A typical real life example:
A buyer has agreed to buy a mobile phone from on an online classified marketplace. The price agreed upon is R4000. The seller claims that the phone, although not brand new, has no defects or scratches and is in top condition.
For the buyer: There may be the risk something could be wrong with the phone, or it’s not in the condition advertised.
For the seller: There may be the risk that the buyer does not truly intend to purchase the phone; maybe they don’t have the money, or worse, they are posing with the intention to steal it.
By using an escrow service like Paysho, both the buyer and the seller have a much higher level of protection. The buyer is guaranteed that they are guaranteed to either get exactly what they pay for or their money back. The seller is equally protected in that it is only after Paysho has received the money from the buyer will the seller be required to ship the phone. Until such time, they seller get to keep his or her phone.
To learn more about Paysho eliminates all risk and uncertainty associated with buying and selling from classified marketplaces, click here.