Both the buyer and seller will benefit from using our Trusted Third Party service as it provides a protective layer where the transaction is monitored and transacted by ArtQuest which gives "peace of mind" to both parties. Having a trusted third party who will temporarily hold funds while the transaction is completed will protect both parties from frauds and scams which happens all too often over the internet these days. Once the buyer and seller agree on terms, the agreed upon payment is sent directly to ArtQuest. We then verify and hold the funds until the seller sends the artwork and it is received by the buyer. We will not release payment to the seller until we've heard from the buyer that it has been received and accepted. This provides the buyer with the opportunity to inspect the art before any funds are released should an artwork need to be returned for any reason.
|Cost of our Trusted Third Party Art Service|
|$1,000 - $5,000||2.5 %|
|$5,001 - $10,000||2.0 %|
|$10,001 - $25,000||1.5 %|
|$25,001 - $50,000||1.0 %|
|Over $50,000.00||0.5 %|
The trusted third party fee is customarily split between the buyer and seller. The cost is $200.00 plus a small percentage of the amount of funds being held per the chart posted. If you do handle your own buying and selling, please be safe in your transactions and be sure to check our scammer name database before initiating any purchase or sale.