Payment Terms

1. Transaction Initiation: Buyer agrees to purchase a vehicle and initiates payment through the platform.
2. Payment Collection: Buyer pays the full transaction amount to JDM Registry using their chosen payment method.
3. Payment Confirmation: Platform confirms payment receipt and notifies both Buyer and Seller.
4. Vehicle Transfer: Buyer and Seller arrange for vehicle inspection, documentation, and transfer (off-platform).
5. Payment Release: After confirmation (see Section 6), funds are released to the Seller minus platform fees.

JDM Registry acts as a payment facilitator and service provider. When a Buyer makes a payment:

• The payment is made to JDM Registry, not directly to the Seller
• We hold the funds temporarily while the transaction is being completed
• We may deduct applicable platform fees before releasing funds to the Seller
• We release funds to the Seller according to our release policy (Section 6)

Manual escrow is used when:

• Automated payment gateways (Stripe, PayMongo) are not configured or available
• Platform administrators have enabled manual escrow mode
• Specific transaction types require manual processing

1. Payment Instructions: Buyer receives QR code and/or bank transfer details for the platform's designated payment account.
2. Fund Transfer: Buyer transfers the agreed amount using GCash, bank transfer, or other supported methods.
3. Consent Acknowledgment: Buyer must accept manual escrow terms and acknowledge the risks involved.
4. Email Verification: Buyer verifies their email via one-time password (OTP) to confirm identity.
5. Proof Submission: Buyer uploads proof of payment (screenshot/photo) along with transaction details (sender name, reference number, amount, date).
6. Admin Review: Platform administrators manually verify the payment against actual account records.
7. Verification Result: Payment is marked as verified (releasing order progress) or rejected (with reason provided).

Manual payment verification typically takes:

• Standard: 1-3 business days for initial review
• Complex Cases: Up to 5 business days if additional verification is needed
• Weekends/Holidays: Processing may be delayed during non-business days

Payment verification may be rejected if:

• Proof of payment cannot be verified against platform records
• Amount transferred does not match the expected amount
• Transaction details (reference number, sender name) cannot be confirmed
• Proof appears to be altered, fraudulent, or reused
• Payment was made to an incorrect account
• Multiple submissions detected for the same transaction

If rejected, buyers may resubmit with correct information or contact support for assistance.

During manual escrow verification, we collect and retain:

• Payment proof images and transaction details
• IP address and device information at time of submission
• Email verification timestamps and OTP usage
• Admin review notes and decision history

See our Privacy Policy Section 6 for full details on escrow metadata collection.

Buyers are STRONGLY ADVISED to:

• Physically inspect the vehicle before confirming the transaction
• Verify all documentation with relevant authorities (LTO, etc.)
• Request a professional mechanical inspection
• Verify ownership and ensure no outstanding liens or obligations
• Only confirm payment release after satisfactory vehicle transfer
• Consider purchasing from reputable sellers with positive reviews

DO NOT confirm payment release until you have physically received and verified the vehicle. Once released, funds generally cannot be recovered.

Sellers must:

• Accurately represent vehicles in all listings
• Provide complete and genuine documentation
• Facilitate reasonable inspection opportunities for Buyers
• Transfer ownership legally and completely
• Not pressure Buyers to confirm payment release prematurely

The Buyer may confirm successful vehicle receipt and documentation transfer through the platform. Upon confirmation:

• Funds are released to the Seller (minus platform fees)
• Release typically occurs within 1-3 business days
• Buyer confirmation is generally final and irreversible

Buyer Protection Tip: Only confirm after you have physically received the vehicle, verified all documentation, and are satisfied with the condition and transfer process.

If the Buyer does not confirm within a specified period (typically 14-30 days, as configured by administrators), funds may be automatically released to the Seller, provided:

• No dispute has been filed
• No fraud indicators have been detected
• Both parties have communicated appropriately through the platform

Automatic release timelines may vary and are subject to platform discretion and configuration.

JDM Registry administrators may manually release or hold funds in cases of:

• Disputes between Buyer and Seller
• Suspected fraud or policy violations
• Incomplete documentation or verification issues
• Legal requests or regulatory requirements
• Technical issues with automatic processes

Administrative decisions are made at our sole discretion and are generally final, though we will make reasonable efforts to resolve disputes fairly.

Payment release may be delayed or held for:

• Active disputes or investigations
• Suspected fraudulent activity
• Incomplete Seller payout profiles
• Verification or compliance checks
• Payment gateway processing times
• Banking or holiday delays

Platform fees are typically deducted from the transaction amount before releasing funds to Sellers. Fee amounts may be:

• A percentage of the transaction value (e.g., 5-10%)
• A flat fee per transaction
• A combination of percentage and flat fees
• Variable based on subscription tier or transaction value

Fees are disclosed during the transaction process and are typically visible to both Buyers and Sellers before payment is initiated.

Third-party payment processors (Stripe, PayMongo, etc.) may charge additional fees. These fees may be:

• Included in our platform fee
• Passed through to Buyers or Sellers as separate line items
• Variable based on payment method (credit cards typically have higher fees than bank transfers)

Sellers may incur fees when receiving payouts, depending on the chosen payout method:

• GCash transfers may have nominal fees
• Bank transfers may incur processing fees
• International payouts (if supported) may have higher fees and currency conversion charges

We reserve the right to modify our fee structure at any time. Changes will:

• Be announced through platform notifications or email
• Not affect transactions already in progress
• Apply to new transactions initiated after the change date

Supported payout methods may include:

• GCash: Direct transfer to registered GCash mobile number
• Bank Transfer: Direct deposit to Philippine bank accounts
• Other methods: As configured by administrators (e.g., PayMaya, bank checks)

Sellers are responsible for ensuring their payout information is accurate and up-to-date. JDM Registry is not liable for payouts sent to incorrect or outdated information.

Payout processing times vary by method and circumstances:

• GCash: Typically 1-2 business days after release approval
• Bank Transfer: Typically 2-5 business days after release approval
• Delays: May occur due to verification, compliance checks, or banking holidays

Timing estimates are not guarantees. Actual payout times may vary based on payment gateway processing, banking infrastructure, and verification requirements.

Before processing payouts, we may require Sellers to:

• Verify identity through government-issued ID
• Provide proof of bank account or GCash ownership
• Complete KYC (Know Your Customer) processes
• Submit additional documentation for large transactions

Verification helps prevent fraud and comply with anti-money laundering regulations.

Payout limits may apply based on:

• Seller verification status
• Account history and reputation
• Payment method limitations (e.g., GCash daily limits)
• Regulatory requirements

Mechanics set their own service prices. Pricing displayed is:

• Starting prices: Base prices for standard service scope
• Estimates only: Final price may vary based on actual work required
• Subject to agreement: Customer and mechanic must agree on final price before work begins

1. Customer requests service and receives quote from mechanic
2. Customer accepts quote and agrees to pricing
3. Customer pays via automated gateway or manual escrow (if enabled)
4. Mechanic performs the service
5. Mechanic marks service as complete
6. Customer confirms completion (or auto-confirms after 48 hours)
7. Funds released to mechanic minus platform fees

Platform fees for mechanics marketplace transactions:

• Platform fee: [X]% of transaction value (as configured by administrators)
• Payment processing: Standard payment gateway fees apply
• Minimum fees: May apply for small transactions

Fees are deducted from the mechanic's payout. Customers pay the agreed service price only.

For disputes regarding mechanic services:

• Disputes must be raised before confirming service completion
• Both parties should attempt to resolve issues directly first
• Platform may mediate disputes on a case-by-case basis
• Refunds are not guaranteed and depend on circumstances
• Platform decision on disputes is final

Refunds may be considered in cases of:

• Seller failure to deliver the vehicle or documentation
• Significant misrepresentation or fraud by the Seller
• Mutual agreement between Buyer and Seller to cancel the transaction
• Payment processing errors or duplicate charges

Important: Refunds are generally NOT available after the Buyer has confirmed payment release or after funds have been transferred to the Seller. Buyers must conduct due diligence before confirming.

If a dispute arises, users should:

1. Attempt to resolve the issue directly through platform messaging
2. Contact JDM Registry support with detailed information and evidence
3. Provide documentation (messages, photos, inspection reports, etc.)
4. Await administrative review and decision

JDM Registry will review disputes and make decisions at our sole discretion. Decisions consider available evidence, platform policies, and applicable laws, but are not binding arbitration or legal judgments.

If a refund is approved:

• Refunds are processed to the original payment method
• Processing may take 5-10 business days depending on the payment provider
• Refunded amounts may exclude non-refundable fees (if applicable)
• Partial refunds may be issued in appropriate cases

Chargebacks can have serious consequences:

• We will investigate all chargebacks and provide evidence to payment processors
• If a chargeback is successful, the transaction amount is reversed
• If funds have already been paid out to a Seller, we may pursue recovery from the Seller
• Excessive chargebacks may result in account suspension or termination
• Users who file fraudulent chargebacks may be permanently banned

To avoid chargebacks:

• Buyers: Use our dispute resolution process instead of filing chargebacks
• Buyers: Only confirm payment release after verifying the vehicle
• Sellers: Provide accurate listings and complete documentation
• Sellers: Communicate clearly and respond promptly to Buyer inquiries
• Both: Keep records of all communications and transaction details

• Sellers may be required to verify identity before receiving payouts
• Large transactions may trigger additional verification requirements
• We may request government-issued IDs, proof of address, or other documents
• Verification protects against identity theft and fraud

• We monitor transactions for suspicious activity
• Unusual patterns may trigger holds or additional verification
• We cooperate with payment processors' fraud prevention systems
• Accounts suspected of fraud may be suspended pending investigation

JDM Registry complies with applicable anti-money laundering regulations, which may require:

• Monitoring and reporting of large or suspicious transactions
• Customer due diligence and enhanced verification
• Record-keeping of transaction details
• Cooperation with law enforcement and regulatory agencies

• Sellers are responsible for reporting income from vehicle sales to tax authorities
• Sellers must pay applicable income taxes, capital gains taxes, or other taxes
• Platform fees may or may not be tax-deductible; consult a tax professional
• Sellers should maintain records of all transactions for tax reporting

• Buyers are responsible for applicable registration fees, transfer taxes, and excise taxes
• Vehicle transfers typically require payment of documentary stamp tax and LTO fees
• Buyers should verify all tax obligations with LTO or tax professionals

JDM Registry may:

• Report transaction information to tax authorities as required by law
• Provide annual transaction summaries to users (if required by regulations)
• Issue tax documents (1099-K equivalent, if applicable under Philippine law)

We do not provide tax advice. Users should consult qualified tax professionals regarding their specific obligations.