The Flip Desk lets a seller ("Owner") offer a whole app or digital business — its code, domain, content, accounts and customer relationships — to buyers ("Acquirers"). These terms add to the Terms of Service and the Seller Agreement. Owners and Acquirers accept them with a separate checkbox.
1. What can be sold
- Assets only. The Flip Desk is for sales of assets: source code, domains, content, trademarks, app-store listings and the right to serve existing customers.
- No company shares. Sales of stock, membership interests or other equity or securities, and any deal paid with equity, revenue shares or future payments, are not allowed on the Flip Desk. GreenGo is not a broker-dealer, business broker or investment adviser.
- The Owner must own or have the right to transfer every asset listed, free of liens, and the sale must not break any third-party terms (for example, app-store or API terms).
2. Listing and metrics
- Public teaser. The public page shows a summary the Owner approves, without confidential details.
- Connected metrics. Figures marked "From the Owner's Stripe account" are read automatically and read-only from the Stripe account the Owner connected, for the period shown. GreenGo does not audit or verify them and does not check who the paying customers are. They may include payments from people related to the Owner, and may leave out revenue outside that account, later refunds or chargebacks, costs and fraud. Next to the figures we show the period, the date they were read, and "Read from the Owner's Stripe account · not audited by GreenGo." Owners must not create, inflate or route payments to change these figures; doing so is a material breach of these terms.
- Owner statements. Any other figure or statement comes from the Owner, who is responsible for its accuracy.
- Green Light. The latest Green Light report is shown to Acquirers, with the limits set out in the Green Light Check Terms.
3. Data room and confidentiality
- To enter the private data room, an Acquirer accepts a confidentiality agreement: use the information only to evaluate the deal, share it only with advisers under the same duty, do not contact the Owner's customers, staff or suppliers about the deal without consent, and return or delete it on request. These duties last 2 years after access, and indefinitely for source code and trade secrets.
- Owners may not put customers' personal data in the data room. Use aggregated or de-identified figures until closing.
4. Offers and the purchase agreement
- Offers made on the Flip Desk are non-binding until both sides sign the purchase agreement.
- GreenGo provides an optional standard Asset Purchase Agreement template. The parties may change it, are responsible for its content and should use their own lawyers. GreenGo does not give legal, tax or financial advice.
- Acquirers should do their own due diligence, including on code, revenue, customers and legal compliance.
5. Closing
- Payment. For a closing price up to US$10,000, the Acquirer pays by bank transfer through GreenGo checkout. GreenGo collects it as the Owner's limited payment agent. The Acquirer's payment to GreenGo satisfies the Acquirer's obligation to pay the Owner that amount. Following the Owner's instructions in these terms, the funds remain unavailable for payout until released under "Inspection," or are returned to the Acquirer under "Failed transfer." For a closing price above US$10,000, the parties must close through a licensed escrow provider; GreenGo does not collect or hold those funds, and its fee is invoiced to the Owner at closing. GreenGo is not an escrow agent and never holds Flip Desk funds in trust.
- Reversed payments. If the Acquirer's payment is reversed after release, the Owner must repay that amount, and GreenGo may recover it under the Seller Agreement.
- Transfer. The Owner transfers the assets on the closing checklist within 7 days: code repository, domain, hosting, app-store listings, third-party accounts and keys (which the Acquirer should rotate), and documentation.
- New York bulk-sale notice. If the Owner is a New York sales-tax vendor, the Acquirer may need to file Form AU-196.10 with the New York State Department of Taxation and Finance at least 10 days before paying or taking possession, or it can become liable for the Owner's unpaid sales tax. The closing checklist includes this step; the Acquirer decides with its advisers whether it applies.
- Inspection. The Acquirer has 7 days after the Owner marks the transfer complete to confirm receipt, or to report what is missing. Payment is released on confirmation or, if the Acquirer does not respond, at the end of the 7 days. Deals closed through a licensed escrow provider follow that provider's release terms.
- Failed transfer. If the Owner does not complete the transfer, the Acquirer can cancel for a full refund. GreenGo can help resolve disagreements about the checklist but does not decide claims under the purchase agreement.
- Customers and data. Transfer of customer personal data must follow the Owner's privacy policy and the law, including any notice to customers.
- Buyer Protection does not apply to Flip Desk deals; this Section 5 applies instead.
6. Fees
GreenGo's fee is 5% of the closing price, paid by the Owner and deducted at release. There is no listing fee. If an Acquirer first introduced through the Flip Desk buys the listed assets off the Platform within 12 months of first access, the 5% fee is still owed.
7. Owner promises
The Owner promises that it owns the assets, that the listing and data room are accurate and not misleading, that it has disclosed known security problems and legal claims, and that the transfer will not violate any law or contract. The Owner also promises that it has filed the returns and paid the sales and other taxes due on the business through closing, and will repay the Acquirer for any such tax the Acquirer is made to pay.
8. Liability
Owners and Acquirers are responsible to each other under their purchase agreement. GreenGo is not liable for either party's statements or performance. GreenGo's total liability for a Flip Desk deal is limited to the greater of the fee it earned on that deal or US$1,000, except for its gross negligence, willful misconduct or failure to release or refund payment as these terms require.