---
title: How SecurePlate Works
slug: how-secureplate-works
docTags: 
createdAt: 2024-06-22T12:49:59.006Z
---

SecurePlate uses an integrated **escrow payment system** to safeguard both parties.

1. **Buyer makes payment** → The payment is held securely in escrow. 
2. **Seller completes JPJ transfer** → Once the plate is legally transferred, seller uploads proof or system verifies the status. 
3. **Buyer confirms receipt** → Buyer verifies that the plate transfer is complete. 
4. **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.