Safefunds Reviews

Summary: I was robbed. I have nothing more to say. A seller asked my to fund an account so we could deal in good faith. I read their rules and mis understood they were going to take a cut regardless of whether or not you got your product.

Positive: Appeared to be set up to protect buyers and sellers. Concept helps if you are making large transactions and don't know who might be scamming you...but beware of the middle man who takes money no matter what.

Negative: Safefunds is taking their cut even if a transaction does not occur! Seller pays if transaction goes through, buyer pays if transaction falls through. They take near 1.3% of whatever money is sent to them. You can't glean this from their rudimentary terms and fees page, until you are hit with the fees. Then upon re-reading, it appears they enact the transaction fee toward the buyer. I was skeptical since their whole site looks like it was made by a high school kid. I was right. Rip off! Steer clear! The whole concept of such a business is to protect buyers and sellers, but they prey off such people. My seller found a different buyer, but I am left paying a backout fee......screwed. Bad business. I never would have sent them money if I knew it was not returnable. They still have 28K of my money and my guess is it will take some time to get it back.