Buy and sell with peace of mind.
Helping Australia take the risk out of buying and selling with escrow.
Buyer pays into CheckVault
Funds secured
Escrow agent: Perpetual Corporate Trust
Seller paid when you both agree
How a trade runs in CheckVault
Send the trade
Set up the job or purchase in CheckVault and send it to the other side.
The buyer secures the money
Funds go to Perpetual Corporate Trust and both of you can see them.
Approve, and it’s paid
The buyer approves by SMS. Funds settle in 1 to 3 days.
Hold the money until the job’s done
Buying something big, once
A car, a domain name, equipment: the seller sees your money is there, and it moves when you’re happy.
- Fee
- 1%, minimum $50
- Over $25,000
- 0.89%
- Smallest payment
- $300
- Who can use it
- Australian residents
Quotes your clients secure up front
Clients secure your quote before you start, so you stop chasing debtors.
- Fee
- 1%, minimum $50
- Over $25,000
- 0.89%
- Monthly fee
- None
- Setup fee
- None
Paid before each stage starts
Deposits, progress claims and retentions, secured before the work and released when it’s done.
- Job types
- Single payment, milestones, progress claims, drawdowns
- Retentions
- Held for as long as you need
- BPAY
- Up to $500,000 a payment
- Settles
- 1 to 3 days after approval
Escrow inside your own platform
Automated escrow workflows, built into your marketplace or app through our API.
- Licence
- AFSL 429768
- Registered with
- AUSTRAC
- Currency
- AUD only
- Setup fee
- $1,100
Work out your fee
- To hold it
- 1%, $50 at least
- Over $25,000
- 0.89%
- Monthly or setup fee
- None
CheckVault fee
1% of $10,000.00
An estimate. Your terms set the final fee.
| Amount secured | Fee | Minimum fee |
|---|---|---|
| Up to $25,000 | 1% | $50 |
| Over $25,000 | 0.89% | $50 |
Your money sits with Perpetual, not with us.
Perpetual Corporate Trust is the escrow agent. The money waits in a segregated ANZ account.
Funds secured until both sides agree
- Licence
- AFSL 429768
- Registered with
- AUSTRAC
- Your data
- Stored in Australia, in ASIO T4 and PCI DSS facilities
As seen on A Current Affair and Sky News.
Paid on time, in their words
-
“It’s fantastic and easy to use. We simply quote, and our clients secure us. As soon as we finish the clients work to their satisfaction, we get the money the next day.”
Rebecca D Accountant, Senior Manager, Watkins Coffey Martin -
“I’ve been stung before on one or two occasions, now with CheckVault I don’t have that worry, because basically if they haven’t got the money, we don’t go past the next milestone.”
Matt W Director, Backyard Pool & Solar -
“I sleep a lot better at night knowing my payments are secured.”
Brian F Director, The Country Group -
“[My clients have] got security knowing they aren’t going to get the funds released until the work is done properly.”
Aaron K. Director, AOK Property Services -
“As a Buyer I feel comfortable that I know my subcontractors are secured and they prioritise my work.”
Daniel W Project Manager, FS Hough -
“CheckVault understands our business and have given us the tools we needed to get our payments in faster.”
Sameer K. Partner, CharterNet -
“It delivers peace of mind, while putting you in a position to receive a prioritised service delivery, often with a discount too.”
Matthew C Accounting client -
“They listen & understand the problems businesses face in today’s society. We recommend CheckVault to everyone.”
Steve M Director and Manufacturer, Prestige Home Solutions
CheckVault in thirty seconds
New trades, tracking every stage, and the broker view, in the portal you log in to.
Already trading with us?
Log inNew to CheckVault
- Send a one-off payment
- See business pricing
- Call 1800 CVAULT (1800 28 28 58), 8:30am to 6pm Sydney time, Monday to Friday
