ChestNet Transactions is a safe payment system for the Internet that protects both buyer and seller from various forms of online fraud, including non-delivery or misrepresentation of goods, stolen credit cards, fake checks and money orders, Nigerian scams, and more.
Does ChestNet Transactions accept Western Union or MoneyGram?
No way! ChestNet Transactions does not allow or recommend the use of Western Union, MoneyGram, BidPay, PayPal or other forms of outside payment. If you receive an offer asking you to do business outside of the ChestNet Transactions system, don't do it, it's most likely a SCAM! You should never send money or contact information directly to the seller – that's our job! Once you enter into a formal transaction, ChestNet Transactions will validate both parties to make sure everyone receives full protection. Remember, ChestNet Transactions can only protect you if you stay within the system!
What if a user asks to use Western Union, MoneyGram, BidPay or other types of money orders?
Don’t fall for the trap! ChestNet Transactions does NOT endorse or support Western Union, MoneyGram, PayPal or other types of money orders. To fully protect yourself keep within the ChestNet Transactions system and your transaction will be protected.
Does ChestNet Transactions support users outside the United States?
ChestNet Transactions ONLY supports sellers with valid Bank Accounts and buyers who have the ability to pay using the ChestNet Transactions system and payment options. We offer our services in U.S, Canada and United Kingdom ONLY.
Is ChestNet Transactions the same as PayPal?
ChestNet Transactions and PayPal are both payment services that can be used to pay just about anyone, anywhere on the Net. With PayPal, buyers pay the seller before they receive their purchase, then wait for it to arrive. With ChestNet Transactions, the money is collected and held for the seller until the buyer receives the item. The seller is paid when both parties are satisfied. ChestNet Transactions protects buyers and sellers equally from fraud.
How much does it cost to use ChestNet Transactions?
ChestNet Transactions is always free for buyers. Sellers are only charged a small transaction fee if the transaction takes place with a credit card. eChecks are currently free and encouraged! Registration is required, but there are no entry fees, membership dues or monthly charges to use the service. Sellers pay no transaction fee for eChecks and a small transaction fee when they complete a sale via credit card. No sale, no fee! Credit card transaction fees are deducted when the funds are transferred to a U.S. bank account.
How does ChestNet Transactions work?
ChestNet Transactions payment service can be used for transactions that begin in other venues, such as eBay, Craigslist. An ChestNet Transactions transaction officially begins when an offer is accepted and the buyer has successfully completed a Purchase Order (P.O.). At this time, ChestNet Transactions can safely ship the item to the buyer, since funds are verified, collected and placed in a secure account.
Once the item arrives, the buyer has up to 10-days to approve the transaction. The seller cannot be paid until the buyer approves, and the buyer cannot collect a refund unless the seller approves. Since neither the buyer nor seller can ever have both the money and the item at the same time, both parties are protected. Most transactions are approved and completed within 24 hours of delivery.
Can I use ChestNet Transactions on eBay?
Yes. ChestNet Transactions is the safest way to buy or sell anything, to anyone, anywhere on the Net – including eBay and Craigslist. It can also be used to safely complete private party transactions.
Do I need to register to use ChestNet Transactions?
Yes. You must register to use ChestNet Transactions, but it’s fast, free and easy. Don’t worry, your privacy is important to us! We will never give your financial details to the other party, and your contact information will only be shared after a P.O. is issued.
I’m a buyer. How do I pay a seller?
Once your offer is accepted, the next step is to register on our website by using the registration form. This will confirm all of the details of your order, and provide us with necessary shipping and contact information. As soon as the registration details are verified and confirmed with the seller, we will send an invoice with the payment instructions and the transaction details. You must send the payment to one of our Business Bank Accounts and send a payment confirmation document (receipt) after completing the payment. You must have a U.S. Bank Account to complete this step. We will collect your payment and hold it until you receive and approve your purchase. That’s it! Just say the word and we’ll pay the seller.
I’m a seller. How do I get paid?
You will be notified by email once the buyer receives and approves the item. Just follow the link to the site and provide us with your account number. We’ll automatically deposit the proceeds from your sale (less the small transaction fee) directly to your US bank account.
I’m a buyer. How do I buy something listed on ChestNet Transactions?
Once you find something you want to buy on Craigslist, simply click the “Register” link from our website and enter the details on the page. You can enter the seller’s asking price, or make your own offer. If an offer is made, we must consult with the seller and see if your offer is accepted. If the seller's response is positive, ChestNet Transactions will send you an invoice prompting you to send the payment via bank account to one of our Business Bank Accounts. ChestNet Transactions will then collect and hold your payment, and the seller will be notified that your order can be shipped. You’ll receive an email when your item is sent, and we’ll even track it for you. Once it arrives, you’ll have up to 10-days to approve the sale so we can pay the seller.
I’m a seller. How do I sell something on ChestNet Transactions?
To sell on ChestNet Transactions, you can either place a sell ad, or make an offer on a want ad. Your sell ad is free until you complete a sale, and you can sell multiple items, to multiple buyers, from a single ad. When a buyer makes you an offer, ChestNet Transactions will send you an email with the details and a link to your ad. If you like the offer, accept it, and the buyer will issue you a purchase order (P.O.). Once you receive the P.O., you’ll know that your money has been safely collected and verified, and you are free to ship the item. Once the buyer receives the item as agreed, you will be able to collect payment directly to your U.S. bank account (less a small transaction fee).
To sell on ChestNet Transactions, you must first arrange a meeting with a ChestNet Transactions sales manager. We come to your home, describe the terms and conditions of the sale, inspect and evaluate the item you wish to sell and if all conditions are met you sign a sales contract with us. You then place your ad for sale on eBay or Craigslist and find a buyer. If the buyer accepts the item's description and all terms are accepted, the buyer must register to start the transaction. That's it for you, the rest is our job.
