Category: buyer protection

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buyer protection online scams

A Sad Reality

Imagine this scenario:

After years of sitting at home looking for a job and not getting one, you finally decide that enough is enough and decide to start your own small business. You start looking on Facebook and other places for things to sell.

Eventually, you find something. A lady in Johannesburg is selling 10 pairs of shoes at R250 each. The shoes are so beautiful that you could easily sell them for double that price. The problem is that you don’t have the R2500 you need to buy the stock. But you believe so much in the product and your ability to sell it. So you decide to borrow the money from a friend or a relative.

You then contact the seller, exchange phone numbers, address details and bank account numbers. You send the money off to the seller and patiently wait for your stock to arrive. In the meantime, people are starting to place orders with you in anticipation of the the stock that is on its way.

One week passes. Then two. Then three. And the stock has not arrived. You contact the seller and get no response. You send messages. Still no response. Another few weeks go buy and as hard as it is, you are forced to accept that you have been the victim of a scam. Now, not only have you lost R2500 but you now owe that amount to the friend or relative you borrowed it from.

Stories like this one happen everyday. Every single day. The good news is that it does not have to be that way. Not with Paysho around.

Whether it is physical or digital goods, Paysho ensures that all buyers and sellers are protected equally and can transact with each other in complete peace of mind. Click here for more information on how Paysho works.

#BeSureWithPaysho

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buyer protection Uncategorized

Beware of COVID-19 Scams

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:

  1. The buyer and the seller agree to the terms of the transaction.
  2. Paysho collects the funds from the buyer and the seller is notified that the funds have been secured.
  3. The seller ships the agreed goods to the buyer
  4. The buyer receives and inspects the goods
  5. If the buyer accepts the goods, Paysho releases the funds to the seller.

#BeSureWithPaysho