How long does the escrow process take?
How long does the escrow process take?
Most SafeDeal vehicle transactions can be completed within 1 to 20 business days, but the actual timeline depends on the transaction and how quickly the buyer and seller complete each step.
Account Creation and Verification
Creating a SafeDeal account is quick and simple. Users provide the required information to create their account. Depending on the transaction, SafeDeal may require additional identity or account verification before the transaction can proceed.
Buyer's Payment
The buyer completes payment using one of the payment methods available for the transaction. Processing times vary depending on the selected payment method and when the payment is received.
The transaction remains pending until SafeDeal confirms that the required funds have been received.
Vehicle Delivery
Once the payment requirements have been satisfied, the seller ships or delivers the vehicle according to the agreement between the buyer and seller.
For shipped vehicles, both parties should use a delivery method that provides tracking and appropriate insurance whenever available.
Inspection Period
After the buyer receives the vehicle, the agreed inspection period begins.
The buyer should inspect the vehicle within the agreed timeframe and notify SafeDeal if there is an issue with the transaction.
Disbursement
Once the transaction conditions have been satisfied and the buyer has approved the transaction, SafeDeal processes the seller's funds according to the selected withdrawal method.
Available withdrawal methods may include Zelle, Chime, bank wire, Wise, and cryptocurrency, depending on availability and eligibility.
Processing times vary by withdrawal method, destination, financial institution, and other applicable requirements.
How long will my transaction take?
The overall timeline depends primarily on how quickly the buyer completes payment, how quickly the seller delivers the vehicle, how long the inspection takes, and how quickly the disbursement method processes the funds.
SafeDeal will provide transaction updates as each stage is completed.
