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Safeli

Safeli is a blockchain-powered escrow solution that guarantees sellers always get paid for their products and services, and buyers always get what they paid for.
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Supported blockchains

No items found.

Safeli

Overview

What is

Safeli

?

Safeli.io is a short-term escrow service for the blockchain and Web3 industry.

It works by securing funds in a third-party wallet so that service providers are not cheated out of their payment by the client, and the client can keep their funds secure until the project is completed to their satisfaction.

It's a new approach to escrow holding that leverage blockchain technology for transparency and security.

Safeli

fees

Taker fee =
Maximum 10%, minimum 0.5%
Maker fee =

Safeli

supported currencies

Website
Safeli
Twitter
@Safeli_io
Available in the US?
Yes
Year founded
Accepted payment forms for
Safeli
Bank Transfer
Cryptocurrency
Credit/debit card

Pros

  • New approach to established service using security of blockchain
  • Tiered costing service making it viable for any budget
  • Simple onboarding

Cons

  • New service, not yet stress-tested
  • unclear where funds are held

Features

  • Escrow protection
  • Multiple payment options
  • Rating system for transarency
  • Round the clock support

Safeli

Review

What is Safeli

Safeli is a new take on an established payment system.

Holding funds in escrow has long been a method for clients and service providers to organize work and minimise the risk of either the project not being completed, or the payment not being made.

Safeli holds the funds in a secure location and later releases funds once both parties acknowledge completion of work.

What makes Safeli different is that it uses blockchain technology to add extra security and usability to the process.

While it's early days for Safeli, this could be a great use of blockchain technology that could go mainstream and help secure payments and projects for a new generation of entrepreneurs.

How does Safeli work?

Safeli works like most escrow services.

A client finds a service provider and they work out the details of the job to be completed.

Once they have the details, they use Safeli to secure the funds and details of the project. It works like this.

  1. Set up your wallet

You just need to copy over your wallet address from your primary wallet provider. It's as yet unclear if this needs to be on a specific chain.

  1. Create a new contracts

Create a contract within Safeli and outline the details of the project including scope, timelines, and fees.

You mjust set the terms of the project here to continue, as without them, the funds cannot later be released.

  1. Negotitate and accept

The other party will then review the details of the project and either ask for amendments or accept them.

  1. Activate the contract

Once the contract is accepted and activated, the funds are locked in escrow.

The funds stay here until tjhere is some work to review and approve, making this a safe situation for both parties.

  1. Review and accept

Once the project is complete, the posted has the opportunity to revciew the work and either accept the work or request amendments to the work.

If the latter, nothing changes until the amendments are made.

if the former, then the funds are released to the service provider.

Safeli blockchain escrow service review.

Who should use Safeli?

There are a lot of escrow services in use today.

Most of those that have some overlap with Safeli (in the way that they're used by clients and service providers). Think UpWork, Fiverr, and any other brand that allows clients to secure funds while working on a project with a service provider.

These are super valuable services and have enabled a lot of service providers to grow their businesses without the risk of the client ghosting when it comes to payment.

Safeli is simply bringing this kind of service into the modern era and securing transactions with blockchain.

If this brand grows, it could become the next big marketplace for blockchain entrepreneurs.

Year Founded: 
Check out Safeli now
@Safeli_io

Customer Reviews Of 

Safeli