Escrow Service

Fameswap offers a secure escrow service for users looking to buy or sell social media properties. It allows sellers to accept secure form of payment, and buyers to receive access to social media property without risk. You can see our recently sold page that showcases happy escrow customers.

What does it cost?

Fameswap Escrow fees are 5% of offer price or $50 minimum, whichever is greater, available for eligible transactions over $100. The fees may be assigned to the Buyer, the Seller or split among the parties. Who pays the fee is agreed upon at the time the escrow is created.

Listing Type	Fee	Example ($2000 listing)	Payment Methods
TikTok	Standard: 5% of price Premium: 3% of price (minimum $50)	Total with fee: $150 (minimum fee applies)	• Wire Transfer • Crypto
YouTube	Standard: 5% of price Premium: 3% of price (minimum $50)	Total with fee: $150 (minimum fee applies)	• Wire Transfer • Crypto
Twitter	Standard: 5% of price Premium: 3% of price (minimum $50)	Total with fee: $150 (minimum fee applies)	• Wire Transfer • Crypto
Theme Pages	5% of price (minimum $10)	Total with fee: $2100 (5% fee = $100)	• Wire Transfer • Crypto

Fee Payment Can Be Assigned To:

1. Seller (Seller pays fee)
2. Buyer (Buyer pays fee)
3. Split between Buyer and Seller (50/50)

Note: The fee is calculated when the escrow is created and cannot be changed afterward. Premium status applies if either the buyer or seller has a premium subscription.

How fast is the process?

Escrow is a relatively fast process. Depending on size of transaction and the account, we complete escrow transactions same day as escrow payment arrives. Average escrow takes 2-3 days to complete if both parties are new to the process.

How does it work?

1. Buyer is required to submit an offer on Fameswap listing.
2. Seller is required to toggle "Accept Escrow" when creating their listing.
3. Seller will accept buyer`s offer, and initiate Escrow by pressing "Start Escrow" button on offers page.
4. Buyer and Seller agree to Fameswap Escrow terms and fees.
5. Once buyer submits payment for the listing using bank wire transfer, or crypto (Fameswap Balance), seller is notified to provide required listing information to Fameswap Escrow team.
6. Once information by the seller is verified for accuracy, it is passed on to the buyer for approval.
7. After buyer receives and approves information provided by the seller, the seller may choose to receive payout by PayPal, Payoneer, Crypto (BTC, ETH, USDC) or Bank Transfer (receiving fees may apply).

Fameswap Terms of Escrow

These Terms of Escrow ("Terms of Escrow" or "Agreement") shall serve as an agreement that sets forth the terms and conditions which will govern your use and participation in the transaction management and escrow services provided on and through Fameswap.com (the "Services"). By selecting to utilize the Services you shall have also indicated your acceptance of these Terms of Escrow and your intent and agreement to be bound by them. If you are unwilling to agree to these Terms of Escrow, you shall discontinue further use of the Services. If you agree to these Terms of Escrow, you will be bound as follows:

1. Definitions - "Account" means (i) an account of a Buyer from which payment for the Transaction and related fees will be obtained, (ii) an account of a Seller to which payment for the Transaction and other payments will be credited. "Agreement" refers to this Agreement, the then current operating rules contained on the Site and the Transaction Escrow Instructions. "Escrow Detail Screens" means those screens on the Site where Users provide all requested information in connection with a Transaction. "Escrow Instructions" or "General Instructions" means the document on the Site that contains the terms agreed upon on the Escrow Detail Screens, as well as the other terms and conditions of the escrow transaction including these Terms of Escrow. "User" means Buyer(s), and Seller(s) participating in a Transaction. "Site" refers to the website for the Services which can be found at www.Fameswap.com. Capitalized terms not defined herein shall have the same meaning as set forth in the General Escrow Instructions.
2. Description of the Service - The Services are Internet-based transaction management services performed by Fameswap.com and escrow services provided by Fameswap, Inc., a Delaware corporation "IES," acts as escrow agent in a Transaction, which Services are intended to facilitate the completion of the underlying transaction under the terms of this Agreement, the Site and the applicable Transaction Escrow Instructions.
3. Limits on the Services - The Services are only available for lawful items and items not otherwise excluded by Section 4 below. Limitations on the Services may apply and can be found on the Site or in the General Escrow Instructions or Transaction Escrow Instructions. Only registered Users may use the Services. In order to register, you must supply all information required on the Site. Applicable state or federal laws and regulations may further limit the Services.
4. Prohibited Transactions - Users shall not utilize the Site or the Services in connection with any Transaction that is illegal or involves any illegal items, or is for any illegal purpose; involves any obscene material; involves any munitions or firearm; involves pirated software, DVD or videos or item(s) otherwise infringing copyrighted works; involves illegal drugs or controlled substances; involves real property or any interest in real property, the sale or transfer of liquor licenses, the sale of a business (bulk sale), the transfer of title to a business entity, fund or joint control escrows, mobile homes or manufactured homes or the refinancing of either, reservation deposits of any kind, or promissory notes, mortgages or deeds of trust; or involves transactions directly or indirectly involving persons (individuals or entities) with whom U.S. persons are prohibited from engaging pursuant to sanctions and export controls administered by the Departments of Treasury, Commerce and State.; or involves transactions directly or indirectly involving persons (individuals or entities) with whom U.S. persons are prohibited from engaging pursuant to laws and regulations administered by the Departments of Treasury, Commerce and State. In addition, Fameswap.com, in its sole discretion, may refuse to complete any Transaction that Fameswap.com has reason to believe is unauthorized or made by someone other than you, may violate any law, rule or regulation, or if Fameswap.com has reasonable cause not to honor it. Each User agrees to indemnify and hold Fameswap.com harmless for losses resulting from any use or attempted use of the Services in violation of this Agreement.
5. Rejection of Payment - Since the use of a bank account, credit card or debit card account, or the making of an electronic funds transfer may be limited by your agreement with your financial institution and/or by applicable law, Fameswap.com is not liable to any User if Fameswap.com does not complete a Transaction as a result of any such limit, or if a financial institution fails to honor any credit or debit to or from an Account. Fameswap.com may post operating rules related to payment on the Site and change such rules from time to time.
6. General Conditions of Use - If you arrive at the Site through entities linked and/or integrated with Fameswap.com or otherwise by or through a third party (e.g., an auction, exchange, or Internet-based intermediary that hosts electronic marketplaces and mediates transactions among businesses), then you authorize such third party to transfer relevant data to Fameswap.com to facilitate the Transaction. You represent and warrant that all information you provide to Fameswap.com or to such third party will be true, accurate and complete. The party entering into this Agreement on behalf of any User represents and warrants that he/she is authorized to do so and to bind the User and is a natural person of at least eighteen (18) years of age. In order to initiate and commence a Transaction, all Users to a Transaction must register at the Site, agree to all terms in the General Escrow Instructions and agree to the Transaction Escrow Instructions.
7. Obligations of Sellers - On the Escrow Detail Screens, each Seller to a Transaction must designate an Account to which payment for the Transaction will be made. Each Seller authorizes IES and its authorized agents to initiate credit entries to such Seller's Account for payment of the purchase price, or applicable balance due, and to debit Seller's Account to discharge Seller's obligations. Each Seller in a Transaction shall deliver the items set forth in Escrow Detail Screens directly to the Buyer (or Buyers), at the address specified by such Buyer as shown on the Fameswap.com website and on the terms and conditions set forth in the Transaction Escrow Instructions and General Escrow Instructions. Seller shall use a delivery service that provides a confirmation of delivery and Seller shall provide Fameswap.com with a tracking or reference number for the shipment of the goods. Seller gives Fameswap.com permission to act as its agent in communicating with the shipping company regarding the notice of the delivery of the goods. In the event Fameswap.com does not receive notice of shipment from Seller within ten (10) calendar days of notification from Fameswap.com's notice to Seller to ship the items, Seller authorizes Fameswap.com to return the escrowed funds (excluding Fameswap.com fees) to Buyer. In the event of a return of the items by Buyer, Seller shall notify Fameswap.com of the receipt of the returned items. Upon receipt of such notice from Seller, the Seller's five (5) day inspection period shall commence. In the event Seller accepts the returned items within the inspection period or fails to act within the inspection period, Fameswap.com shall remit the escrowed funds (excluding Fameswap.com fees) to Buyer. If Seller notifies Fameswap.com of its non-acceptance of any returned items within the Seller's inspection period, then Fameswap.com will retain the escrow funds pending resolution of the dispute or take other action as authorized. Notwithstanding anything to the contrary above, if all Users to a Transaction agree on the Escrow Detail Screens that there is no shipping required, then no party hereto will have any obligation under this Agreement with respect to shipping.
8. Obligations of Buyers - On the Escrow Detail Screens, Buyer must designate a payment mechanism and an Account from which the purchase price and related fees (unless such fees are to be paid by Seller) will be obtained for the deposit into escrow. Depending on the amount of the Transaction and the currency selected for the Transaction, Buyer may remit the necessary funds via various methods, which may include corporate credit card, charge card, debit card or purchasing card, check (cheque), cashier's check, money order, or wire transfer. In the case of wire transfers, Buyer will initiate the wire to an account designated by Fameswap.com on or before the date set forth in the Escrow Detail Screens. Regardless of the payment method, Buyer authorizes Fameswap.com and Fameswap.com authorized agents to initiate credit or debit transactions, as applicable, to obtain the purchase price and fees due for a Transaction and to initiate any debit or credit entries or reversals, as the case may be, as may be necessary to correct any error in a payment or transfer and to discharge Buyer's obligations under Section 22 of this Agreement. Fameswap.com will deposit funds received from Buyer into an escrow trust account maintained by Fameswap.com (the "Escrow Account"). Unless otherwise requested as specified in the following sentence, escrowed deposits do not earn interest for Buyer or Seller. If you anticipate an extended closing of the Transaction, then you may request and approve an instruction to have Fameswap.com place Buyer's funds into an interest bearing account for the benefit of Buyer or Seller. If interest is to accrue to the benefit of the Seller, then both Buyer and Seller must request and approve the establishment of the interest bearing account. If this request is made, then Fameswap.com will charge the account of the party to whom the interest accrues an additional nonrefundable service charge of $100.00, which must be paid in advance.
9. Our Responsibilities - Fameswap.com is obligated to perform only those duties expressly described in this Agreement and the General Escrow Instructions. Fameswap.com shall not be liable for any error in judgment, for any act taken or not taken, or for any mistake of fact or law, except for gross negligence or willful misconduct (subject to the limitations in Section 17 below). Fameswap.com may rely upon any notice, demand, request, letter, certificate, agreement or any other document which purports to have been transmitted or signed by or on behalf of a User indicated as the sender or signatory thereof and shall have no duty to make any inquiry or investigation. In the event that Fameswap.com is uncertain as to Fameswap.com duties or rights under this Agreement, receives any instruction, demand or notice from any User or financial institution which, in Fameswap.com's opinion, is in conflict with any of the provisions of this Agreement, or any dispute arises with respect to this Agreement or the Escrowed Funds, Fameswap.com may (i) consult with counsel of our choice (including our own attorneys) and any actions taken or not taken based upon advice of counsel shall be deemed consented to by you, or (ii) refrain from taking any action other than to retain the funds in escrow for delivery in accordance with the written agreement of the Users, the final decision or award of an arbitrator pursuant to an arbitration commenced and conducted in accordance with the General Escrow Instructions or a final, non-appealable judgment of a court of competent jurisdiction, or (iii) discharge our duties under this Agreement by depositing all funds by interpleader action with a court of competent jurisdiction in accordance with the procedures outlined in the General Escrow Instructions.