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To Pay Or Not To Pay, Before Delivery? That Is The Question! - Business - Nairaland

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What Can One Do To Convince Customers To Pay Before Delivery / What Do You Now About Opay? Does It Really Pay Or Not? / To Pay Or Not To Pay, Before Delivery? That Is The Question! (2) (3) (4)

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To Pay Or Not To Pay, Before Delivery? That Is The Question! by lobell: 3:13pm On Jan 28, 2018
TO PAY OR NOT TO PAY, BEFORE DELIVERY?

The truth about ecommerce in Nigeria is that there is no trust. Trust is the blood that keeps ecommerce functioning. If you have sold using the two models (payment before or after delivery) on any platform before, you will agree with me that you get more orders with a pay after delivery model than with a pay before delivery model. You will also agree with me that you get more returned/cancelled orders, not because of the quality of your items but mainly because buyers are not there to pick up their items. I even heard that some buyers buy from up to three different merchants and pay for the one that arrives first leaving the remaining two with returned orders. This is because a pay after delivery model gives too much power to the buyer. A pay before delivery model also gives too much power to the seller as the seller can deliver substandard goods or services after a buyer has parted with her/his money. There is mutual distrust between buyers and sellers alike. This is why there is no trust in the ecommerce industry in Nigeria. What is the solution to this quagmire?

THE SOLUTION

Forexcrow Services (https://forexcrow.com) is an online escrow service and marketplace that removes the mutual distrust between buyers and sellers and gets them to place and grow their trust in the system. A seller is assured that the buyer is committed to purchasing her/his item, and the buyer is assured that the seller does not get paid unless s/he is satisfied as well. Win-win for both of them. You can sell any and everything (goods, services, physical, abstract, etc) on www.forexcrow.com within the ambit of the law of course.
https://forexcrow.com runs on a feedback rating system whereby both sellers and buyers leave feedback for each other at the end of a transaction. Buyers or sellers that consistently under-perform receive low ratings and buyers or sellers that do well receive higher ratings leading to increased sales for the seller as more and more buyers trust them increasingly.

HOW DOES FOREXCROW SERVICES WORK?

Forexcrow.com reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both parties are satisfied that the transaction is complete.

1. The Seller lists an item or service, after registering at https://forexcrow.com. The Buyer agrees to the terms of the transaction and initiates it.
2. The Buyer submits the agreed payment by approved payment method to our secure forexcrow account managed by the Admin. The Admin confirms this payment and notifies the Seller to go ahead and carryout transaction as per agreement.
3. The Seller carries out transaction as per agreement and brings proof of completion/delivery or waits for buyer to confirm completion/delivery.
4. Buyer approves service or delivery. The Buyer confirms completion/delivery and accepts or raises concerns with it.
5.The Admin releases funds less sales transaction fees to the Seller's account.

Transaction is completed - Safely and securely using the Forexcrow advantage!

THE FOREXCROW ADVANTAGE

Using a trusted escrow service to buy and/or sell goods and services online is the safest and most secure way to complete transactions online. Forexcrow.com acts as your personal security to ensure a safe and secure transaction for both buyers and sellers alike.
www.forexcrow.com will be going live on Feb. 01, 2018 at exactly 00.00hrs. Signup anytime after this time and be a part of this unique online community. See you then!

Best regards,
Isaac Bello
Forexcrow Services.

Re: To Pay Or Not To Pay, Before Delivery? That Is The Question! by Nairaplus(m): 5:37pm On Jan 28, 2018
If the escrow thing is the main catch, then, how is this different from other existing escrows?

1 Like

Re: To Pay Or Not To Pay, Before Delivery? That Is The Question! by lobell: 7:19pm On Jan 28, 2018
Nairaplus:
If the escrow thing is the main catch, then, how is this different from other existing escrows?

This one is different. It combines a fully functional marketplace (secondary function) with the online escrow service (primary function). You can auction your item, sell for a fixed price or even own your own store. It's unbelievable! but just wait till the 1st of February when all will be revealed. Save the date and ensure you signup when it launches. See you then!

Cheers mate.
Re: To Pay Or Not To Pay, Before Delivery? That Is The Question! by ministeriallist: 6:18pm On Feb 08, 2018
lobell:
TO PAY OR NOT TO PAY, BEFORE DELIVERY?

The truth about ecommerce in Nigeria is that there is no trust. Trust is the blood that keeps ecommerce functioning. If you have sold using the two models (payment before or after delivery) on any platform before, you will agree with me that you get more orders with a pay after delivery model than with a pay before delivery model. You will also agree with me that you get more returned/cancelled orders, not because of the quality of your items but mainly because buyers are not there to pick up their items. I even heard that some buyers buy from up to three different merchants and pay for the one that arrives first leaving the remaining two with returned orders. This is because a pay after delivery model gives too much power to the buyer. A pay before delivery model also gives too much power to the seller as the seller can deliver substandard goods or services after a buyer has parted with her/his money. There is mutual distrust between buyers and sellers alike. This is why there is no trust in the ecommerce industry in Nigeria. What is the solution to this quagmire?

THE SOLUTION

Forexcrow Services (https://forexcrow.com) is an online escrow service and marketplace that removes the mutual distrust between buyers and sellers and gets them to place and grow their trust in the system. A seller is assured that the buyer is committed to purchasing her/his item, and the buyer is assured that the seller does not get paid unless s/he is satisfied as well. Win-win for both of them. You can sell any and everything (goods, services, physical, abstract, etc) on www.forexcrow.com within the ambit of the law of course.
https://forexcrow.com runs on a feedback rating system whereby both sellers and buyers leave feedback for each other at the end of a transaction. Buyers or sellers that consistently under-perform receive low ratings and buyers or sellers that do well receive higher ratings leading to increased sales for the seller as more and more buyers trust them increasingly.

HOW DOES FOREXCROW SERVICES WORK?

Forexcrow.com reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both parties are satisfied that the transaction is complete.

1. The Seller lists an item or service, after registering at https://forexcrow.com. The Buyer agrees to the terms of the transaction and initiates it.
2. The Buyer submits the agreed payment by approved payment method to our secure forexcrow account managed by the Admin. The Admin confirms this payment and notifies the Seller to go ahead and carryout transaction as per agreement.
3. The Seller carries out transaction as per agreement and brings proof of completion/delivery or waits for buyer to confirm completion/delivery.
4. Buyer approves service or delivery. The Buyer confirms completion/delivery and accepts or raises concerns with it.
5.The Admin releases funds less sales transaction fees to the Seller's account.

Transaction is completed - Safely and securely using the Forexcrow advantage!

THE FOREXCROW ADVANTAGE

Using a trusted escrow service to buy and/or sell goods and services online is the safest and most secure way to complete transactions online. Forexcrow.com acts as your personal security to ensure a safe and secure transaction for both buyers and sellers alike.
www.forexcrow.com will be going live on Feb. 01, 2018 at exactly 00.00hrs. Signup anytime after this time and be a part of this unique online community. See you then!

Best regards,
Isaac Bello
Forexcrow Services.
I sent you a message on contact page of your Web site. Kindly reply or contact me by email: joesajib@gmail.com
Re: To Pay Or Not To Pay, Before Delivery? That Is The Question! by lobell: 11:49am On Feb 09, 2018
ministeriallist:

I sent you a message on contact page of your Web site. Kindly reply or contact me by email: joesajib@gmail.com

You've got mail!

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