Harapan Pemuda Sadang: PayVX - The safest and most efficient payment service through the use of escrow payment networks

Hi friends, this time I would like to introduce about PayPX Platform

Hopefully with this article I can share the information for you

What is escrow service?

Escrow is a financial arrangement in which a third party holds and regulates the payment of funds required for two parties involved in a particular transaction. This helps make the transactions safer by saving payments in a secure escrow account that is only released when all terms of the agreement are met as overseen by an escrow company.

Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a website being built where the buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn’t want to extend a massive amount of work without any assurance that he or she will receive payment. While traditional escrow service is quite difficult and must be obtained through banks and lawyers, PayVX provides online escrow services at affordable rates. While the payment is 'In Escrow' the transaction can be safely carried out without risk of losing money or merchandise due to fraud. This eliminates all legal jargon and allows for secure transactions and confident buyers and sellers.

How does Escrow Work?

PayVX reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.

1. Buyer and Seller agree to terms - Buyer or Sellers get started

transaction. After signing up for PayVX, all parties agree to the terms

transaction.

2. Buyer pays PayVX (escrow) - Buyer sends payment

with an approved payment method for our Escrow Account

secure, Escrow.com verifies payment, Seller notified that

funds have been secured 'In Escrow'.

3. Seller sends / sends goods or services (eg website) to

Buyer - After payment verification, Seller is authorized to submit

goods or services and submit tracking information. PayVX

verify that Buyer receives merchandise.

4. Buyer receives merchandise - Buyer has a number of days

to be checked for merchandise or services and an option to receive

or reject it. Buyer receives merchandise or service.

5. PayVX (escrow) pays Seller - PayVX releases funds to the Seller

from the Escrow Account.