Veraloop

How it works

Who holds the money, and when it moves.

Veraloop by Agave Networks never holds the money. A licensed escrow partner does, and it moves only when cameras and AI confirm each step.

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Six steps

What triggers each step, the evidence, and where the money is.

  1. Matched

    Buyer and verified supplier agree a contract: material, grade, tonnes, USD per tonne, dates.

    Trigger
    Both sides sign the contract.
    Evidence
    The signed contract: material, grade, tonnes, price and dates.

    No money moved

  2. Funded

    The buyer pays in. The licensed escrow partner holds the money. Nothing goes to the supplier yet.

    Trigger
    The buyer pays the escrow partner.
    Evidence
    Escrow confirmation with the deal reference.

    Held in escrow

  3. Yard check

    Material is photographed at the yard. AI checks type, grade and contamination against the contract.

    Trigger
    The supplier presents the material at the yard.
    Evidence
    Yard photos and the AI grading report, checked against the contract.

    Still held

  4. Loading recorded

    4G cameras record loading into the container. Every clip is linked to the shipment.

    Trigger
    Loading is recorded and confirmed.
    Evidence
    Loading clips linked to the container and the shipment.

    Released on loading

  5. Shipped

    The bill of lading is issued. Shipping documents are checked against the contract.

    Trigger
    The shipping documents match the contract.
    Evidence
    Bill of lading and shipping documents.

    Released on documents

  6. Delivered

    The container arrives. The buyer confirms against the evidence pack.

    Trigger
    The container arrives and the buyer confirms.
    Evidence
    Arrival confirmation, checked against the evidence pack.

    Released on delivery

If the supplier misses contracted dates, any money still held goes back to the buyer. The exact stages are set in your contract.

Who holds the money

A licensed escrow partner. Not us, not the supplier.

A licensed escrow partner holds the buyer's money. Veraloop never holds it. The partner releases money only against the evidence for each step, under the contract both sides signed.

We confirm who the escrow partner is before you sign any contract.

  • Held by a licensed escrow partner, not by Veraloop and not by the supplier.
  • Released only on proof, in the stages set in your contract.
  • If the supplier misses contracted dates, any money still held goes back to the buyer.

If something goes wrong

Every release needs evidence. Without it, the money stays where it is.

The supplier misses the contracted dates
Any money still held goes back to the buyer.
The material fails the yard check
Nothing is released. The supplier fixes the load, or the deal stops and the money goes back to the buyer.
Loading is not recorded
No payment stage is released until loading is recorded and confirmed.
The documents do not match the contract
No payment stage is released until the documents match.
The grade is disputed after delivery
It is handled under the dispute terms in your contract.

Compared

Three ways to pay for a first deal.

Paying upfront, a letter of credit and Veraloop, compared on who holds the money, what is checked, what happens when something goes wrong, paperwork and fees, and what the supplier gets.
Question Paying upfront Letter of credit Veraloop
Who holds the money before shipment The supplier. The buyer's bank backs the payment and pays when the right documents are presented. A licensed escrow partner.
What is checked before money moves Nothing. The documents, not the material. The material at the yard, the loading and the documents.
If the metal never ships The buyer chases the supplier. There are no valid documents, so no payment. Any money still held goes back to the buyer.
If the grade is wrong The buyer finds out on arrival. The documents can be correct while the material is not. The grade is checked against the contract before any release. Disputes follow the terms in your contract.
Paperwork and fees Little paperwork. The buyer carries all the risk. Bank fees and paperwork on both sides. A small fee per completed deal, confirmed before you sign. The evidence pack is produced for you.
What the supplier gets Paid first. Payment when the documents are accepted. Proof the money exists before loading. Paid in stages, on proof.

Fees

Early access is free.

When you trade, Veraloop charges a small fee per completed deal. We will confirm the exact fee before you sign any contract. No hidden charges.

Make your next first deal a safe one.

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