Verifipay

Introducing Verifipay, we are India's first 'Pay Now, Release Later' payment option that provides an instant digital escrow facility for all e-commerce transactions and also enables anyone anywhere to make an escrow transaction in less than 10 secs, for free. Fear of fraud demotivates a large number of prospective buyers from paying online, leaving COD as the only option. Nearly 65% of Indian online shoppers prefer Cash on Delivery, but it comes with it’s own share of worries for E-tailers. A majority of RTO orders are from CoD orders. 1 in 3 orders get returned to the warehouse. Impulse purchases from buyers. Additional cash handling charges to the 3PL service providers. CoD orders take over a week to reflect in the seller’s balance sheet. Verifipay entrusts buyers and sellers with CoD benefits without consequences by providing security from online payments fraud to buyers and a replacement for COD transactions to sellers, by acting as a trusted third-party that collects, holds and disburses funds according to the dynamic digital agreement that gets created between the parties in transaction. Now you can buy and sell without the usual risk!