FAQ
Frequently Asked
Questions
BinaxNet is a social-finance platform offering 0% Loan Circles,
Social Trust Escrow, Trust Profiles and secure P2P financial
interactions.
No. BinaxNet is not a bank. Banking operations are handled through
BinaxPay and licensed financial institutions.
No. All BinaxNet Loan Circles operate at 0% interest with
user-controlled rules and transparent repayments.
Funds are locked first, work or delivery happens next, and money is
only
released when both sides confirm the transaction.
Friends, family, colleagues, neighbours or trusted community
members.
Yes. All funds move through licensed institutions via BinaxPay.
BinaxNet never holds customer money.
Yes. Many communities use BinaxNet for shared contributions, group
lending,
secure rentals, and transparent cooperation.
Basic BinaxNet features are free. Small fees apply only for escrow
transactions or verified marketplace operations.
BinaxNet is an independent social-trust platform built to create real reputation, safe cooperation, and trusted interactions. Users access Public Trust Profiles, 0% Community Loan Circles, Social Trust Escrow, and a verified marketplace. All regulated financial operations — including identity verification, balances, and payment accounts — are provided through BinaxPay and its licensed banking partners. BinaxNet is not a bank and does not offer regulated financial services.
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