Use case
Hold funds until delivery
Yes. Neither the buyer nor the seller wants to go first. The payment is held rather than forwarded, and released when delivery is confirmed, so the platform is not carrying the risk in the middle.
What this is built on
Escrow Live
Hold a payment until delivery is confirmed, then release it.
Accept payments Live
Charge a mobile money wallet, card, bank account or PayPal.
Payouts to a wallet Live
Send money to a payer's mobile money account.
Live in Tanzania today; the other markets are being brought up one verified rail at a time. Not to be confused with settlement, which works everywhere.
Markets you can pay out in today (1)
This needs a payout rail, which is switched on market by market. Settling to a bank account by wire works everywhere in the meantime.
Common questions
- How does escrow work for an African marketplace?
- Yes. Neither the buyer nor the seller wants to go first. The payment is held rather than forwarded, and released when delivery is confirmed, so the platform is not carrying the risk in the middle.
- What does this use?
- Escrow, Accept payments and Payouts to a wallet. One integration covers all of them; there is no separate product to buy for each.
- Which markets can I do this in?
- Paying out to a mobile wallet is live in Tanzania today, and the other markets are being brought up one verified rail at a time. Settling to a bank account by wire works in every country in the world, so the money is never stuck waiting for a payout rail.
- Anything to know about payouts to a wallet?
- Live in Tanzania today; the other markets are being brought up one verified rail at a time. Not to be confused with settlement, which works everywhere.