The transfer of funds on Tresle is handled entirely by a third party escrow agent. When a Buyer has decided to move forward and purchase a business for sale, the process is as follows: 

Phase 1: Deposit

1. Letter of Intent is fully executed.
2. Buyer is provided wire instructions and details about the escrow agent. 
3. Buyer sends a refundable deposit via wire transfer to the escrow agent for 5% of the agreed upon offer price highlighted in the Letter of Intent. Note: wire fees and escrow flat fees apply.
4. Seller receives a notification on Tresle that the wire has been received by the escrow agent.
5. Buyer due diligence begins.

Phase 2: Closing

1. Buyer confirms that their due diligence has been completed and that they are ready to finalize the deal.
2. Buyer and Seller finalize and sign Purchase Agreement document.
3. Buyer sends the remaining fund balance via wire to the escrow agent. 
4. Seller receives a notification on Tresle that the remaining funds have been received by the escrow agent. Note: wire fees and escrow flat fees apply.
5. The escrow agent distributes funds to Seller based off the deal’s Purchase Agreement. Note: wire fees apply.
6. Deal closed.