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Description
The PAYLAX escrow service ensures optimal security for transactions between unfamiliar parties. In this system, the seller only receives payment once the buyer has confirmed receipt and satisfaction with the purchased item or service. Funds are released through the buyer’s PAYLAX account, preventing the buyer from accessing the money without the seller's permission. Additionally, there is no requirement for the buyer to share any banking information. This arrangement allows the buyer to assess the quality of the goods before the seller is compensated. The seller is only obligated to receive payment once the buyer has securely deposited funds in an escrow account protected against insolvency. This structured process promotes fairness and transparency in every transaction. By design, the system eliminates the possibility of intentional fraud, ensuring that no goods are exchanged and no payments are processed without proper validation. Furthermore, any release of funds or refunds requires mutual agreement between the two parties involved, reinforcing trust and accountability. Ultimately, these measures work together to foster a safe and reliable transaction environment.
Description
PaidPromise is an online escrow payment platform designed specifically for freelancers who have secured a client and wish to receive payment for their projects before commencing work. The freelancer generates a unique payment link for the project, allowing the client to deposit the agreed-upon sum in advance. Instead of being stored in a company account, the funds are safeguarded within a smart contract on Base, which ensures that payment is only released once the client has either approved the completed work or the designated review period of 3, 7, or 14 days has lapsed without any feedback. To maintain transparency, freelancers can provide a watermarked preview of their work initially, and only the finalized deliverables are accessible once the payment is authorized. PaidPromise imposes a straightforward fee of 1.75% that is charged solely upon the release of funds, and clients can request refunds without incurring any fees. Unlike freelancer marketplaces, PaidPromise does not require subscriptions and limits project payment amounts to $500. This service is tailored for independent freelancers and their clients who prefer to manage direct payments for their projects efficiently. By streamlining the payment process, PaidPromise fosters trust and security in freelancer-client transactions.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
Base
No
Pricing Details
0,7% Fee
Free Trial
No
Free Version
No
Pricing Details
1.75%/release
A flat 1.75% fee is charged only when funds are released; refunds carry no fee. No subscription. Jobs are capped at $500.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
PAYLAX
Founded
2015
Country
Germany
Website
paylax.com/en
Vendor Details
Company Name
PaidPromise
Country
Pakistan
Website
paidpromise.app