Safefunds Special Transaction Services

The Safefunds system includes provision for all types of special financial transactions including automatic payment distribution to multiple parties. Our "pay master" service is ideal for situations where the "seller's" receipts need to be allocated to multiple partners. Safefunds can also handle the “Pay Off” of a financing contract and transactions requiring the exchange of documents without the funds passing through the Safefunds system.

Multiple party transactions and Paymaster Service
Safefunds is perfect when a group of separate entities need a neutral party to receive the proceeds and fairly distribute the funds to the participants of a business agreement. Safefunds also handles the need of accumulating and managing deposits for multiple payers until a triggering event authorizes the funds to be distributed. An example is an investment offering with a minimum capital requirement. We tailor the transactions to our clients' needs and will provide a custom quotation for our services.

Finance “Pay Off” transactions.
This type of transaction typically occurs when a vehicle has an open loan and part of the buyer’s funds will be used to pay off the loan. The Safefunds system can easily handle this transaction. Buyer and seller set up two separate transactions. The first one is for the item at the NET amount the seller is to receive after the financing is paid off. The second transaction is for the amount required to pay off the outstanding loan.

The description of the second transaction refers to the first transaction and instructs Safefunds to send the proceeds of the second transaction with any necessary paperwork to the holder of the loan.

When BOTH transactions are agreed to and funded by the buyer, the seller ships the vehicle and sends any necessary paperwork to SAFEFUNDS. When the buyer receives the vehicle and the condition of the vehicle is as agreed, the buyer releases the funds of the second transaction. The funds are sent by Safefunds to the loan holder to execute the payoff. Once the loan is paid off, the seller sends clear title to the buyer and the buyer releases the first transaction for the NET amount the seller is to receive.

Both buyer and seller are completely protected.

Document exchange transactions
This type of transaction occurs when the buyer and seller have documents to verify and exchange as a material part of another Safefunds transaction. The Safefunds system can provide complete protection in this case.

Both parties send their paper work to Safefunds. Safefunds then advises each party of the paper work received from the other party. Copies may be faxed. When both agree, the paper work and/or payments are distributed by Safefunds.

Since Safefunds controls the distribution of payments and paperwork, both buyer and seller are protected.

What do document exchange transactions cost?
Each transaction is charged the usual base transaction fee. There is an additional charge of $75 for each party from which we receive paper work to distribute. The only additional charge is for optional express delivery of documents at $25 for each express address in the USA.

Because we can custom tailor our service to meet the unique requirements of each transaction, please contact us at 1-888-565-4187, Monday through Friday, 8 a.m. to 5 p.m., Eastern Time for more information and a custom quotation to meet your unique needs. If you prefer, send an email to Safefunds Logistics Group for assistance.