How is the movement of funds managed in the purchase and sale operations through the MercaDolar platform?

When you create an offer, you are authorizing Lite Fintech to automatically request your bank to debit the full amount of your quote (this includes the amount of USD you want to sell, plus the commission for the service). For your security, when you create an offer you will receive an email, through which you must approve the transaction made, until you confirm it the transaction will not advance in the system.

If you make a purchase, please note that you must notify the seller of the payment within two (2) hours (in case it is an indirect sale), according to our “Terms and Conditions“. Please note that if you do not comply with this step, the offer will be automatically published in the marketplace, which may cause inconvenience to the buyer by its omission in the mandatory process established for purchases.

When notified of the payment of the offer, the seller is obliged to confirm receipt of the funds upon receipt in its bank account, in accordance with the time limits set out in the Terms and Conditions and at its discretion at the time of creating the offer.

If the seller does not confirm the receipt of payment for his offer or if he does not create a dispute within the corresponding periods, the system will automatically start the process of crediting the purchased USD to the buyer, from which the service fee will be deducted.