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What is it for
For the protection of freelance transactions. | |
Virtual goods trade protection (for example in games, domain names trading). | |
Courier delivery guarantees in online trading | |
Protection when purchasing goods from individuals by ads boards. | |
Other operations which require some type of guarantee system. |
The service is funded by several commercial companies who need this type of guarantee service, the service fee is not the business goal, that's why the fee is minimal.
How it works
The Customer transfers funds to a special guarantee deposit. The Customer can only withdraw the transferred funds by getting the Contractor’s consent or by an arbitration decision in their favour. | |
The Contractor performs the work or delivers the goods. Working process and payment can be divided into stages. | |
Customer reviews the work and/or goods and if the work and/or goods are satisfactory, permits the transfer of funds to the Contractor from the guarantee deposit. |
Our service is similar to the transaction made by means of safe deposit box, letter of credit or escrow. Our peculiarity is the following: we are not the Transaction Party. Guarantors are parties of the system themselves including professional escrow companies.
Advantages
- Service fee 0.01% is the best of possible.
- Many methods to fill up the balance and withdraw funds all over the world.
- Offers with guaranteed buyback allow getting the real money immediately after the deal is completed.
- Ability to guarantee micro transactions, transactions in virtual goods trading, in online trading, paying freelancers, transactions between individuals and other deals which are difficult or impossible to guarantee via escrow companies or banks.
- Ability to choose how and where to arbitrate.
- Service available Worldwide.
- Possibility for legal entities to make payments using the service.