‘Escrow’ refers to money held by a trusted third-party on behalf of the buyer and seller. The payment is released to the seller only after the buyer is satisfied all the terms of the agreement have been met and this is what AtaraPay offers.
Agree on a Price
Secure your online escrow deposit
Delivery of Product or Service
Pay after inspecting your purchase
Enjoy a safe and worry free service
Both seller or buyer are kept in the know of every stage of the transaction, whether the order was rejected or accepted or cancelled by the buyer.
When the buyer pays into the escrow account, the funds are held securely in escrow until the end of the transaction. As the buyer, you do not experience any loss or risk to your money.
When a purchase is made online, an unserious buyer may decide to cancel the order much later after the order may have been packaged by the seller and ready for dispatch. With AtaraPay, sellers can now enforce a cancellation fee to weed out unserious buyers.
Cash on delivery (COD) and cheques are both payment options that slow down the delivery process. They are both prone to delays and paper documentations which easily expose the transaction to fraud
Online payment on the other hand is made securely at the comfort of your home or office or while on holiday anywhere anytime without bothering about delays.
AtaraPay supports online bank transfer, debit/ credit card and cash payment methods which can be used to pay into escrow for small transactions like buying a toy for your child or big-ticket transactions like purchasing a parcel of land for your dream home or an oil & gas deal.
Either way, AtaraPay protects you from financial loss and fraud while online or offline.
For Sellers that want to reduce fulfilment risks
For Sellers that prefer cash in advance for their service.
For first time business transactions
For serious buyers with high liquidity.
For high value transactions
For funds protection without underwriting
For parties unfamiliar in a transaction.
For short term transactions.
All funds paid into escrow are insured by our insurance partner. So buyer and seller are equally protected
Pay online using card or wire transfer or pay offline usinhg cash
Seller is settled online and in realtime
Enjoy best-in-class customer service
OEM packed goods from e-commerce websites.
Online Contract Service such as freelance work providers.
Motor Vehicles and Airline tickets (direct/ non-agency sales)
Property rental payments, Land and house purchase.
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