Verifipay is a trusted third party service that holds and regulates payment between two parties associated in a given
exchange. Verifipay ensures that the transaction is carried out according to the agreed terms and conditions.
Why Should I use Verifipay?
Verifipay helps make transactions more secure by keeping the payment in a safe & secure vault which is discharged when
all terms of understanding between buyer and seller are met as managed by Verifipay. Transacting parties are notified
at all stages of a transaction, thereby eliminating any uncertainty. Verifipay extensively verifies each payment and
ensures peace of mind transactions and in case of disputes, Verifipay mediates solely based on facts and evidences
provided by both parties.
What kinds of transaction can I create using Verifipay?
Transactions where you don't know the seller or you haven't seen the product or you are going to receive the service/product after a period of time.
Simply login and Create any Transaction, Pay the Amount related to the Transaction and Release only when you recieve the Product/Service as agreed on.
Who can setup a transaction?
Either buyer or seller can initiate transactions. In case of buyer, initiate fund transfer to seller and Verifipay
verifies their credentials. And in case of sellers, initiate fund transfer request to buyer and Verifipay verifies
their credentials. After transaction is created, both buyer and seller agree on terms. Funds are then transfered to
Verifipay's vault and are held securely untill buyer confirms satisfaction.
Can i change terms later?
Complete Term can only be modified before the agreement is accedpted by both Buyer & Seller. Once the Buyer pays the amount as per the agreement, only seller can change the ETA of the Transaction.
What is ETA?
ETA stand for Estimated Time of Arrival. Its the estimated time by which the buyer will receive the Product/Service. Only Seller can modify the ETA as per the delivery update and Buyer has the ability to Cancel/Accept the Proposed ETA.
Verifipay is a trusted third-party that collects, holds and disburses funds when both buyer and seller are satisfied.
Verifipay extensively verifies credentials of seller to ensure that you are not scammed. Buyer & Seller both are updated with the statues captured by Verifipay on every transactions.
What if Buyer pays and does not get the Product/Service delivered?
If Seller by any situation is not able to meet the terms of agreement. Refund is automatically initiated to Buyer.