A service where MOLPay acts as a trusted 3rd party that collects, holds, and disburses fund on behalf of Marketplace according to Buyer and Seller instruction.


It is an ideal solution for online companies that works as an online mall, department stores platform operator, or any C2C marketplace that deals with a huge number of customers or even those who want to focus on their business strategies instead of the complexity of a marketplace.


Buyer Benefits

Buyer can raise a dispute on any unsatisfied transactions through MOLPay Escrow API
Buyer is eligible for refund once dispute cannot be resolved through MOLPay Mass Payment API
 

Seller Benefits

During MOLPay settlement, sellers will get their funds through MOLPay Mass Payment service
 


Marketplace Benefits

Marketplace can easily provide escrow service through MOLPay Escrow API
Marketplace can use MOLPay Mass Payment for fund disbursement to seller and refund to buyer
Marketplace operator can focus more on the core business and marketing
 

How does MOLPay Escrow Payment works?

1.

Marketplace operator to integrate MOLPay escrow API

2.

Seller and buyer seal a deal and buyer pay using MOLPay

3.

Seller ships the good(s) to buyer

4.

Buyer has the option to raise a dispute through API

5.

Marketplace needs to resolve the issue between seller and buyer

6.

Once resolved, change the flag to all OKs

7.

MOLPay will settle the funds based on marketplace instruction during settlement

8.

If the dispute is not able to resolved, refund to buyer will be scheduled and executed