Welcome to our latest edition of ‘Ask the Expert’!

In this blog post, we’re looking into the world of secure transactions with a focus on Vesicash’s Escrow service. Join us as we sit down with one of our Escrow Specialists to unravel the intricacies of safeguarding transactions and ensuring peace of mind for both buyers and sellers. Get ready to gain valuable insights and answers to your burning questions in this exclusive Q&A session!

What are the most common misconceptions people have about escrow?
Some people may believe that escrow is an unnecessary complication in a transaction, perceiving it as an additional step. However, escrow serves to protect both parties involved by ensuring that funds are held securely until all conditions of the transaction are met.

What advice would you give to someone considering using escrow for the first time?
Make sure you research reputable escrow service providers and properly understand the terms and conditions of the escrow agreement. Ensure you communicate clearly with all parties involved and also verify the legitimacy of the transaction before proceeding.

How has the escrow industry changed in recent years?
In recent years, the way we handle escrow has seen some big changes, mostly thanks to how much we’ve embraced technology. Nowadays, it’s all about doing things online, signing documents with just a click, which makes everything quicker and more convenient. What’s really cool is how escrow services have become more specialized, not just for buying houses but for all sorts of transactions, from buying a car to selling a website. It’s like the escrow world is catching up with the times, making everything smoother and safer for everyone involved.

What are some exciting emerging trends you see in the future of escrow?
Looking ahead, the future of escrow holds some exciting possibilities. Picture this: Imagine transactions becoming not just secure, but transparent like never before, thanks to blockchain technology. It’s like having a digital ledger that nobody can tamper with, ensuring trust for all parties involved. And then there are these things called smart contracts, which can automate the whole escrow process, making it faster and more efficient, without all the back-and-forth. What’s even more fascinating is how decentralized finance is shaking things up, making escrow services more accessible to everyone. So, imagine a world where transactions are not just secure and efficient but also open to everyone. That’s the future we’re heading toward in the world of escrow.

What should I do if I have a disagreement with the other party in an escrow agreement?
If you encounter a disagreement with the other party in an escrow agreement, start by thoroughly reviewing the terms and conditions of the agreement to understand both your rights and obligations. Open communication is key; try to discuss the issue directly with the other party to find a resolution. If communication fails, consider involving a neutral third party like a mediator or arbitrator to facilitate discussions. Document all communication and transactions related to the disagreement and seek legal advice if necessary, especially if escalation is required. Adhering to the procedures outlined by the escrow provider, if applicable, can also help streamline the resolution process.

How can I ensure a smooth and efficient international escrow transaction?
When it comes to international escrow transactions, teaming up with a reliable escrow service provider renowned for their global expertise and commitment to security is crucial. Pay particular attention to the payment methods and currencies supported by the escrow provider. Also, make sure to set clear expectations and responsibilities for everyone involved, fostering open communication to address any questions or concerns. Don’t hesitate to seek guidance from trusted advisors who specialize in international dealings, helping navigate any legal complexities that may arise. Throughout the process, keep detailed records of every interaction and decision to ensure transparency and accountability. By emphasizing trust, communication, and thorough documentation, you can navigate your international escrow transaction with confidence and peace of mind.

What red flags should I watch out for when choosing an escrow provider?
When selecting an escrow provider, keep an eye out for red flags that may indicate potential issues. Firstly, consider the provider’s reputation—are there negative reviews or complaints suggesting a lack of reliability or professionalism? Additionally, beware of providers with unclear or overly complicated fee structures, as this could lead to unexpected costs down the line. Lack of transparency regarding security measures and compliance with industry standards is another warning sign, as it may indicate a higher risk of fraud or data breaches.

Vesicash Specific:
What sets Vesicash apart from other escrow providers?
We provide a simple and easy to use platform for parties to put together their agreement and terms for an escrow transaction. We cover scenarios that involve multiple parties and disbursement preferences.

How can Vesicash help me save money on my transaction costs?
Our escrow service ensures transaction transparency between both parties to avoid loss of money and time.

What technology does Vesicash use to ensure the security of my funds?
Vesicash Escrow is built to handle transactions securely with our payment solution. Vesicash works with licensed banks and PSPs to ensure that payments are secure from end to end.

Kindly visit www.vesicash.com today to check out our Escrow Services and get started today to explore our seamless transaction experience. If you have any questions or comments, you can reach us via support@vesicash.com or call +2347039914767 if you have any questions for us.

Introduction:
In the world of financial transactions, escrow plays a vital role in ensuring a secure and transparent process. Yet, despite its importance, there are some common misconceptions surrounding escrow that can lead to misunderstandings and missed opportunities. In this article, we will debunk these misconceptions to help you understand the true value and benefits of escrow services.

Misconception 1: Escrow is only for real estate transactions.
One of the most prevalent misconceptions about escrow is that it is exclusively used for real estate transactions. While escrow is indeed widely utilized in real estate deals, its benefits extend to various industries, including e-commerce, business acquisitions, intellectual property transfers, and more. Any transaction involving significant assets or where trust is essential can benefit from escrow services.

Misconception 2: Escrow services are only for large transactions.
Another misconception is that escrow services are only relevant for significant transactions involving large sums of money. In reality, escrow can be utilized for transactions of all sizes, and it is not limited to high-value deals. Whether you are buying a digital product online or selling a small business, escrow provides a secure framework for both parties to complete the transaction with confidence.

Misconception 3: Escrow services are expensive.
There is a common belief that escrow services come with steep fees, making them an expensive choice for transactions. However, the cost of escrow services is often a small fraction of the overall transaction value, especially when considering the security and peace of mind it provides. Additionally, the potential cost savings from avoiding fraudulent transactions or costly disputes make escrow services a worthwhile investment.

Misconception 4: Escrow delays transactions.
Some individuals believe that using escrow can slow down the transaction process. While it is true that escrow involves additional steps, such as verification and documentation, these measures are in place to protect both parties involved. In fact, Vesicash’s escrow services can expedite transactions by ensuring the necessary checks and balances are performed promptly, reducing the risk of complications or delays.

Misconception 5: Escrow is unnecessary if I trust the other party.
Trusting the other party in a transaction is essential, but it should not be a reason to forgo escrow services. Even in the most trustworthy transactions, unforeseen circumstances can arise, leading to disputes or issues. Escrow acts as a neutral third party, holding funds or assets until all agreed-upon terms are met, minimizing the risk for both parties involved and providing an extra layer of security.

Misconception 6: Escrow services are only for buyer protection.
While escrow services certainly protect buyers by holding funds until they receive the goods or services as promised, they also offer advantages to sellers. Escrow ensures that sellers receive payment securely, verifying that the buyer has the necessary funds available. By using escrow, sellers can have peace of mind knowing that the buyer's funds are held in a secure account until the transaction is successfully completed.

Conclusion:
Escrow services are not limited to specific industries, transaction sizes, or party preferences. By debunking these common misconceptions, it becomes clear that escrow is a versatile and valuable tool for facilitating secure transactions across various sectors. Whether you are a buyer or a seller, utilizing escrow services ensures a transparent, secure, and efficient transaction process, providing peace of mind for all parties involved.
Kindly visit www.vesicash.com today to check out our Escrow Services and get started today to explore our seamless transaction experience. If you have any questions or comments, you can reach us via support@vesicash.com or call +2347039914767 if you have any questions for us.

Expanding your business globally is an exciting journey, but let's face it – it's not a walk in the park. Navigating through different rules, currencies, and regulations can be overwhelming. Luckily, there's a tool that makes this whole process a lot easier –[url=https://blog.vesicash.com/post/2687?title=understanding-merchant-of-record] Merchant of Record[/url=https://blog.vesicash.com/post/2687?title=understanding-merchant-of-record] of all, what is MOR? A merchant of record (MoR) is a legal entity responsible for selling goods or services to an end customer. Now, let’s get into how you can leverage Vesicash MOR for business expansion.

1. Keeping It Legal and Stress-Free
One of the big challenges in going global is dealing with different rules and laws. Our MoR services act as your guide, making sure your business stays on the right side of the law in each new market. By doing so, you can focus on what you do best instead of worrying about legal paperwork.
2. Streamlining Payment Processing
Processing payments internationally involves dealing with different currencies, payment methods, and local banking systems. MoR services simplify this complexity by managing payment processing on your behalf. Customers can make purchases in their local currencies, and you can enjoy secure and hassle-free transactions.
3. Making It Personal for Customers
A successful global expansion strategy involves adapting your business to local preferences. Expanding globally is not just about selling; it's about connecting with people in different places.The best MoR services come with tools to customize your prices, language, and payment methods for each new market. This personal touch means happy customers and loyal fans. With Vesicash, you can reach a wider global audience and localize their experience more easily.
4. Less Worry, More Success
Every business faces risks, especially when you're going global. MoR services have your back with strategies to keep your transactions safe. This minimizes financial risks, giving your business a solid and secure foundation for global success. The bottom line is: less time maintaining a legacy system, more time growing with a reliable, modern merchant of record.
5. Taxes Made Simple
Nobody likes dealing with taxes, especially in different countries. Navigating different tax laws can be a nightmare for expanding businesses. MoR services handle all the tax complexities, making sure your business stays on the right side of tax laws everywhere. This not only prevents legal complications but also optimizes your tax strategy for each market.
6. Fast-Track to New Markets
Time is money, right? MoR services provide a faster way to enter new markets by using their existing setup. Forget about the delays of setting up new legal stuff – you can hit the ground running and start making waves in no time.
7. Scalability and Flexibility
Going into new markets can be a bit unpredictable. Vesicash MoR services give you the flexibility to adapt as things change. This means you can adjust your game plan based on what's happening, without overcommitting your resources.

In conclusion, Merchant of Record services are like having a travel buddy who knows all the shortcuts and best places in every new place. With them, you can simplify rules, make payments easy, add a personal touch to your business, reduce risks, simplify taxes, speed up your market entry, and keep things flexible. In order to make your global expansion successful and as smooth as possible, consider bringing Vesicash the best Merchant of Record on board .

Kindly visit www.vesicash.com[/url=http://www.vesicash.com] today to check out our MOR Services and get started today to explore our seamless transaction experience. If you have any questions or comments, you can reach us via support@vesicash.com or call +2347039914767 if you have any questions for us.

In an increasingly interconnected global marketplace, engaging in cross-border transactions has become integral for businesses and individuals alike. The opportunities for expansion, access to diverse markets, and the chance to collaborate on a global scale are enticing prospects. However, navigating the complexities of cross-border transactions demands a strategic approach, particularly when it comes to financial security and trust between transacting parties.
Enter escrow and MoR—a tandem of services that streamline and secure cross-border transactions, providing peace of mind to all involved parties.

Understanding Escrow: Fortifying Trust and Security
Escrow services act as impartial intermediaries in transactions, holding funds or assets securely until predetermined conditions are met. This essential service minimizes the risk for both buyers and sellers, ensuring that neither party is left vulnerable to potential fraud or non-compliance.
For cross-border transactions, escrow services play an even more critical role due to the added complexities. They facilitate seamless transactions by:
Mitigating Risks: Escrow acts as a neutral guardian, safeguarding funds or assets until all contractual obligations are fulfilled, reducing the risk of fraudulent activities or misunderstandings.
Enforcing Compliance: Terms and conditions agreed upon by both parties are strictly followed, ensuring that no transaction occurs until all prerequisites are met, irrespective of geographical barriers.
Cultural and Legal Expertise: Understanding the nuances of different legal systems and cultural expectations is crucial in cross-border deals. Escrow services navigate these intricacies, ensuring smooth transactions across diverse backgrounds.
Beyond Escrow: Expanding the Horizon with Additional Services

While escrow forms the bedrock of secure transactions, complementary services can further enhance the process:
Currency Conversion Assistance: Dealing with multiple currencies can be complex. Services that facilitate and optimize currency exchange rates mitigate financial discrepancies and uncertainties.
Comprehensive Due Diligence: Thorough checks and verifications regarding the legitimacy of parties involved, compliance with local laws, and adherence to global regulations provide an added layer of security.
Tailored Legal Support: Access to legal expertise familiar with international trade laws helps navigate legal complexities and ensures compliance with regulations specific to cross-border transactions.

Building Trust Through Transparency and Technology
Transparency in cross-border transactions is paramount. Leveraging advanced technology, such as blockchain and secure online platforms, not only ensures transparency but also boosts efficiency. Features like real-time tracking, encrypted communication, and secure data storage bolster trust among transacting parties.
Conclusion: Embracing Seamless Global Transactions
In a world where borders are increasingly porous in the business landscape, the importance of secure and efficient cross-border transactions cannot be overstated. Escrow and complementary services offer a beacon of trust and security in an otherwise complex web of international trade.
By leveraging these services, businesses and individuals can confidently engage in cross-border deals, capitalizing on global opportunities without compromising on security or trust. Embracing transparency, technological advancements, and expert assistance paves the way for seamless cross-border transactions, fostering a world of endless possibilities in global commerce.
In the realm of cross-border transactions, the integration of escrow and more services not only simplifies but also fortifies the foundation upon which global trade thrives.

Understanding Chargeback Management under Merchant of Record: A Comprehensive Guide
As online transactions continue to soar, the need for a comprehensive chargeback management system has become increasingly critical for businesses. For merchants operating under a Merchant of Record (MoR) model, effectively navigating chargebacks is paramount to maintaining a secure and sustainable payment ecosystem.

What are Chargebacks and Why Do They Occur?
Chargebacks occur when customers dispute a transaction and request a refund directly from their bank. Common reasons for chargebacks include unauthorized transactions, processing errors, or dissatisfactory services or products. While they serve as a form of consumer protection, they can present significant challenges for businesses, leading to financial losses, operational disruptions, and potential damage to the merchant's reputation.

Understanding the Role of Merchant of Record (MoR)
In the realm of e-commerce, the Merchant of Record assumes responsibility for processing and accepting payments on behalf of a business. This entails taking on the associated risks, including chargebacks, fraudulent activities, and compliance obligations. For businesses operating under an MoR model, having a robust chargeback management strategy is crucial for maintaining financial stability and customer trust.

Key Strategies for Effective Chargeback Management

Proactive Communication: Keeping open lines of communication with customers can prevent misunderstandings and potential chargebacks. Providing clear transaction details, easy-to-find contact information, and responsive customer support can mitigate the risk of disputes.

Rigorous Documentation: Maintaining meticulous records of transactions, customer interactions, and delivery confirmations can serve as valuable evidence in resolving chargeback claims. Comprehensive documentation helps in building a strong defense against unwarranted disputes.

Fraud Detection and Prevention: Implementing advanced fraud detection tools and authentication measures can safeguard transactions against unauthorized activities. Employing secure payment gateways and encryption protocols adds an extra layer of protection, reducing the likelihood of fraudulent chargebacks.

Dispute Resolution Protocol: Establishing a streamlined process for managing disputes, including timely responses and evidence submission, is essential for effectively challenging chargeback claims. Quick and efficient resolution can help salvage revenue and maintain positive customer relationships.

Continuous Monitoring and Analysis: Regularly monitoring chargeback trends and analyzing the root causes can provide valuable insights for refining business practices and preventing future disputes. Implementing data-driven strategies based on past chargeback patterns can fortify the overall risk management framework.

The Importance of a Holistic Approach
Effective chargeback management under an MoR model demands a holistic approach that encompasses proactive measures, diligent monitoring, and adaptive strategies. By prioritizing customer satisfaction, security, and transparency, businesses can navigate the complexities of chargeback disputes while fostering long-term trust and loyalty within their customer base.

Conclusion
In conclusion, the dynamic landscape of e-commerce necessitates a comprehensive understanding of chargeback management, particularly for businesses operating under a Merchant of Record model. By implementing proactive strategies and leveraging advanced technologies, businesses can mitigate the impact of chargebacks, ensuring sustainable growth and enhanced customer experiences in the digital marketplace.

You can also send your feedback, questions and other information to info@vesicash.com.

Hey there, fellow entrepreneurs! Let's talk about something that might just make your life a whole lot easier: the Merchant of Record MOR. Now, you might be wondering, what in the world is an MOR, and how can it help with payment collection? Well, get ready for a game-changer because this nifty tool is about to revolutionize the way you handle those pesky payments.

So, picture this: you're running your business, hustling hard to make those sales, but every time you have to deal with payments, it feels like diving into a maze of confusion. Different currencies, complicated regulations, security concerns — it's enough to make anyone's head spin. This is where the MoR swoops in to save the day.

First off, let's talk about global expansion. Dreaming of taking your business international? With the MoR, you can spread your wings without getting tangled in the red tape of every new country you enter. It takes care of all the complicated things like local regulations and those pesky taxes, leaving you free to focus on wowing your new global customers.

Oh, and the security! In a world where cyber threats lurk around every corner, the last thing you want is for your customers' payment info to get into the wrong hands. The MoR has your back here too, with top-notch security measures that keep all that sensitive data locked up tight. Your customers will feel safe and trust you more, which means they're more likely to come back for more of your awesome products or services.

Now, let's talk about streamlining your payment processes. Ever had a customer abandon their cart at the last minute because the payment process was just too darn complicated? It's frustrating, right? Well, the MoR can help you smooth things out, offering a hassle-free payment experience that'll have your customers clicking that "buy now" button without a second thought. Simple, secure, and so satisfying.
And what about those recurring payments? Managing subscriptions can be a real headache, but the MoR turns it into a walk in the park. Say goodbye to chasing after customers for payments every month — the MoR takes care of it all, automating those pesky recurring bills and letting you focus on making your subscription service the best it can be.

Last but not least, let's talk about risks. We all know the sinking feeling of dealing with chargebacks and fraud. But fear not! The MoR has some serious tricks up its sleeve when it comes to managing risks. With its fraud detection tools and chargeback management, you can sleep easy knowing that your hard-earned cash is safe and sound.

So, there you have it, folks. The Merchant of Record isn't just some fancy term; it's your new best friend in the world of payment collection. With its help, you can take your business to new heights, without losing your mind over the nitty-gritty of payment processing. It's time to sit back, relax, and let the MoR do the heavy lifting, while you focus on what you do best — growing your business and wowing your customers. Cheers to a simpler, smoother payment collection!
You can also send your feedback, questions and other information to info@vesicash.com

[b]Introduction
[/b]Introducing MoR by Vesicash for businesses that are expanding into new regions across Africa. Relax, as we take you on a ride on what MoR does and how it helps your business scale.

[b]What is MoR?
[/b]MoR stands for Merchant of Record, which refers to the entity responsible for processing payments and acting as the legal seller of goods or services in a transaction. The role of a Merchant of Record is crucial in payment processing, particularly in e-commerce and online transactions. When a customer makes a purchase online, the Merchant of Record takes on the responsibility of collecting the payment from the customer and ensuring the funds are transferred securely. The MoR typically manages the payment gateway or processor, which facilitates the transaction and securely transmits the payment information.

[b]Functions of MoR
[/b]Payment Collection.
1. Compliance and Security
2. Payment Processing
3. Settlement and Payouts
4. Chargeback Management
By taking on the role of Merchant of Record, your businesses can leverage the expertise and infrastructure of the MoR to handle the complexities of payment processing, reduce their legal and financial liabilities, and ensure a smooth and secure payment experience for your customers. As a Merchant of Record (MoR), ensuring your business’s compliance with tax regulations, data protection laws, and consumer protection regulations is our priority.

[b]Factors to consider when selecting an MoR
[/b]To ensure ongoing compliance, the MoR engages legal counsel, employs compliance officers, or partners with specialized service providers who offer expertise in tax compliance, data protection, and consumer regulations. Regular monitoring of changes in regulations and periodic audits may also be conducted to maintain compliance and mitigate any potential risks or violations.
When selecting a Merchant of Record (MoR) for your business, several factors should be considered to ensure you choose the right partner. Here are some key factors to take into account:
1. Global Coverage
2. Payment Method Support
3. Compliance Expertise
4. Security and Fraud Prevention
5. Scalability and Flexibility
6. Reporting and Analytics
7. Support and Customer Service
8. Pricing and Fee Structure
9. Integration and Technology
10. Reputation and References

Working with Vesicash as your MoR ensures that your business requirements, payment processing, compliance with regulations, and your general business goals are properly optimized to ultimately contribute to a positive customer experience.

Final Notes
[/b]Our main objective at Vesicash is to constantly improve our processes so that you can explore seamless options at all times, this is why we have introduced the merchant of record (MoR) to help your business. Kindly visit www.vesicash.com today to check out the new build and explore our new seamless transaction experience. [b]If you have any questions or comments, you can reach us via info@vesicash.com or call +2347039914767.

A warm hello to the Vesicash Community! Change is the only constant in life and we are sure that you must have noticed a few changes in our “appearance”, while some of these changes might take some getting used to, we can assure you that they are an outcome of our resolve to give you the best experience as a Vesicash user.

It is important to note that the New Vesicash Dashboard is a mix of existing and cool new features that will take your transactions to a different level. We have put together a list of some of the new features on the Vesicash Dashboard so that you can easily navigate your way around them. Let’s get familiar…

The Wallet Feature

This is the first thing that is most likely to catch your fancy as soon as you log into your account- the feature with the tag ‘Wallet Balance’ that reveals specific amounts in NGN, USD and even GBP. Before you wonder where these new currencies emerged from and why you have three different balances, let us explain what the Wallet Feature does.

Consider this Wallet as your virtual purse or account where you can deposit your funds, withdraw your funds when needed and also choose to exchange your currencies if you want to.

You can also fund your Escrow transactions directly from your wallet and you can choose to leave funds as you wish in this Wallet until you are ready to perform any of the aforementioned tasks.

To fund your Vesicash Wallet, you can do this via bank transfer into your designated account details, use your Credit or Debit card or transfer from your Flutterwave Business Account, these options have been added to give you multiple funding choices. For your USD and GBP wallets, you can do transfers too or use your USD/GBP cards.

The Exchange Funds Feature

This is the feature that allows you to swap from NGN, USD or GBP into any of the listed currencies, it means that you can, for instance, swap from NGN – USD, GBP- USD or USD/GBP back to NGN.

In order to use this feature, you need to have funded your wallet with the currency that you want to swap and once done, it will reflect in the Wallet Balance that you have swapped into.

The Payments and Disbursements Features

These features are now solely for your Escrow Transactions- there is an icon on your Wallet Page asking you to create an Escrow Transaction. The Payment Feature refers to when you fund your escrow transaction or other transacting parties fund it. In contrast, the disbursement feature refers to when you have completed your Escrow transaction and the funds are being disbursed to all the listed parties.

Both your Payment and Disbursement history are visible on the Dashboard or the Payments Page itself.


User Role and User Access Features

If you have ever wanted to assign specific roles to the parties in your Escrow Transaction then, now is the chance. This feature allows you to give everyone that is involved in your transaction their roles and access levels, you can also include if they will receive a payout from the transaction or not.

Some of the roles that you can assign include Buyer, Seller, Recipient of the transaction, Broker, Charge Bearer, etc. With this feature, everyone involved in the transaction would know what to do and when to carry out these functions without overlaps.

Final Notes

Our main objective at Vesicash is to constantly improve our processes so that you can explore seamless options at all times, this is why we have introduced the new dashboard along with some of the features listed above. Kindly visit www.vesicash.com today to check out the new build and explore our new seamless transaction experience. If you have any questions or comments, you can reach us via info@vesicash.com or call +2347039914767.

Vesicash Escrow has reeled out many features and products that are perfect for all use cases and scenarios. Whether it is a one-off payment or you need multiple parties involved in your Escrow transaction, there's an Escrow feature that would work for you.

Since we aim to ease the processes involved as much as we can, here are some tips that will help you pick the best product/feature for your next transaction:


The number of transacting parties

Is your transaction between just you as the Buyer and the Seller or between multiple parties? The number of parties involved in the transaction would make it easier for you to select the best Escrow Product to use.

If it is just between the Buyer and Seller, you can easily create a personal account on the website or use the Instant Escrow product, Trizact will also come in handy in this case.

If the parties involved are more than two then, you can consider using the Broker Escrow Feature specifically created for third-party escrow management and multiple parties.

The mode of Payment Disbursement

Do you want the payment released immediately after the delivery is confirmed or do you want it per each completed milestone? Would you rather give another entity the power to handle the transaction on your behalf?

The Vesicash Team has carefully considered the above scenarios and so, there's always something that works for you.

If you want payment released immediately, then any of the earlier mentioned products would work. If you prefer to get paid in tranches, you should consider using the Milestone Feature and if you would love to give other people power over the transaction, consider the Broker/Third-Party Escrow Feature.

Business Type

As a business owner looking to give your clients the best shopping experience through Escrow, it is important to understand your business type as this would help you select the appropriate Escrow solution for your clients.

Are you tired of the Buyers asking you to send your account number? You can create a Trizact Paylink and put it on your bio or go the extra step of adding your catalogue through Product Links by Trizact.


If you have a website, you can easily integrate our Payment API and have your clients pay from there, you can customize it as you wish too.

If you are a drop shipper or you own a marketplace, your integration can be tweaked in a way that disbursements are made to multiple parties at the same time.

Final Notes

You no longer have to stress yourself about the type of Escrow Product/ Feature to pick for your next transaction, these tips will guide you through.

Are there other things that you consider before picking the Vesicash Escrow feature/product to use? We'd love to know about it, kindly send us an email at info@vesicash.com or call us at +2347039914767.

www.vesicash.com

The business of buying and selling Online comes with a lot of risks, especially when it comes to products that can not be physically inspected, this is why we always recommend the use of Escrow.

Today, we will be taking you through the process of using Vesicash Escrow for a Domain Name Sale:

Step 1

Conclude the conversation with the other transacting party on the Escrow solution to use (we will be using Instant Escrow in this scenario).

As the Buyer, go to [url]instant.vesicash.com[/url] and input your phone number, email address and the Seller's email address and phone number.

Once done, it takes you to the next page, where you can add all the details of the transaction, this includes the amount, the timeline for inspection, and the delivery date as agreed upon, you can also upload any document that lends credence to the authenticity of the transaction.

Step 2

Once you have added all the details of the transaction and submitted it, you are directed to the payment page. Select the preferred payment method, make the payment and confirm that you have done that (ensure that you go through the transaction details again before authorizing the payment). You may also download your transaction receipt at this stage

Step 3

The Seller is notified via email that you have made the payment, they can then send you the access keys and other details of the domain you are buying.

Since you would have both agreed on an Inspection Window prior, with the least duration being 24 hours, you can go through the domain details thoroughly to ensure that it is what you want and is in perfect condition.

After inspection, you can now CONFIRM DELIVERY and then give the prompt for payment to be released to the Seller.

Step 4

The Seller is notified that you have confirmed the delivery and release payment, once they have added their bank details, the timeline for disbursement is usually about 24 hours.

Final Notes

Buying a Domain can be as easy as you have seen when you transact with Vesicash Escrow. We have other Escrow solutions like Trizact or Milestone Escrow that can serve the same purpose as Instant Escrow in purchasing a Domain or other digital products.

If you've got questions about our Products and Services, kindly send us an email at info@vesicash.com or call us on +2347039914767.

www.vesicash.com

It is not an easy feat to claim that you’ve never fallen into the traps of online scammers before because only a few people can boast of this. No matter how careful you might be, there will be situations where the scammer would want to outsmart you and as such, you can never be too careful. At Vesicash, we are concerned about your online safety and this is why we curated these signs that will help you identify an Online Scammer:

The link to the website shared with you is not secure

You’ve had plans to buy a particular product and during your online surfing, the advert pops up for the exact product and out of excitement, you rush to click the link to the website.

Now hold on!

The first thing that you should check is the small padlock icon usually located in the address bar, does the link contain HTTP or HTTPS? If this is missing then, this might be the first signal that you are about to be scammed. It could also be Phishing, which puts you at risk of having your personal data compromised and exploited.

The ‘Vendor’ gives a deadline or makes it look like you have to close the deal immediately

Since some scammers have found a way around tweaking the website to make it look secure, here’s another sign to look out for: Scammers do not like wasting too much time with an unsuspecting victim so, they create an urgency that leaves you rattled.

‘This is the last piece remaining and only your immediate payment can stop me from selling to the person that earlier reached out…’

‘I’m heading to the market now, so I need us to conclude this immediately…’

‘This is the only place you can get this so pay to own it now’

When you hear things like these or you generally feel rushed by the supposed Vendor, that is a valid sign for you to run because you need enough time to make research about the person you are dealing with.

Ridiculously low prices, Mouthwatering Discounts, and Unheard Freebies

Who doesn’t want good deals or discount offers from time to time? No one, right? Well, scammers know this too and have capitalized on this to lure a lot of people into their claws.

We know that you want to buy more at a lesser price but anytime a deal looks too good to be real or the price sweeps you off your feet then, this might be another signal that you are about to be scammed.

To deal with this, it is important for you to carry out periodic market surveys to know the prices of products, you should also check renowned brands to know how low they go during discounts. When armed with the information, you will not get easily swayed by seemingly great deals from scammers.

Exclusive/Special Treatment

Online Scammers want you to feel important and special, so they come up with various tactics that make it look like you are the only one enjoying their supposed goodwill.

They will tell you that they took a strong liking to you and would want to transact with you at all costs. They are the ones always telling stories of how their market is for the selected few or how you’d never get another offer like theirs.

Before you feel extra special or ‘chosen’, please take time to sieve through the many lies.

Proposing Non-Secure Payment Methods

Scammers would want to get a deal completed as soon as they can so that they can move to the next prey hence, they do not want to choose any payment method that gives room for inspection or that can be traced back to them.

If anyone wants you to Pay before Delivery via such methods as Pre-loaded Gift Cards, Bank Transfers, Credit Cards and the like, please run! Escrow payment solutions remain the safest path to toll since there is an inspection window that thwarts the urgency that the scammers need and the need to confirm the delivery before payment is released. Please be careful not to fall victim to the scammer’s gimmicks, so ensure that the payment method that you choose is safe and secure.

Final Notes

Although it is true that the scammers are constantly tightening their loose ends and becoming smarter by the day, we believe that the curated signs above can help you manage situations better.

Are there other signs that you’ve been able to use in identifying scammers or you’d like to share your experience with a scammer? Kindly send us an email at info@vesicash.com or call us at +2347039914767.

www.vesicash.com

Online Shopping means different things to different people- for some who have seamless and enjoyable experiences, it serves as a therapeutic exercise while for some, it is a nightmare that they do not want to relive. It’s true that you can not always be certain about how your online shopping experience may pan out until you give it a try but you can strive to make it a good one. Here are some tips that we have curated to help you get the best out of your online shopping experience:

Make enquiries about the Vendor(s) that you are buying from

Reviews! One of the best ways to avoid any unpleasant shopping experience is to know the person you are buying from. Check their Social Media platforms for their posts, go through the comment section to see how the Vendor has handled previous sales or situations, and ask around to see if there are others that have bought from her. Do not be in a hurry to close your sales, take enough time to make enquiries about the Vendor(s) that you want to buy from so as to avoid stories that touch.

Be careful about mouthwatering offers

If it sounds too good to be true, it most likely is. We understand that you want the best deal possible but be careful not to fall victim to online scams. Scammers hide under the cloak of ‘best deals’, ‘mouthwatering discounts’ and other tags to lure unsuspecting online shoppers. They also add an element of urgency to their offers; “last chance”, “don't miss it” so, we advise you to be extra careful about any offer that looks too good to be real.

Have an idea about the prices of goods/services so as to claim your bargaining power

Aside from the fact that you have higher bargaining power if you already get an idea of the prices of the goods/services that you need online, it also saves you from online scams since you already know the fair price to expect.

When you have an idea of the price, it becomes easier for you to know how to bargain with the Vendor in a way that would be fair to both parties. You will also be able to discern when certain Vendors are not truthful with their offerings.

Go over the details of the Transaction before making payments

In a bid to close a seemingly good deal quickly, we often tend to ignore the important details of the transaction and this might not end so well. If you want to have the best online shopping experience, please pay attention to the details of your transaction before making payments. Whether you are paying on delivery, paying via bank transfer or using Escrow, take a couple of minutes to run through the details, the quantity, agreed delivery date and amount.

Do not divulge too much personal information when making purchases

A common way for people to get scammed online is through the excessive information that they divulge in the name of making purchases. No online store needs too much information before they can conclude transactions- use strong passwords and ensure that you do not release any sensitive information.

Final Notes

Online shopping can be smooth or otherwise, depending on how prepared you are. The lists above have been curated based on the different experiences of people that have had the need to shop for goods/services online. Vesicash Escrow is the best preparation that you can use because it proffers solutions to the different issues that might arise in the course of your online shopping. You can send us a mail at info@vesicash.com or call us at +2347039914767.

www.vesicash.com

As an Online Vendor, there is no doubt that there are times you feel like quitting because sales are not as forthcoming as you would have wanted. While taking a break is fine, it is, however, important to pay attention to your business and see how you can improve- here are five things that you may be doing wrong as an Online Vendor:

Using Low-Quality Pictures

Seeing is believing when it comes to online purchases, Buyers want to have the closest feeling to what your goods/samples of services that they want to purchase in real life. This is why you should invest in taking high-quality pictures to be uploaded on your preferred medium of sales, do not just copy similar images from the internet as this is easy to detect.

If you can, take classes in Product Photography so that you can learn how best to take clean, clear and high-quality pictures of your products.

Asking Buyers to DM for Price

Picture yourself as a Buyer for once, you want to buy something online and have found a number of vendors to choose from. Imagine that out of the 5 Vendors that you are considering, 3 out of them have asked you to DM for the price while the other two have taken out their time to add prices and conditions for discounts- which of these vendors will you choose?

This is why price transparency is very important to purchase decisions. You want to remove anything that can become a blocker to the customer’s buying experience, as they can be fickle. While it is understandable that it might be tiring for you to add prices to all of your Products, you need to accept that you are in a very saturated space and you have to do all that there is to give you an upper hand over others. If you cannot create a catalogue, the Product Link by Trizact feature helps you add all the details of your products and the links can be easily shared with potential customers or even placed on your bio.

‘NO REFUND POLICY’on your Page

We know that you may have had to deal with some problematic Buyers that would seek refunds for the flimsiest of excuses but putting up a No Refund tag on your Business Page chases those with good intentions away.

This tag screams ‘your money is not safe with me’ mindset and you will agree that everyone wants to shop with a Vendor that they can trust to give them the best value for their money. Using Escrow Payment options would be a great alternative to this tag as it does not only give the Buyer the needed confidence that their money is safe but, it also assures you as the Seller that once you deliver as requested, your money would get to you.

Posting only Positive Reviews

Fair enough, you may be wondering how this is problematic. Well, it isn’t but as they say, too much of anything is not good and people want a balance of both sides of the coin.

It is cool to post Positive Reviews as they boost the confidence in your brand no doubt but have you considered showing that you are capable of handling difficult and seemingly unpleasant situations too? You should try this for a change- make posts about how a situation that would have caused trouble with your customer was managed by you or not. It shows your flexibility and determination to make sure that your customer is always happy.

You have to sometimes show your potential customers that you are equipped with skills that are handy when certain sales are about to go south, reveal your failures and how you learned from them and watch people trust you more.

Giving non-flexible Payment Options

Life is all about choices, and people would always like to exercise this right, especially when it comes to parting with their hard-earned money and that’s understandable. What you would be doing wrong as a Vendor, however, is to strip them of that chance.

Give your potential and current customers flexible payment options, and let them know when you are running discounts and if they are allowed to pay in installments. Most importantly, give them the Escrow Payment Option that annihilates all doubts and risks that can come with online transactions, people will be convinced to buy from you when they trust you with their money.

Final Notes

We understand that running an online business is not an easy feat and might be sometimes overwhelming but, we think that the list that we have curated is something that you should pay attention to so that you can stop making these mistakes and get your business back on track.

If you would like to add more to this list or you’ve got questions about our products and services, do shoot us a mail at info@vesicash.com or call us via +2347039914767.

Are you new to using Escrow payment solutions or do you find yourself struggling with the seemingly unclear terms that you come across? Are there certain terms that you might have interpreted wrongly and need clarity for? Don’t stress yourself any further as we have compiled a list of ten out of the important terms that you will come across during escrow transactions:

Transaction ID

This refers to a set of unique numbers generated for every transaction on Vesicash Escrow products. The transaction ID makes it easy to trace and fix specific problems that might be encountered.

Transacting Parties/Counterparty

Transacting Parties are the participants in an Escrow Transaction, they are the Buyer(s) or Seller(s). The counterparty is the other participant in an escrow transaction. The counterparty could be the Buyer or the Seller as Vesicash allows either of the transacting parties to initiate an escrow transaction.

Held in Escrow

“Held in escrow” is a term that is used at Vesicash to describe the transaction funds that can’t be released until both the Buyer and Seller are satisfied. An escrow transaction is marked as completed when funds that are ‘Held in Escrow’ have been released at the delivery of the goods or services.

Service Level Agreement

SLAs are the binding terms that the transacting parties must agree to before they can both proceed with the transaction. This could include the duration of the delivery, the frequency of payment disbursement (for milestone transactions) or the set inspection period.

Inspection Period

This is the time/window that allows for a Buyer to verify the quality and veracity of a Delivery that has been fulfilled by a Seller.

Accepted/Rejected Delivery

Accepted Delivery is a situation where the Buyer confirms the receipt of the goods and/or services delivered by the Seller. When this happens, authorization is given to release funds as agreed.

Rejected Delivery is a situation where the Buyer does not confirm the receipt of the goods and/or services delivered by the Seller either due to a change of mind or because the terms of the transaction were not met.

Release Funds/Disbursement

This is when the transaction funds being securely held in escrow are released to the Seller, via their provided Bank details, after successful completion of the transaction.

Transaction Time-Out

This happens when a Transaction has been accepted but remains not funded for a period of 7 days. Such a transaction is automatically closed after the lapse of the grace period.

Two-Factor Authorization

In Escrow transactions, this means that Funds are not released until both the Buyer and Seller indicate that the terms of the transactions have been met. Two-Factor Authorization implies that the Seller would have to confirm the delivery of goods and/or services and that the Buyer would also need to accept or reject this delivery before the next stage of the transaction is determined.

Transaction Due-Date

In Escrow transactions, this is the deadline by which the Seller is expected to indicate that an order is complete/delivered. The countdown towards the Due Date begins once a Transaction has been funded and the funds are being held securely.

Final Notes

Here you have them, a compilation of ten common escrow terms that you are likely to come across on your next transaction. Are there any other terms that you would like us to explain or are you interested in knowing more about our Products and Services at Vesicash? We are just an email away at info@vesicash.com and a phone call at +2347039914767.

What is Instant Escrow?

Instant Escrow is a product that thrives in the meaning of its name- the instantness that comes with creating an escrow account. Instant Escrow allows you to create a transactional escrow account in as little as one minute.

Who can use Instant Escrow?

1. Anyone that loves smooth, fast and guaranteed transactions.
2. Transacting parties in a time-bound transaction.
3. A Buyer that wants to do an on-the-spot transaction.
4. People that do not want to go through the hassle of creating an escrow account before they can transact.

Why use Instant Escrow?

1. A dedicated landing page for smooth transactions.
2. No need to sign up on Vesicash before you can use the product.
3. All that is required to create a transactional escrow account is your email address and phone number and that of the recipient.
4. It is super fast and an efficient way of handling escrow transactions.

How do I get started with Instant Escrow?

1. Visit [url]instant.vesicash.com[/url] and enter your details and that of the other transacting parties plus other important information about the transaction.
2. Proceed to make payment either via debit card or bank transfer.
3. Control is given to you and the other party.

I was recently contacted by one of my partners in the UK, asking me about the best way to facilitate a domain sale without leaving room for doubts. We had earlier discussions about the possibility of transferring one of our domains to him but we had pended the idea because he had heard a lot of stories about ‘Naija’and how some people get duped over the exchange of digital assets like this.

I had no intentions to dupe him but would I blame him? I also had my reservations about sending the details of the domain to him with good faith that the payment would be released once he had the domain. A lot of questions were going on in my head but you wouldn’t blame me for being extra careful- Oyinbos too are capable of duping others.

After asking around, words got to me that Escrow was the safest way to go with a transaction of this volume, especially because we both needed something to serve as proof of delivery. Choosing the Escrow provider to use was not a problem because Vesicash came up highly recommended.

My partner created the transaction on the website, added the important details and made the payment. I was notified immediately and was also given the timeframe for the payment to reflect in the account because it was a USD transaction.

Upon confirmation of the payment, I transferred the domain details to my partner and we waited on the inspection window which we had set for 5 days. Inspection over and my partner being satisfied with the domain, he confirmed the receipt of the domain and then proceeded to release the payment to me.

I must confess that this is the first time I would transact with such a high volume and would not be scared that the other party would play funny games. I have now found a better way to transact with complete confidence that my transaction is safe.

Vesicash Escrow has given a new meaning to transacting in a space that is riddled with stories of fraudsters disguising themselves as genuine persons. There is no doubt in Escrow and you can be certain to get full value for your money. If you want to know about how Vesicash would help you get total confidence in your transaction, visit www.vesicash.com. You can also shoot an email to info@vesicash.com or call +2347039914767.

What is Milestone Escrow?

Milestone Escrow is a feature on the Vesicash platform that allows for payment to be made in installments or tranches for every delivered part of the project. As the name suggests, it is an escrow payment that can be paid in selected installments as agreed upon by the transacting parties.

Who can use Milestone Escrow?

Milestone Escrow is perfect for developers, designers, content developers and other creatives that desire an escrow system that rewards them based on the deliverable track. The payment feature was created to solve the problems associated with service-based transactions and get freelancers to deliver on their promises and get paid without any hassle.

Why use Milestone Escrow for your next service-based transaction?

1. Vesicash milestone feature makes it easy for you to get paid for each completed part of the service to be rendered.
2. With the pro-rata or merit-based approach offered through Milestone Escrow, you are certain that your hard work is always rewarded appropriately.
3. You will have no reason to doubt that the freelancer would deliver exactly what you both have agreed on at the beginning of the transaction and at the stipulated time.
4. The feature allows you to set dates for the tranches to be paid.
5. Milestone Escrow gives room for the completed task to be reviewed and verified, before moving on to the next phase of the project.
6. It is perfect for service providers who require that a certain percentage of the total fees be paid upfront before the service production occurs.
7. The provider of the service will be sure that the agreement to spread the payment out would be accounted for equitably.
8. Vesicash Milestone Feature is seamless, transparent, and easy to navigate.

How to get started with the Milestone Escrow Feature

Enjoy an extra layer of security and smooth installment escrow payments with Milestone Escrow.
Visit https://vesicash.com/solutions to use our Milestone payment.

What are Trizact Payment Links?

Trizact payment links eliminate fraud being encountered by sellers on Social Media Platforms by enabling them to receive escrow payments via their own unique payment links. Trizact Escrow is that middle man that ensures that transactions are seamless, transparent and fast. The need for a faster and safer payment option amongst those selling on Social Media Platforms and those buying from them became the inspiration for Trizact Payment Links.

With Trizact, all that is needed to get that assurance of payment is a unique payment link that would be generated for your business. It is unique, efficient and stress-free while adding an extra cloak of confidence over the transacting parties.

Why choose Trizact Payment Links?

1. It provides an extra layer of assurance that the Buyer is ready to make a financial commitment before goods are sent.
2. The confidence that the Seller has no intention of playing games with the Buyer.
3. It eliminates the doubt that comes with Pay Before Delivery and Pay On Delivery by the transacting parties.
4. The uniqueness that comes with your payment link- it is like exchanging your account number with a potential client but this time, it is an Escrow Account.
5. Can be shared via all platforms and save you the stress of going back and forth in the DM.

How do I get started with Trizact?

1. Visit [url]trizact.vesicash.com[/url] to create your account by providing your business details, all within 3 minutes.
2. A unique payment link is created for you.
3. Copy this Paylink and share it with your customers or your social media platforms.
4. Once your link is clicked by the paying customer, you get notified and you can then proceed with the delivery since you are certain to get paid afterward.

Trizact Payment Links is your buddy whether you are a Social Media Vendor or if you intend to patronize these vendors. Both parties can transact without the fear that there will be regrets at the end of the day. Visit [url]trizact.vesicash.com[/url] today for you to enjoy seamless Escrow transactions.

www.vesicash.com

An Escrow is a third-party system that makes transactions more secure by holding the payment for the transacting parties (Buyer and Seller) and then releasing this payment when all of the terms of the agreement have been met as stated.

When is Escrow Important?

Escrow is important when you are buying or selling goods/services from someone you don’t know or trust. It is also important when a large amount of money is involved in a transaction and there are certain conditions to be fulfilled before the payment is released.

Who can use Escrow?

1. Online business owners that want to eliminate their exposure to fraud. With Escrow, sellers can transact with Buyers who have made a financial commitment before the items are shipped out. It is also easier to make refunds without making your Buyers or Clients wait for days.

2. Buyers who want to transact with total confidence. Your payment security is ensured with escrow as the Seller does not get your payment until you see and confirm your satisfaction with what you paid for.

Why should I use Vesicash Escrow?

As the leading provider of online escrow services in Africa, Vesicash provides a host of advantages for its users, such as:

1. Vesicash ensures that all buyers and sellers are protected equally and disputes are resolved amicably.
2. Vesicash thoroughly verifies the identity of the parties transacting on the platform, so you can be sure you are dealing with a verified person.
3. Vesicash verifies the funds sent by the buyer and keeps them in our secure trust escrow account for the seller.
4. The seller ships the product only after the buyer has made complete payment to Vesicash.
5. With Vesicash serving as your Escrow partner protecting your transaction, you can rest assured that your funds are in safe hands, free from fraud.

Ready to get started with Vesicash Escrow? Sign Up at www.vesicash.com

Peer-to-Peer transactions, also known as P2P are transactions that require the exchange of money and goods/services between two parties. This could be as simple as splitting payments with a friend or as significant as buying property from an unknown person over the internet.

How can P2P Transactions be Successful?

The success of P2P transactions is dependent on one important element- trust. You would have to have faith that the other transacting party would deliver on their end of the deal as expected. A lot of people in recent times have had myriads of complaints about P2P experiences gone wrong and some of these problems are listed below

Common Problems with P2P Transactions

1. Vendors that didn’t deliver products as agreed.
2. Vendors that deliver something completely different from what was ordered with no chance for the buyer getting refunds.
3. Sellers getting fake alerts or Buyers disappearing after receiving the goods without paying beforehand.

Which Vesicash Escrow Solutions can Solve the Problems Associated with P2P Transactions?

1. Trizact- Provides Social Commerce business owners (sellers on Instagram, Facebook, and Twitter) with their unique payment link that they can share with Buyers, allowing them to receive escrow payment with ease.

2. Instant Escrow- A product that makes it easy for the transacting parties to create a transactional escrow account in as little as 3 minutes. Instant escrow comes in handy for on-the-go transactions as it does not require any sign-up for both ends.

3. Milestone Escrow- An ideal Product for Service-Based P2P transactions or the ones that would require getting paid for each completed part of a service or project. It allows the transacting parties to decide and agree on how the funds would be released in installments.

Visit www.vesicash.com today and experience smooth and assured P2P transactions.

This blog post was first published in https://blog.vesicash.com/how-the-people-of-vesicash-use-vesicash/

Have you ever wondered what goes on with the Humans of Vesicash and how we relate with the different Escrow Products and Services that we deliver? Today, I’ll be telling you about how the members of our team use different Vesicash products.

Mariam, Customer Relationship Manager, Vesicash.

Starting with myself, I use Vesicash to avoid any wahala. I don’t want a situation where I will place an order for Y and the vendor ends up delivering F so, whenever I am patronizing anyone on any social media platform, I use Vesicash Escrow.

For orders that will require part-payments, I use the milestone feature to release part of the money and when I receive what I want, I release the balance left in Vesicash Escrow. Easy right? Well, life shouldn’t be harder than it already is.

Product/Content Team, Vesicash

When it comes to working, my team (the best team in Vesicash: Product/Content team) uses it to pay anyone that’s doing a job for us on a contract basis. This includes influencers and marketing consultants- we recently started work with a digital marketing specialist Basit(@UncleBeeOla) who is working on getting Vendors to use Trizact and Vendors by Vesicash products. You already guessed right that he was paid upfront through Vesicash Milestone Feature.

Tomisin, CPO/Co-founder, Vesicash

One of the senior men here makes use of Vesicash Product Link to sell premium pop-culture inspired tee shirts- check out @giditees and you will be glad. He has his payment link on his Instagram bio and you simply click on it to order then make payment. With the payment link, his customers can see the product details and there isn’t a need for constant DMs. This senior man sure knows the way to his customers’ hearts.

A mix of HR, Content and Sales Teams, Vesicash

I didn’t know that things were going on at Vesicash until I found out that some people here are running secret Ajo with Moneypool- later we will hear that money no dey Lagos.

Ajo involves a group of people (you na know yourselves) that take turns in pooling a certain quantum of savings to each participating member on a monthly basis, till the cycle is completed and all members have collected a similar amount of savings. With Moneypool you can run Ajo with anybody, whether colleagues, church members, trustworthy or even unknown people since your money will be safe and all members of the pool get notified when someone pays.

Engineering Team, Vesicash

Lastly, our technology is used for freelance projects and this has saved a lot of our Techies at Vesicash from sad stories because they make use of Instant Escrow to receive payment from their clients. They avoid the issue of chasing clients for balance after completing the jobs. Their money is safely held in Escrow and they can easily focus on getting their jobs done.

Final Thoughts

Writing about how we, at Vesicash, make use of our Escrow technology is because we want you to know that we aren’t aliens and of course, we don’t want you to be the only one enjoying transparency and accountability that we provide with our escrow products and services.

Now that I have let the secrets out of the bag, I would love to hear from you too. Which of our products make you tickle? Which one has saved you before? Feel free to send me these stories at mariam@vesicash.com or info@vesicash.com.

This blog post was first published in https://blog.vesicash.com/i-ran-away-from-instagram-only-to-be-duped-on-twitter-a-story-of-scammers-lurking-in-all-corners/

Buying from numerous IG stores is gradually becoming an extreme sport and it looks like these scammers won’t stop at anything until they swindle us all. With all the news flying around, I became extra careful when purchasing anything online because I know that my tears are too costly to spend on a scammer.

Back to the main story, I was surfing through the different pictures of a vendor on Twitter. I have been the one to consider Twitter a saner place to shop when compared to Instagram- little did I know that these scammers are in the same Whatsapp group.

It was a pair of heels that I wanted to buy. This vendor had really nice stock, to be honest and I told myself that I had finally gotten a good plug for heels. I had saved the image of the ones that I wanted to get and had entered the DM to have conversations with the vendor.

This vendor had even graciously given me a discount since I was a first-time customer. I asked about the mode of payment that she used and she explained how she’d been duped by some Buyers in the future and why she only resorted to payment before delivery. According to her, she had to pay the company that produces the heels directly.

I don’t know if it was the fact that I had landed a good deal or it was my own impatience to ask her for the name of the company but, I ended up transferring the sum of 20,000 naira into the account number that she had provided and we had an agreement that she would get a balance of 5,000 once she delivered.

Her policy was that delivery of the goods could take as much as a week so I wasn’t bothered when I didn’t get it for the first five days. Exactly a week after our first conversation, I reached out to her again to confirm the status of my shipping. She explained that there was a delay and told me to give her extra 2 days to sort things out.

It was the following day that this vendor’s name randomly popped up on my timeline- another customer had called her out for being a scam and some knots turned in my belly. However, I still gave her the benefit of doubt and decided to wait until one more day to confirm things myself.

The day she had promised me eventually came and I was super excited when I got a call from a delivery guy who told me he had a package for me. Don’t forget that I was still owing her the balance of 5,000 so, I entered her DM to be sure that she was the one that had sent me a package but I realized that she wasn’t responding.

Maybe I trust people too much because I still waited for the delivery guy to arrive, I got my package truly and paid the delivery charges to him. I was excited to rock my heels to Church on Sunday but all of the excitement faded when I opened the package- staring back at me from a box were a pair of low-quality, Aba-manufactured heels that looked like they had seen better days.

I was livid and went back to check the pictures of the product she had earlier shared with me just to be certain that I wasn’t dreaming. The pictures looked perfect but these heels look a whole mile away from being the sleek pair of heels that I had ordered.

I rushed to pick up my phone and was going to ask her what happened to my heels on the way. I mean, these shoes looked like something I would have easily gotten for less than 5k at Yaba on a good evening. I tried sending her a message but I discovered that my line had been blocked from reaching her. I called the line that she had used to forward her bank details but it was switched off. It was at that point that I figured that I had eventually joined the group of those that had been scammed by online vendors.

Since this experience, I became extra conscious of the Vendors I transacted with since I didn’t want a repetition. I have made sure to double-check a Vendor’s handles across all platforms and also use Vesicash’s Vendors by Vesicash service to be sure that their claims are legit. I have also become an advocate of an extra layer of payment security, this is why I ensure that no digital payment is made by me unless it is into escrow.

Do not wait till you waste your money on substandard goods or even end up paying for things that will never make their way to you. Vesicash Escrow services is a crusader of safe digital transactions and it is best if you start enjoying this cloak of safety, trust, assurance, and control too.


www.vesicash.com

This blog post was first published in https://blog.vesicash.com/tools-every-e-commerce-vendor-should-explore-for-their-businesses-part-3/

Hi there, we believe that you are making better decisions for your e-commerce business and that you have started exploring the tools earlier listed. We have discussed marketing and design tools, we have also mentioned some payment and financial management tools that will help your business scale quickly. Since our aim is to help your business grow, we won’t leave you hanging in the middle. Here are some Social Media platforms/ Content Management tools that will help you put your business in the right places:

Social Media Content Management Tools

Buffer

Buffer is one of the most popular applications for mobile and web that fulfills the purpose of social media management through scheduling, analytics, and collaborations.

Buffer offers the opportunity to schedule posts for popular social media networks like Instagram, Facebook, Twitter, etc. You can use a pre-defined timetable for scheduling or schedule posts regularly with the custom scheduler. It is an excellent tool for content management and active publishing that keeps users engaged and updated.

Hootsuite

Hootsuite is a social media management tool that helps you manage and schedule content posts for your social media profiles. It does not directly relate to eCommerce but it can help in increasing your eCommerce engagement and conversions through social media.

Hootsuite also offers social media listening functionality that monitors other social media accounts, audience engagement management, and keyword mention monitoring.

This social media tool helps you increase your productivity and time management along with content scheduling across different social profiles allowing you to effectively generate traffic towards your eCommerce store.

A recap

In this three-part blog series, we have listed some of the tools that you can use to make the running of your e-commerce business easier. Running a business requires taking conscious steps since you won’t be the only person in your chosen niche- You can however stand out from the teeming crowd when you do things differently. Buffer and Canva are design tools that can help you create attractive visuals that will capture your audience.

Mailchimp helps you to create marketing lists in a refined way and you can also track the progress of your email marketing. Google Analytics gives makes it easy for you to work with sound and informed data on the different areas of your business. Your clients deserve the best shopping experience and this is why you should give them the smooth and fraud-free payment option provided by Vesicash Escrow. A combination of two or more of these tools will bring one result- massive sales that is influenced by good marketing and branding.

This blog post was first published at https://blog.vesicash.com/tools-every-e-commerce-vendor-should-explore-for-their-businesses-part-2/

As an e-commerce owner, you have to keep learning and evolving so that you are not left behind by the growing number of people in your chosen niche. It is important to know the easiest way of handling your business and this can be harnessed by the different tools at your disposal. Let us explore some payment and invoicing tools that you can use in addition to marketing and design tools that were earlier discussed:

Finance Management/Payment tools

Vesicash

This is an escrow payment platform that gives you the needed assurance on all sales by eliminating all forms of fraud. With the different escrow products rolled out by Vesicash, you will always be able to provide your clients with seamless and transparent payment options.

Inflow Finance

Inflow is a personal finance app that allows you to link all your bank accounts in one place, create budgets and get insights on your spending. You can create budgets for your expenses on Inflow to see where your money is going. The app sorts your transactions from Transport to Airtime & Data to Food and Entertainment.

Piggyvest

PiggyVest is a very secure online savings platform that makes saving possible by combining discipline plus flexibility to make you grow your savings.

Invoicing tools

Invoice [NG.]

With Invoice, you can manage expenses, create invoices and estimates to send to your clients. The wonderful thing about Invoice is that it can work for almost everyone: it’s a good solution for freelancers and also business owners with a dozen employees. This tool also supports collaboration as users can easily add team members and contractors to access accounts and projects.

Zoho Invoice

Zoho makes it easy to create and send well-designed invoices. Even with the free account, you’re able to customize every little detail on your invoice to reflect your brand. Zoho Invoice also integrates well with Zoho’s other suite of apps, which includes marketing, email, HR, and business process tools.

This blogpost was first published in http://blog.vesicash.com/tools-every-e-commerce-vendor-should-explore-for-their-businesses-part-1/

E-commerce is the “new oil” for most Nigerians as the drift towards the use of the internet to carry out business transactions keeps increasing by the day. While this might be an avenue for most entrepreneurs to take their businesses to the next level, it is important to ensure that they explore all the necessary tools at their disposal as there is a need to stand out within the highly competitive online commerce-sphere.

We have collated a list of tools that E-commerce Vendors could adopt to keep their heads above the parapet, and run their businesses efficiently, these tools have been categorized into sub-groups to help Vendors understand the uses:

Part 1

Marketing tools

Mailchimp

Mailchimp is an all-in-one marketing platform that helps you manage and talk to your clients, customers, and other interested parties. Mailchimp puts your audience at the center so you can send marketing emails and automated messages, create targeted ad campaigns, build landing pages, send postcards, facilitate reporting and analytics, and sell online.

Why we like it: You can easily manage your mailing lists from a central system and you get reports on how these emails fare.

Google Analytics

Google Analytics is an extremely essential tool for your eCommerce store. This tool manages extended in-depth insights into the audience and their activities on your platforms.

Google Analytics will show you the social media platform that redirected most traffic, ROI evaluations on social media campaigns, conversions gained from social media, content performance metrics, pages that derive most social traffic, and much more detailed insights.

You can even prepare reports and relationship metrics among different variables. The best part is that Google Analytics is free and you just need to link your eCommerce platform.

Why we like it: It helps you to gain insights into what you are doing right or not in your business and the areas to improve upon.

Design tools

Canva

Do you want to capture the attention of your audience on social media? Then, you need to create attractive visuals. If you aren’t a designer and don’t have a professional photographer on your team, then it could become challenging.

Canva offers you a drag-and-drop design solution. Besides basic image cropping, editing, text addition, and enhancement features, the tool lets you turn your ideas and inspiration to create stunning visuals. It also offers easy-to-use templates for various industries.

Why we like it: Its easy learning curve and myriad of templates mean that you can begin churning out designs on a consistent basis.

Notion

Notion is an all-in-one workspace where you can write, plan, collaborate, and get organized - it allows you to take notes, add tasks, manage projects & more.

You can create your own layouts and toolkit to get work done. It allows you to write in a beautiful clean space, build your own personal wiki, plan using a kanban view, a calendar or a simple list view, and last, but not least, to capture your workflows and record everything creating spreadsheets and databases.

Why we like it: This swiss-army knife can double as inventory management tool, CRM or even for public announcements and recruitment drives.

www.vesicash.com

The world has gone digital and the heavy reliance of people on the internet to provide all that they need means that businesses running on these platforms need to take a step back and determine how the available data affects what they do. What is analytics? What are analytics? How important are analytics to digital businesses? These are the questions that we will try to answer in this blog post:

What is Analytics?

Simply put, analytics involves the systematic collection and measurement of past performances or data with the aim of gathering insights and making plans on the informative steps to be taken. With analytics, those gathering data can discover, interpret and easily communicate the meaningful patterns in data.

Why is analytics important to digital business?

There is no doubt that with data, informed decisions can be easily made by business owners as they will have clear information on what works and what doesn’t. Here are some of the importance of analytics to digital businesses:

Improvement of Operations

As a digital business owner, analytics are important to aid decisions on the business processes. It will help in optimizing resources, scheduling recurring deliveries, and responding to issues. When data is analyzed, it is easier to see trends and do a predictive analysis that can help the business owner make more insightful data-driven decisions.

Marketing Optimization

Analytics gives digital business owners access to a wealth of information that can inform their messaging. This allows them to see how their marketing initiatives are performing and whether they might need to change strategies or tactics. It is easier to analyze the data behind all campaigns and try to pinpoint why and how the audience interacted with the laid-out content the way they did. This analysis can help to improve campaigns by changing messaging, channels, frequency, etc.

Understanding Customers

Analytics will help to generate insights that can help businesses to better understand their customers, their thought processes, and how a business owner can better align to their wants and needs. A customer becomes the central part of any business story so it is important to build a more solid relationship with individual audience members.

Market insights

Analytics gives business owners access to a great deal of information before they proceed to develop new features and tools. With analytics, the audience can be asked about the types of products and services they want and need. Instead of trying to find a market for something to be sold, analytics would have succeeded in getting a ready-made market to be met.

Conclusion

For any digital business to thrive, it is important to draw insights from different sources in the market and ensure that they are providing the services that are truly needed by people. The digital world thrives on data so, business owners should explore the world of analytics so that they can make saner and more informed decisions about their businesses.

[url]www.vesicash.com[/url]

This blog post was first published in https://engineering.vesicash.com/securing-p2p-transactions-using-vesicash-instant-escrow-ckoid7pxt0kw2v9s16pyuf02f

Earning money is no doubt, very hard but losing it is harder, especially to fraud. In the true state of things, you should get value in exchange for your money but some individuals have daunted this process.

With the constant rise of fraud/scams, you have to be very careful not to fall victim to the gimmicks of these individuals that won't stop their evil acts. So, how can you ensure that you get value in exchange for your money? The simple answer is Vesicash. The simple answer is Vesicash.

Vesicash provides payment security for businesses and individuals across Africa. For your peace of mind when buying from or selling to unknown parties, Vesicash provides:

1. An enabling environment for a fraud-free transaction process.
2, Equally-distributed control between transacting parties.
3. Fully transparent transaction process

Vesicash serves as a trusted intermediary between you and the other party for exchange, which ensures that you get value for your money. Simply put, Vesicash remits the money to the seller when the buyer has approved of the exchange. The next question is, how do you go about it? With Vesicash Instant Escrow, you can set up an escrow payment within 5 Minutes. Now, let's go through the process.

Let's create a scenario that you can relate to- You see something that catches your fancy on Twitter and you want to purchase. However, there seems to be a problem- you don't trust the Vendor enough to pay before delivery and the Vendor, on the other hand, does not deliver without payment. With Vesicash Instant Escrow, this problem of trust becomes eliminated and both parties are assured of getting their ends of the exchange once the terms of the transaction have been met.

The first step is to initiate the Escrow transaction by filling up the phone numbers of yourself and that of the recipient.

After this, proceed to fill in the details about the transaction such as title, description, amount, contract of agreement(optional), and other details that you consider important.

After this, both you and the recipient will get a mail from Vesicash and the transaction details are generated for you. Once you confirm that the details are correct, you can then proceed to pay using your preferred mode of payment (Pay with Card or Wire Transfer).

Upon successful payment, you'll get an official receipt from Vesicash. At this point, your money is kept in a secure account awaiting approval for the delivery of goods. The status of the transaction would read 'pending' and 'awaiting confirmation' respectively. You can monitor the progress by signing into your account using the email and phone used to initiate the escrow transaction.

Once the vendor updates that the product has been successfully delivered, you, as the Buyer will get a notification from Vesicash to confirm the receipt of your products. If you've truly received the product, this is the point for you to confirm and rate the entire process. Afterward, the Vendor gets his payment automatically from Vesicash.

With Vesicash Instant Escrow, the chances of being defrauded are brought to the barest minimum, you can now carry out your transactions with trust and peace of mind. Here's a little secret:

'If a seller/buyer refuses to accept the Vesicash Escrow payment option, there's a possibility that the person is not legitimate.'

Insist on using Vesicash Instant Escrow for all of your transactions so that you can have the assurance that nothing would go wrong. We hope this article was helpful to you. If you have any questions, suggestions, or feedback you can send a mail to techsupport@vesicash.com or support@vesicash.com. You can also drop a comment below or call our Customer Care Line (08066589385).

www.vesicash.com

This blog post was first published in https://engineering.vesicash.com/securing-p2p-transactions-using-vesicash-instant-escrow-ckoid7pxt0kw2v9s16pyuf02f

Earning money is no doubt, very hard but losing it is harder, especially to fraud. In the true state of things, you should get value in exchange for your money but some individuals have daunted this process.

With the constant rise of fraud/scams, you have to be very careful not to fall victim to the gimmicks of these individuals that won't stop their evil acts. So, how can you ensure that you get value in exchange for your money? The simple answer is Vesicash. The simple answer is Vesicash.

Vesicash provides payment security for businesses and individuals across Africa. For your peace of mind when buying from or selling to unknown parties, Vesicash provides:

1. An enabling environment for a fraud-free transaction process.
2, Equally-distributed control between transacting parties.
3. Fully transparent transaction process

Vesicash serves as a trusted intermediary between you and the other party for exchange, which ensures that you get value for your money. Simply put, Vesicash remits the money to the seller when the buyer has approved of the exchange. The next question is, how do you go about it? With Vesicash Instant Escrow, you can set up an escrow payment within 5 Minutes. Now, let's go through the process.

Let's create a scenario that you can relate to- You see something that catches your fancy on Twitter and you want to purchase. However, there seems to be a problem- you don't trust the Vendor enough to pay before delivery and the Vendor, on the other hand, does not deliver without payment. With Vesicash Instant Escrow, this problem of trust becomes eliminated and both parties are assured of getting their ends of the exchange once the terms of the transaction have been met.

The first step is to initiate the Escrow transaction by filling up the phone numbers of yourself and that of the recipient.

After this, proceed to fill in the details about the transaction such as title, description, amount, contract of agreement(optional), and other details that you consider important.

After this, both you and the recipient will get a mail from Vesicash and the transaction details are generated for you. Once you confirm that the details are correct, you can then proceed to pay using your preferred mode of payment (Pay with Card or Wire Transfer).

Upon successful payment, you'll get an official receipt from Vesicash. At this point, your money is kept in a secure account awaiting approval for the delivery of goods. The status of the transaction would read 'pending' and 'awaiting confirmation' respectively. You can monitor the progress by signing into your account using the email and phone used to initiate the escrow transaction.

Once the vendor updates that the product has been successfully delivered, you, as the Buyer will get a notification from Vesicash to confirm the receipt of your products. If you've truly received the product, this is the point for you to confirm and rate the entire process. Afterward, the Vendor gets his payment automatically from Vesicash.

With Vesicash Instant Escrow, the chances of being defrauded are brought to the barest minimum, you can now carry out your transactions with trust and peace of mind. Here's a little secret:

[center]'If a seller/buyer refuses to accept the Vesicash Escrow payment option, there's a possibility that the person is not legitimate.'[/center]

Insist on using Vesicash Instant Escrow for all of your transactions so that you can have the assurance that nothing would go wrong. We hope this article was helpful to you. If you have any questions, suggestions, or feedback you can send a mail to techsupport@vesicash.com or support@vesicash.com. You can also drop a comment below or call our Customer Care Line (08066589385).

www.vesicash.com

This blog post was first published in https://blog.vesicash.com/three-reasons-you-should-use-the-vesicash-milestone-payment-feature/

Are you a freelancer that has fallen victim to people that would ask you to deliver a service but end up bailing out on their ends of the transaction? Have you required the services of people and had to make payments beforehand but end up getting disappointed with the delivery without getting a refund?

Vesicash Milestone payment feature was created to solve the problems associated with service-based transactions and getting freelancers to deliver on their promises and get payment without any hassle.

This feature allows for payment to be made in installments or tranches for every delivered part of the project. It is perfect for developers, designers, content developers, and other creatives that desire an escrow system that rewards them based on the deliverable track.

If you are looking for an escrow payment solution that gives you assurance and is safe, then the milestone feature is what you should consider. Here are reasons you should try out the milestone payment feature for your next service-based transaction:

It gives motivation for each completed task.

We all agree that money is good motivation and considering the fact that there might be no other way to hold people to their words, the Vesicash milestone feature makes it easy for you to get payment for each completed part of the service to be rendered. With this pro-rata or merit-based approach, you are certain that your hard work is always rewarded appropriately

Assurance is given that the service would be delivered since funds won’t be released otherwise.

With Vesicash Milestone feature, you have no reason to doubt that the freelancer would deliver exactly what you both have agreed on at the beginning of the transaction and at the stipulated time. This allows you to set dates for the tranches to be paid, this means that the person delivering the service knows the importance of keeping to the timeline since their payment is dependent on the delivery on their part. This gives room for the completed task to be reviewed and verified, before moving on to the next phase of the project.

It is perfect for services that require upfront payment for production.

For service providers who require that a certain percentage of the total fees be paid upfront before the service production takes place, this feature would be a great way to account for that equitably. Since both parties would have agreed on how they want to spread the payment out, the seller or provider of the service will be certain that the rest of the payment won’t be lost as long as they deliver.

Conclusion

Never again will you put in your creativity and effort into a project and end up getting scammed or have the terms changed at the last minute. Also, as someone who would require help with certain service-based projects and worried about how to ensure that the money doesn’t get delayed till the final completion, Vesicash Milestone Feature is the way to go. It is seamless, transparent, and completely easy to navigate.

Enjoy an extra layer of security and smooth installment escrow payments with Milestone Escrow. Visit https://vesicash.com/solutions to use our Milestone payment option. You can also send your feedback, questions, and other information to info@vesicash.com.

This blog post was first published in https://blog.vesicash.com/p2p-transactions-these-escrow-solutions-will-ensure-that-your-transactions-are-secure-and-transparent-every-time/

Peer-to-Peer transactions, also known as P2P are transactions that require the exchange of money and goods/services between two parties. It could be as simple as splitting payments with a friend or as significant as buying property from an unknown person over the internet.

P2P transactions can be successful with the introduction of one important element- trust. You would have to have faith that the other transacting party, whom you might have had no previous business relationship with and have no idea whatsoever of how honest they would be in the course of the transaction, would deliver on their end of the deal as expected.

A lot of people in recent times have had myriads of complaints about P2P experiences gone wrong- from a Vendor that didn’t deliver products as agreed or one that delivers something completely different to what was ordered with no chance for the buyer getting refunds. We’ve also heard stories about Sellers getting fake alerts or Buyers disappearing after receiving the goods without paying beforehand.

The need for P2P transactions will not go into extinction and scammers won’t relent, this is why digital escrow is the panacea for digital payment woes. Trust might have just gotten a new name; Escrow and it is one that you can always count on. If you are planning on having a P2P transaction soon and you want the best assurance that you can get, here are the Escrow products that will give you just that:

Trizact– Provides Social Commerce business owners (sellers on Instagram, Facebook, and Twitter) with their unique payment link that they can share with Buyers, allowing them to receive escrow payment with ease. Trizact is seamless as the buyer does not need to sign up and payment is released to the Seller after the delivery has been made and accepted.

Instant escrow– makes it easy for the transacting parties to create a transactional escrow account in as little as 3 minutes. Instant escrow comes in handy for on-the-go transactions as it does not require any sign-up for both ends.

Milestone Escrow– which is ideal service-based P2P transactions or the ones that would require getting paid for each completed part of a service or project. It allows the transacting parties to decide and agree on how the funds would be released in installments.

Whether you are looking to complete an urgent trade deal or you want to be able to receive funds in tranches for your services, Vesicash Escrow will ensure that all your P2P transactions are carried out seamlessly and with the guarantee that both parties are treated fairly and equitably.

Visit https://vesicash.com/solutions today and experience smooth and assured P2P transactions.