Secure Payments, Giving Complete Peace Of Mind


What is escrow?

Escrow is a method of payment where money is held by a trusted third party until both seller and buyer are checked and verified and the purchase has been safely completed. This gives complete peace of mind and protection to both parties.

To enable secure payments via escrow for our users, we have partnered with Trustshare Ltd, an FCA regulated company registered in England and Wales, offering global cross-border payments in GBP, USD and EUR in 186 countries. Trustshare offers:

For sellers

Benefits

How it works

 

For buyers

Benefits

How it works

 

Escrow FAQ's

Who can use escrow?

Anyone and for any transaction, regardless of its value. Trustshare will help you avoid scammers with their strict seller verification process and just in case the registration won't assign to your vehicle or there are any problems, your money is still safe, as you only release it to the seller once you receive the goods and confirm that they match the agreement. Complete peace of mind for every transaction, who wouldn't want that? 

Where is my deposit held?

Your money is held in a protected, safe-guarded bank account with Barclays in the UK. A safe-guarded account is where your money is held separately from the businesses operational funds and fully protected. This article from the London Economic explains in more detail.

Who are Trustshare?

Trustshare Ltd are a company whose mission is to revolutionise how consumers pay online through our safe and trusted escrow service. Trustshare is an FCA regulated business who keeps your funds under lock and key until you are happy that the product or service has been delivered. If you’re not 100% sure about the seller / buyer, it’s best to use their escrow payment solution just in case. It takes the hassle out of payments and makes sure you are protected if things don’t turn out as expected.

Trustshare is a licensed eMoney provider. Trustshare ltd is a company registered in England and Wales (No. 12650826) at 71-75 Shelton Street, London, United Kingdom, WC2H 9JQ and registered with the Financial Conduct Authority with reference number 902866. 

Trustshare completes robust KYC and AML checks on buyers and sellers, so you are safe and protected. 

How to get verified on Trustshare?

Before first transaction as a seller (or buyer), you will have to get verified. The process on the Trustshare panel is simple, takes just a few minutes and requires a selfie using your (PC or phone) camera and one of your identification documents to match it. 

During the transaction between the buyer and the seller, the system may ask you for additional proof of the transaction, where you can upload the proof of bank transfer or a contract between the seller and buyer for the acquisition of the item you are buying. 

How much does it cost to use Trustshare?

Trustshare is free for sellers. The buyer pays a small fee which is shown on checkout. This fee covers the cost of Trustshare providing their service and protecting your funds so you can safely complete transactions online with peace of mind. Please note that fees are non-refundable, so we recommend not starting an escrow transaction before you have agreed this with the seller.

Terms and conditions

All transactions are handled by Trustshare Limited and subject to their Terms & Conditions, which you can find here, including potential disputes between parties. Plate-Trader.com is not responsible nor directly included in any transaction processed through Trustshare as a result of agreement via our network. The checkout process may contain Plate-Trader branding including logo for the purpose of legitimacy and the Plate-Trader brand name, but Plate-Trader is never the recipient of the deposit, Trustshare is.

Additional help

About Trustshare

Trustshare Support for buyers

Trustshare Support for sellers

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