FAQ Symblepay

Here you will find answers to most questions regarding the Symblepay app, Escrow for marketplaces, and Escrow for Business.

FAQ – Symblepay app

Here you will find answers to the questions we most frequently receive.

1. When will I receive my payout?

We typically process payouts on all business days. Therefore, funds from a transaction are usually scheduled for payout on the first banking day following the completion of the transaction.

2. How do I correct my account number?

Go to settings ⇒ Receiver account ⇒ Add payment method.

3. Can I cancel a transfer?

No, the transfer is binding. However, as the buyer, you can reject and return the item. Once the item is returned, the transaction amount will be refunded minus fees.

4. What happens if the seller does not ship the item?

If the item has not been shipped within 6 days, the transaction will be canceled, and you will receive your money back from the escrow account minus the transaction fee.

5. I have been scammed by the buyer - what do I do?

You must reject the condition of the item and state the reason, then contact customer support by phone.

6. How do I block my Symblepay account?

You can block your Symblepay account via our website - Block Account or by contacting our customer support.

7. My account is blocked, how do I open it again?

If you need to open your Symblepay account, please contact our customer support by phone.

8. I can't log in, what should I do?

If it's not due to faceID or PIN code issues, please contact our customer support by phone.

9. How much can I transfer with Symblepay?

The maximum amount per transaction is DKK 15,000. You can handle a maximum of DKK 50,000 per calendar month.

10. How do I return an item?

You must reject the condition of the item within 12 hours of collection at the parcel shop. After rejection, you need to purchase a shipping label in the app and return the item.

11. Can the item be sent to a different address?

Yes, go to settings ⇒ address ⇒ Add alternative address (which will become the primary address going forward - NOTE: must be added before purchasing a shipping label).

12. Who bears the risk of shipment?

The sender does - insured by our insurance partner.

13. Is it safe to pay with Symblepay?

Yes - we are the market's safest payment solution for private transactions and can be used across all deal sites and marketplaces.

14. I've got a new mobile number - what do I do?

Go to settings ⇒ phone number and enter your new mobile number.

15. How many accounts can I create?

As many private accounts as you want.

16. What happens if I do not approve the item?

If you do not approve the item within the 12-hour deadline from collection, it will be considered approved, and the trading amount will be paid to the seller.

17. I have been scammed by the seller - what do I do?

You must reject the condition of the item and state the reason, then contact customer support by phone.

18. The item is not as described - what do I do?

Reject the condition of the item and state the reason before the deadline and return the item to the seller.

19. How do I update my address when I have a confidential address?

Go to settings ⇒ Address ⇒ Add alternative address.

20. What do I do if I lose my phone?

You can block your Symblepay account via our website under the "Block Account" menu or by contacting our customer support by phone.

21. What do I do if I have transferred the wrong amount?

A transfer cannot be stopped or returned. We recommend contacting the seller to cancel the transaction and create a new one.

22. Who covers damages during transport?

Shipping is covered by our shipping and insurance partners.

23. My package is damaged - what do I do?

Call customer support.

24. Who pays for shipping when rejecting an item?

When the buyer rejects the item, they bear the shipping costs for the return shipment.

25. MitID isn't working?

It is most likely a problem with MitID. Please contact MitID.

26. I forgot my code - what do I do?

If you cannot log in with faceID or PIN code, you can create a new code with MyID by clicking "Forgot code?" on the login page.

27. Why do I need to provide my CPR number?

As Symblepay is subject to anti-money laundering legislation, your CPR number is required as part of our KYC (Know Your Customer) process.

28. Hvad sker der hvis jeg ikke afhenter varen som køber?

Hvis køber ikke afhenter varen inden pakken sendes retur, vil handelsbeløbet blive udbetalt til sælger.

FAQ – Escrow for business

Here you will find answers to the questions we most frequently receive.

1. What is SymblePay Escrow for Business?

SymblePay Escrow for Business is a secure payment solution designed specifically for business-to-business (B2B) transactions. It provides a reliable platform where buyers and sellers can conduct trade agreements with trust and security.

2. How does SymblePay Escrow for Business work?

Once a trade agreement is made, the buyer deposits funds into our secure Escrow account. These funds remain locked until all terms of the agreement are fulfilled. When the agreement is satisfactorily completed, the funds are released to the appropriate party.

3. Which deposit methods can be used?

All known deposit methods such as credit cards, bank transfers, and IBAN/SWIFT can be used to deposit funds into the SymblePay Escrow for Business account.

4. How are funds disbursed once they are released?

SymblePay disburses funds daily to the account specified for withdrawal.

5. What are the benefits of using SymblePay Escrow for Business?

By using SymblePay Escrow for Business, you gain access to a reliable and transparent payment platform that reduces the risk of fraud and misunderstandings. Our dedicated support team is ready to assist you with any questions or concerns throughout the entire process.

6. Is SymblePay Escrow for Business secure?

Yes, security is our top priority. Symblepay operates under licenses and is supervised by the Financial Supervisory Authority (FTID 22041). We ensure and protect your transactions and information against unauthorized access or misuse.

7. How do I get started with SymblePay Escrow for Business?

Are you ready to optimize your business processes with trust and security? Contact our team today to learn more about how SymblePay Escrow for Business can be tailored to your needs.

8. How do I contact the SymblePay Escrow for Business team?

You can contact our business team by sending an email to [email protected] or by calling our main number +45 69 88 49 21. 

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