Secure Escrow Payments
Never pay a stranger online. Bidrit Escrow holds your funds securely until you receive and verify the vehicle. Complete peace of mind for buyers and sellers.
How Bidrit Escrow Works
A totally secure, transparent transaction flow designed to protect both the buyer's money and the seller's vehicle.
1. Agree on Terms
Buyer and seller agree on the final vehicle price and initiate an Escrow transaction.
2. Secure Payment
Buyer transfers funds to the secure Bidrit Escrow account. Funds are verified and locked.
3. Vehicle Delivery
The seller delivers the vehicle (or the buyer picks it up). Buyer inspects the car to ensure it matches the listing.
4. Funds Released
Buyer confirms receipt on the platform. Bidrit releases the funds to the seller. Transaction complete!
Protection for Buyers
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No Payment Risk
Your money is safe. The seller only gets paid AFTER you receive the exact vehicle you ordered.
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Inspection Window
You have a designated timeframe to inspect the vehicle upon delivery before funds are released.
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Easy Refunds
If the vehicle is misrepresented and a dispute is ruled in your favor, your money is fully refunded.
Protection for Sellers
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Verified Funds
No more fake alerts, bounced checks, or empty promises. The funds are verified and locked by Bidrit before you release the car.
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Serious Buyers Only
Eliminate time-wasters. Escrow transactions ensure the buyer is fully committed and financially capable.
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Dispute Mediation
If a buyer unfairly rejects a car, Bidrit steps in to mediate using evidence and inspection reports.
Supported Payment Methods
We support secure bank transfers and card payments through Nigeria's most trusted payment gateways.
Transparent Escrow Fees
We charge a small, flat-rate platform fee to maintain the escrow account, conduct the transaction verifications, and mediate any disputes.
* Fees are typically split 50/50 between buyer and seller, or as agreed during negotiation.
Why pay an escrow fee?
- Guarantee against multi-million Naira fraud
- Covers secure bank holding charges
- Funds our legal and dispute resolution team
Frequently Asked Questions
Everything you need to know about Bidrit Escrow.
How long does the escrow process take?
Once funds are deposited, they are verified within 1-2 hours. The total duration depends on how quickly the seller delivers the vehicle and the buyer completes the inspection (usually 24-48 hours).
What happens if the car doesn't match the description?
You have the right to reject the vehicle during the inspection window. The vehicle goes back to the seller, and your funds are refunded directly to your bank account.
Can a seller cancel an escrow transaction?
A seller can cancel before funds are deposited. Once funds are locked in escrow, the transaction must proceed to delivery unless mutually cancelled by both parties.