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Escrow


Buyers and sellers can carry out escrow transactions between each other simply, securely and in full compliance. PromisePay collects, holds, and releases funds for your customers on your marketplace.

Patented

SAFE & SECURE PAYMENTS


Escrow by its nature is one of the world's oldest and safest forms of transaction methods. Through a neutral party, holding onto the funds while the physical assets are exchanged, ensures both buyers and sellers are equally protected.

MULTIPLE PAY IN & OUT


For domestic or global transactions, buyers can select from a range of payment methods, while sellers can choose to be paid out in a number of convenient ways. Major credit cards, bank transfers and PayPal are all accepted.

Frictionless ONBOARDING


At no extra cost, you can onboard global sellers seamlessly within your workflow when they sign up, just as they are about to transact, or wherever your workflow permits, without ever redirecting them off site.

STAY AT ARM'S LENGTH


Payments between buyers and sellers will never touch your accounts, meaning your marketplace can stay at a comfortable distance from the transaction, while staying in full control of the workflow, fee structure, and pay out schedule.

How Escrow works


Your customers transact with peace of mind

  • Step 01

    TRANSACTION IS INITIATED


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  • Step 02

    BUYER MAKES PAYMENT


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  • Step 03

    PAYMENT HELD IN ESCROW


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  • Step 04

    ASSETS CHANGE HANDS


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  • Step 05

    PAYMENT RELEASED TO SELLER


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  • Step 06

    PAY OUT & FEE COLLECTION


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  • Step 07

    TRANSACTION IS COMPLETE


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While the listings model of marketplaces has a rich history, we believe it will increasingly be relegated to a limited set of categories. In its place, we expect to see the continued emergence of transactional and end-to-end marketplaces, which will be disruptive forces on their predecessors.


Simple integration


Integrate an MVP or create your own custom flow

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POWERFUL API

If it’s more control you’re after, look no further. Build a custom payflow to your exact requirements using our powerful, full stack collection of over 80 API’s and ‘micro services’. Ensure complete control through full flexibility.

  • Full control of your workflow
  • Seamless user experience
  • Full flexibility through over 60 API’s

Rich with features


Perfect for secure payments between buyers and sellers

Escrow pricing


Unbeatable capability packed into a custom set pricing structure

0.5%


Per transaction

Plus

For large transaction volumes please contact us