Secure Transactions
Set up and manage secure, escrow-style transactions in Basefund — invite participants, fund accounts, track milestones, and close with confidence.
9 articles
- Secure Transactions OverviewComprehensive guide to Basefund's secure transaction platform. Learn about participant verification, protected communications, and end-to-end visibility.
- Transaction TypesExplore Basefund's 4 transaction types: Secure Closings for multi-party deals, Ongoing accounts, One-Time payments, and Transfers between your accounts.
- Joining a Secure ClosingStep-by-step guide for participants: create your account, add and verify bank details with microdeposits, and assign accounts to complete your closing.
Creating a Transaction in Basefund
Step-by-step guide to creating secure transactions in Basefund — assign participants, set up the receipt and disbursement of funds, and invite participants.
- Creating a New TransactionLearn how to create new transactions in Basefund. Choose from One-Time, Ongoing, Transfer, or Closing types and complete required transaction fields.
- Assigning Participants to a TransactionManage transaction participants in Basefund. Add contacts, assign roles, and organize participants according to the flow of funds for secure transfers.
- Setting Up the Receipt of FundsConfigure incoming funds for your transaction. Learn how to add senders and clearers, specify amounts, and connect the flow of funds between parties.
- Setting Up the Disbursement of FundsSet up fund disbursements in Basefund. Add receivers, specify amounts and purposes, link to funding sources, and maintain complete audit trails.
- Inviting Participants to a TransactionInvite participants to your Basefund transaction. Existing users are auto-invited, while new participants receive onboarding instructions via email.
- Adding Bank AccountsAdd and verify bank accounts in Basefund. Enter account details, complete microdeposit verification, and assign accounts to transactions securely.