1. Create an escrow payment or join an escrow payment
As buyer or seller, create an escrow payment for the goods or service and then invite your business partner via payment link, email, SMS or WhatsApp. If you have received an invitation, join it.
If it is creating a website, renovating your bathroom or paying the moving helpers for your new appartment - using PAYLAX you only pay for what you ordered.
With PAYLAX you can check the result before the service provider receives his money.
The money you deposit stays on the escrow account until work is done and controlled by you.
In his own interest the service provider will make sure that you are satisfied.
After your business partner has accepted your invitation or you have joined the escrow payment, the buyer deposits the agreed amount of money in the insolvency-protected escrow account by bank transfer, credit card (VISA / Mastercard) or SOFORT (Klarna). PAYLAX also supports deposits via transferwise.com.
PAYLAX informs the salesman about the safe receipt of money and he can arrange now carefree the delivery of the commodity or the contribution of the service.
After the buyer has received and verified the goods or service, the money is irrevocably transferred to the seller. The seller can now withdraw the amount free of charge by bank transfer or via transferwise.com to his bank account.
The seller does not receive the money until the buyer has received and verified the goods or service. The release must be made via the PAYLAX account of the buyer.
The buyer cannot withdraw the money without the express consent of the seller. It is not necessary to pass on bank details to the buyer
If you pay the renovation of your kitchen with PAYLAX, the craftsman will receive your money first when you checked his work.
PAYLAX-Escrowprotection offers a maximum of security and prevents fraud.
With your PAYLAX-Account you can always keep a eye on your escrow payments.
The settlement process is in real time and can be controlled via your smartphone.
Your money stays on insolvency-protected trust-accounts and can always be payed out.
After your customer released the money, it cannot be revoked.
Using PAYLAX for payments you can be sure that your customer has enough money to pay for your service - even before you begin your work. This is a big advantage for freelancers and small businesses.
Escrow-Protection prevents fraud in the payment process in advance.
Offer your customers a secure and simple payment method and increase their confidence in your platform.
We are very satisfied with the escrow service. Our clients show that they have the financial means and are willing to pay for the agreed service.