3rd party payments

We are able to reduce the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both the buyer and seller are satisfied. 

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Our solution gives buyers and sellers the opportunity to work together without expensive and often insecure common payment conditions like L/C's, CAD, credit insurance or pre-payments. 

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How does it works? 

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1. Review SPA contract

First of all, we start by looking at a SPA contract to be able to approve a transaction process. The contract needs to be signed between the parties.

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2. Buyer and seller agree to use our contract and service.

Buyer and Seller accept the terms of the transaction. Our contract will be sent to both Buyer and Seller for approval and signature.

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3. Submit payment 

Buyers of the service submit the payment to start the case. We verifies the payment and then the Seller is notified that funds have been secured.

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4. Seller ships the material to Buyer 

Upon payment verification, the Seller is authorized to send the material and submit tracking information. We verifies that the Buyer receives the material.

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4. Buyer accepts materials 

The Buyer then has, according to the contract written between the parties, a certain number of hours or days to inspect the material with the option of accepting or rejecting it. If not approved, the Buyer will raise a dispute and enter the dispute resolution process.

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5. Funds released to the Seller 

If the material is accepted by the Buyer according to the written specifications in the contract, the funds will be released to the Seller.