What Is the Trusted Broker Feature?

This feature supports purchase order payments (P.O.) . Therefore, there is no need to request bank guarantees, release a bond for an order or open a bank credit account. Instead, BuildMart has found you the solution through its Trusted Broker feature. This feature provides our users (buyers and vendors) with a safe and convenient payment process, where BuildMart acts as a trusted partner to ensure both parties’ rights. In a nutshell, the buyer charges his wallet, then pays BuildMart, a trusted broker. The buyer’s funds are now held under BuildMart’s care until the buyer requests their release in accordance with the terms agreed upon with the vendor. Once the buyer releases the funds, BuildMart forwards those funds to the vendor. By doing so, this ensures the seller of the availability of the amount with the buyer, and on the other hand, it ensures the buyer that the funds are not being transferred to the seller prior to the buyer’s request.