One silver lining that the COVID-19 pandemic has brought about is the large number of South Africans who have been able to generate an income for themselves by selling different kinds of personal protective equipment including masks, face shields, sanitizer dispensers etc…
Although no formal studies have been done with regards to the revenue that has so far been generated through the buying and selling of this equipment, the surge in the number of related social media posts, websites and classifieds adverts suggests that it is likely to run into hundreds of millions of Rands.
Many of these websites, social media posts and classifieds adverts will be from honest sellers. However, there will also be people that seek to take advantage of unwary buyers and scamming them out of their hard-earned money. Without proper precautions, the goods that a buyer receives may not match what they paid for. Or, worse yet, they may not receive the goods at all.
One way to guarantee that as a buyer you 1) receive the goods you’ve paid for and 2) that they are of the correct standard and quality is to use a reputable escrow service like Paysho to facilitate your payments.
How Paysho works:
- The buyer and the seller agree to the terms of the transaction.
- Paysho collects the funds from the buyer and the seller is notified that the funds have been secured.
- The seller ships the agreed goods to the buyer
- The buyer receives and inspects the goods
- If the buyer accepts the goods, Paysho releases the funds to the seller.