Buyer and Seller
The amount of time an Escrow takes greatly depends on the cooperation of the buyer and seller. Escrows, where both parties have good communication and respond quickly, can be completed much quicker.
Funding an Escrow can take new buyers some time, especially if they are unfamiliar with sending Wire Transfers.
- If the buyer chooses to send a Wire Transfer, it can take 1-3 Days or up to 5 days to arrive for International Wires.
- For Crypto (Fameswap Balance) the time can be as quick as a few minutes but can take up to 1 day if the buyer is new to the platform.
TikTok and Instagram Escrow
An escrow for an Instagram or TikTok can be completed in as little as 1 day after it is funded if the seller immediately provides the details of the account and the buyer takes over the account on the same day of completing the confirmation.
Once the seller submits the log-in details, the buyer has 3 days to confirm the Escrow on Fameswap, after which they are sent a second confirmation email, to which they have 7 days to respond.
The payout to the seller is processed once the buyer completes the confirmations.
Since YouTube escrows are done through Transfer of Ownership, they take a minimum of 1 week to complete once funded (Learn more). Once the buyer is the primary owner of the channel, they will need to confirm the escrow on Fameswap, and the seller is paid out on the same or next business day.