Escrow solution ensures that the importer secures the payment and the exporter secures the goods. This system minimizes fraud risk and guarantees that both parties complete their transactions securely.
While the letter of credit application process and payment transfer can take weeks, with blockchain-based Escrow and your documents ready, you can complete all transactions practically within the same day, saving time.
With next-generation blockchain technology, your transactions are carried out transparently and securely. Smart contracts protect trade documents and prevent any alterations. By eliminating intermediaries, you can securely track and verify all steps.
Our service has a fixed $28 fee and a 1-2% commission based on transaction size. All costs are paid with EXIM. It is quite economical compared to letter of credit fees, with the initiating party covering the payment.
Escrow facilitates trade in developing countries where security issues are high and currency transactions are challenging. It enables safe, risk-free trade even without an established trust relationship with new companies.
By becoming a member of Coimex, you can benefit not only from the Escrow Safe Payment service but also from import-export financing and arranging meetings with reliable companies. Additionally, with our Trade Guarantee program, if no trade occurs during the annual membership period, your membership is automatically extended for free. Join now and strengthen your trade from every angle!
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