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Selling Fast

How do fast payments work when you sell scrap?

Short answer: Many buyers pay by bank transfer, which can arrive within minutes to a day depending on the banks involved, while some pay on the spot and others on a set day, and payment through a platform may be held until the deal is confirmed, so ask when and how you will be paid, and prefer a traceable method over any arrangement that depends on trust alone.

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Bank transfer

A transfer is the most common method, and many modern banking systems make it near-instant, though some take a business day.

Payment held in escrow

A platform may hold the money until you and the buyer both confirm the deal, which adds a short step but removes the risk of non-payment.

What to avoid

Promises of payment later, post-dated cheques or payment in a form you cannot verify are poor trades for a quick sale.

How ScrapTrade Fits In

ScrapTrade pays out from escrow once the deal is confirmed, so payment is both quick and secure.

Fast does not have to mean careless. ScrapTrade connects you with verified buyers, transparent weighing and escrow-protected payments.

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