How JMT protects your transaction
Trust on JMT is structural — written into the workflow, the database, and the audit trail. Below is exactly what JMT does, what is your responsibility, and where the limits are.
Payment protection
JMT operates as the trusted intermediary between buyer and seller. When you pay, your funds are received and held by JMT. Sellers do not receive payout until the Bill of Lading is issued and verified by JMT finance.
JMT is the system of record for your payment and the operational gatekeeper between payment-received and seller-paid-out. The exact legal characterisation of this payment-protection mechanism is pending counsel review; the final wording will be published with the final terms. You see the status of your payment, your transaction, and the document chain on your Buyer Hub at every step.
Currency is JPY-canonical: every contract amount, payment, and payout is denominated in Japanese yen. USD values shown on listings are display-only estimates based on a refreshed FX reference and do not lock the contract rate.
What JMT does
- Records your payment under your transaction and stamps the receipt timestamp.
- Refuses to release seller funds until the B/L has been issued and confirmed.
- Audits every state change with actor, role, and reason in an append-only log.
What you do as buyer
- Verify listing details (specs, photos, condition disclosures) before paying.
- Confirm the final quotation in writing through JMT before sending funds.
- Check import duties, taxes, and destination-country requirements on your side.
B/L verification
The Bill of Lading is the document that proves your machine has been loaded for export. JMT does not advance the transaction toward seller payout until logistics has uploaded the B/L and finance has confirmed it.
Confirmation is more than a checkbox. Finance cross-checks the B/L chassis or serial number against the listing record. A mismatch raises a compliance flag and blocks payout until super-admin review resolves it.
You see the B/L status in your Buyer Hub as a three-stage badge: not issued, issued, and verified by JMT. The underlying file stays private to JMT during this section of the workflow.
What JMT does
- Receives the B/L from logistics, records uploader and timestamp.
- Cross-checks chassis or serial number against the listing record.
- Holds payout when a mismatch is detected, regardless of role.
What you do as buyer
- Watch the B/L status on your order; ask JMT support if anything is unclear.
- Confirm receipt at your destination port and notify JMT of any discrepancy.
- Keep your destination country and port up to date in your buyer profile.
Seller verification
Every seller publishing on JMT is verified before any listing is approved. JMT reviews company registration, kobutsusho (古物商) license, and yard documents for Japan-domiciled dealers, plus the trading-name your buyers actually see.
Verification has lifecycle stages: pending verification, verified, premium verified, and suspended. The verified badge on a listing reflects the seller's current status; suspended sellers cannot publish new listings or open new transactions.
Verification documents are stored privately and never shown to buyers. Only the seller's organization name, country, and verification status appear on public surfaces.
What JMT does
- Reviews seller documents within 1–2 business days during business hours.
- Re-checks expiring licenses and flags documents that are about to lapse.
- Suspends sellers when serious issues are raised; restores when resolved.
What you do as buyer
- Look for the Verified seller badge on listings before sending inquiries.
- Flag any listing that looks misrepresented through the inquiry channel.
- Use the JMT inquiry inbox rather than off-platform contact channels.
Sanctions & export controls
JMT screens buyers and sellers against publicly available sanctions data. Users flagged on a sanctions list cannot complete inquiries, offers, or transactions. We also block transactions to sanctioned destination countries.
Japan applies its own export-control rules (METI / 外為法) on top of any rules in your destination country. JMT helps with documentation but does not act as your export-control compliance officer; final responsibility for import licensing and customs sits with you.
If a transaction is flagged for compliance review, JMT pauses payout, notifies the seller and buyer in their respective hubs, and investigates. Most flags are resolved quickly; serious flags can permanently block a transaction.
What JMT does
- Runs sanctions screening on signup and re-checks periodically.
- Blocks transactions to sanctioned countries and persons.
- Holds payout when a chassis mismatch or other compliance flag is open.
Where JMT stops
JMT protects the transaction process. JMT does not guarantee mechanical condition beyond what is disclosed by the seller, does not act as an inspection company, and does not provide legal advice on import compliance in your destination country.
Shipping, import duties, local taxes, customs clearance, and destination-country regulatory requirements remain buyer-side responsibilities unless we have separately agreed otherwise in writing.
When in doubt, contact JMT before paying. We will tell you in plain language what we can and cannot stand behind for your specific transaction.