1
Seller deposits USDC and adds their Venmo
The seller creates a listing, deposits USDC into the escrow smart contract on Base, and provides their public Venmo username. Funds are locked on-chain until the trade completes.
How it works
Trustless USDC escrow with automated Venmo verification
2
Buyer claims the trade
A buyer claims the listing, locking it so no one else can take it. The buyer sends the exact USDC amount in fiat via Venmo to the seller, using the unique trade code as the payment note — for example CAPO-4829.
3
Capo P2P verifies the Venmo payment
Once the buyer marks payment as sent, Capo P2P automatically checks the seller's public Venmo feed for a payment from the buyer containing the trade code. No screenshots needed — we verify directly on Venmo.
4
Seller confirms amount and releases
When the payment is detected, the seller is notified to check their Venmo and confirm the amount matches. Once confirmed, the seller releases the USDC to the buyer. The buyer receives USDC minus a 1 USDC protocol fee.
5
Dispute resolution
If something goes wrong, either party can open a dispute. The arbitrator reviews the Venmo verification record and any additional evidence. See the Disputes page for full details.
FAQ
Why Venmo only?
Venmo has a public transaction feed that lets us verify payments without requiring access to your bank account. This means no KYC, no bank login, and automated verification.
Does my Venmo need to be public?
Yes. Both buyer and seller must have public Venmo profiles for verification to work. Set this in Venmo Settings → Privacy → set to Public.
What if verification fails?
Make sure your Venmo is set to public, the payment note is exactly CAPO-{tradeId}, and you've waited 2-3 minutes for Venmo to update. If it still fails you can open a dispute.
Is this custodial?
No. Funds are held by a smart contract on Base, not by Capo P2P.
What are the fees?
1 USDC per completed trade.
What wallets are supported?
Any EVM wallet on Base. We recommend MetaMask or Rabby.
Contact us on Telegram
Need help with a live trade or verification issue? Contact us on Telegram.
Contact us on Telegram