Escrow services are crucial for ensuring secure transactions between buyers and sellers, reducing fraud, and increasing trust in the agro-commodities market.
Below is our proposed Farm2Trade Escrow Fee Structure, designed to be fair, transparent, and sustainable while ensuring your transactions remain protected.
Farm2Trade Escrow Fee Structure (Nigeria)
We have structured our fees based on transaction value to accommodate both small-scale and large-scale traders in agriculture.
| Transaction Amount (₦) | Escrow Fee (%) | Minimum Fee (₦) | Maximum Fee (₦) |
|---|---|---|---|
| ₦50,000 – ₦500,000 | 2.5% | ₦1,250 | ₦12,500 |
| ₦500,001 – ₦2,000,000 | 2.0% | ₦10,000 | ₦40,000 |
| ₦2,000,001 – ₦5,000,000 | 1.8% | ₦36,000 | ₦90,000 |
| ₦5,000,001 – ₦10,000,000 | 1.5% | ₦75,000 | ₦150,000 |
| Above ₦10,000,000 | Negotiable | Custom Rate | Custom Rate |
Additional Notes:
✅Minimum Fee: This ensures that even smaller transactions remain viable while covering administrative costs.
✅Maximum Fee Cap: Ensures large transactions don’t become overly expensive.
✅High-Volume Discounts: For buyers and sellers who transact regularly, we can negotiate lower fees based on volume.
✅Processing & Payout Timing: Standard escrow processing takes 1 to 3 business days after the seller meets the agreed-upon conditions.
Why Use Farm2Trade Escrow?
✔ Buyer Protection – Funds are released only after goods are confirmed.
✔Seller Security – Ensures the buyer has deposited funds before shipping.
✔ Market Stability – Reduces risks of fraud in Nigeria’s agro-commodity sector.
If you’re ready to trade with security, Farm2Trade Escrow has got you covered! Let me know if you have any questions or if you need a customized fee structure for your business.
