How SecurePlate Works
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SecurePlate uses an integrated escrow payment system to safeguard both parties.
- Buyer makes payment → The payment is held securely in escrow.
- Seller completes JPJ transfer → Once the plate is legally transferred, seller uploads proof or system verifies the status.
- Buyer confirms receipt → Buyer verifies that the plate transfer is complete.
- Funds released to seller → SecurePlate releases payment to the seller minus the platform’s service fee.
Why Escrow?
- Buyers are guaranteed that funds are only released once the ownership transfer is done.
- Sellers are protected from non-paying buyers since the payment is secured upfront.
- SecurePlate acts as a neutral third-party to ensure trust and transparency in every transaction.