Before the Products can be released to the Buyer, it is important that the Seller is assured that a safe transfer of the payment occurs. For this reason, KSY Natural Solutions (the “Company”) has set up an independent and secure bank account for the transaction of the amount payable by the Buyer.
After the successful conclusion of an auction or sales, the Buyer transfers the auction or sales proceeds to the bank account of the Company, which he will receive via e-mail. This disbursement is dependent on the conditions agreed to by the transacting parties when registering for the use of the KSY Natural Solutions.com Platform.
Transactions are therefore secure for both Buyer and Seller, by allowing payments to be released only when all of the terms of the agreement are met as overseen by the Company.
Step – by – Step
- After the successful conclusion of an auction or sales process, the Buyer receives an e-mail which informs him for the successful conclusion, his win and the payment details.
- The Buyer has to conclude the payment of the auction or sales proceeds, in the Company’s bank account, within 24 hours after the conclusion of the relevant process.
- After the payment has been concluded by the Buyer, he will then receive a unique code. He must enter the unique code in the Platform.
- The Buyer receives all relevant documents and the title of the Products upon verification.
- After the Buyer has confirmed proper and timely delivery of the Products, the Company transfers the amount payable to the Seller, after withholding its commission fee and all other relevant costs.
* Wire transfers are to be processed exclusively by financial institutions possessing the mandatory licenses and qualifications, required by the competent economic and financial state authorities, of the state where the financial institution is seated and where the wire transfers are to be processed and received and functioning in accordance to all other relevant european or international provisions applicable to the proper function of financial institutions.
Enhanced due diligence is mandated for any business relationship with a person established in a high-risk third country. The Company does not receive neither executes payments from/to bank accounts controlled or processed by financial institutions seated in high-risk third countries, as determined by the Commission Delegated Regulation (EU) 2020/855 of 7 May 2020 and as revised by the Government and/or competent authorities thereafter.