.
Canadian Bank Details
Canadian customers who have not provided required banking details may experience delays until said information is provided.
- i. the name of the account holder
- ii. the account holder’s physical address
- iii. the name of the financial institution
- iv. the bank’s SWIFT or BIC code
- v. the account number
- vi. the branch transit number and full branch address
- vii. the institution number
- viii. the account type (cheque/current or savings)
- ix. the account holder type (personal or business)