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  • Writer's pictureLuke Derkson

Guaranteed Payment through Escrow

Updated: Nov 9, 2023

All MGX Registered Buyers are vetted to determine their CGC license and bond status and ensure they have the capacity to purchase grain on the Canadian prairies. However, Buyers are not required to be licensed by the CGC to purchase commodities on My Grain Exchange.


To ensure peace of mind for our users, we are investigating an escrow service to guarantee payments from buyers to sellers and make #MGXAuctions risk-free. More details to come.


What is Escrow?


Questions?

Contact Luke Derkson, Director of Customer Relations

(306) 244-1124

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