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Phonetrade Escrow

The Business Flow

1.   

A buyer and seller agree to a transaction on Phonetrade.


2.   

They decide to settle the transaction using Phonetrade Escrow.


3.   

Phonetrade Escrow collects funds from the buyer and notifies the seller to ship.


4.   

The buyer receives the goods and make the inspection. The seller and the buyer can also agree to do the inspection at the sellers location or inspection could be done by a third party ex. a freight forwarder or an independent inspection company.


5.   

Phonetrade Escrow pay the seller upon the pay order from the buyer.




Users of the Phonetrade Escrow, experience so far:

Elaine Pang Good Mobile, Hong Kong (seller)
Peter Emelegou Telcel Mobile, Nigeira (buyer)
Martin Eriksson GBL Global Business Link AB (seller, direct sales of SonyEricsson products)
Alexandre Bredenbaum, Millennium Telecom, France (buyer)
Amanico Guadagnino, USA Blowout's, USA (buyer)
Deepak Agrawal, D&K (asia) ltd. (buyer)
Tal Nisri, Alfa Telecom, France, (buyer)


Get listed as a Phonetrade Escrow user
Security is cheap - risks are usually an expensive experience.

Can you afford to lose those "10 % down". If NO - use Phonetrade Escrow.


Phonetrade security is built up on 4 important bricks:



When you are selling and buying we always do recommend that you are using Phonetrade Escrow to secure your transactions. There is always an element of risk inherent in a transaction that motivate the low cost in using Phonetrade Escrow.

Phonetrade protect the interest of the buyer member and seller member.

"We have been doing business with these guys before" this is a very thin but usual argument why taking risks in the transaction. In the case of bankruptcy even a life time friendship doesn't actually help much - or does it???

Benefit for Buyers
As a buyer, you are concerned about "what if the seller doesn't have the goods or do not deliver."
  1. Phonetrade Escrow transforms trade settlement from paper-intensive / expensive processes (e.g., Letter of Credit)
    • improved efficiency
    • reduced costs
  2. Phonetrade Escrow can work with any banks world wide.
  3. You will be in a better negotiation situation when the seller know that the funds is verified at Phonetrade Escrow
  4. You exclude your business risk as the funds can only be released after a pay order from you.
  5. You increase your chances to get good attention from an new supplier.
Benefits for Sellers
As a seller you are worried about "what if the buyer doesn't have the money or doesn't pay for the delivery".

  1. Ensures founds available prior to sellers shipment and reducing risk in the transactions.
  2. Phonetrade Escrow transforms trade settlement from paper-intensive / expensive processes (e.g., Letter of Credit)
  3. - - - Improved efficiency
  4. - - - Reduced costs
  5. Ensures payment immediately upon goods acceptance of the goods.
  6. Result in Sellers ability to forge relationship with new customers.
Legislation
Svenska Finansinspektionen www.fi.se have confirmed that GBL Global Business Link AB / Phonetrade.com have the rights to open and handle foreign companies client accounts at SEB Bank in Gothenburg - Sweden. The client funds are secure under the Swedish Law and even in case of bankruptcy the funds is recognised as clients money and can not be used by GBL AB for other purposes then pay on the behalf of the client or return the money to the client.

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