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features
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support

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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

Execute your transactions with assurance, as Shieldpay offers straightforward and clear payment solutions tailored for the legal, financial, and professional services sectors. Our platform simplifies customer due diligence, payment processing, and transaction oversight, backed by a dedicated team of experts ready to help. By outsourcing your client account functions to us, you can improve operational efficiency, minimize risk, and cut down on administrative expenses. In just 48 hours, establish a secure escrow facility with our adaptable solution designed to accommodate various deal types. We provide strategic solutions to address the unique aspects of each transaction, ensuring efficient payment settlements to stakeholders across different jurisdictions. Demonstrate financial security for costs, safeguard contested funds awaiting judgments, manage class action funds, or facilitate the handling of settlement payments. Additionally, we oversee contract payments and allocate milestone payments to guarantee that construction projects are completed punctually and within budget, thereby enhancing overall project management. With Shieldpay, you can navigate the complexities of payment transactions confidently and efficiently.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

0,7% Fee
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

PAYLAX

Founded

2015

Country

Germany

Website

paylax.com/en

Vendor Details

Company Name

Shieldpay

Founded

2016

Country

United Kingdom

Website

www.shieldpay.com

Product Features

Product Features

Alternatives

Alternatives

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