ESCROW –
Transaction Security
Transaction guarantee service from iPaymu, where iPaymu as Independent Third Party that guarantees the transactions of two parties (Buyers and Sellers)
30 Seconds Activate
The main vision of Escrow presence is
This service secures transactions made by Buyers on merchants integrated with the iPaymu payment system. With the Escrow service, the merchant will receive new payments (funds) when the buyer performs a “Confirm Transaction”.
This Escrow Service is automatically Active (default) on the Payment Link feature and the Webstore/ Merchant platform that is integrated with iPaymu if activated by the buyer (customer) who shop at iPaymu Merchants.
Will be an option for the Buyer when making a payment (can be activated or no)
Flow Escrow Without Going Through The Payment Link
Auto On
All transactions through the Payment Link will automatically become Escrow Transactions and are specific to the payment method; Bank Transfer & VA.
Bank Transfer (VA & Unique Code)
In addition to the payment link, escrow can also be activated by buyers on the Bank Transfer (VA & Unique Code) payment method and this will be an option for buyers because it can be activated or not.
COD, CStore, CC, QRIS, Akulaku
For COD, Convenience Store, Credit Card, QRIS, Akulaku payment methods currently cannot use the escrow feature.
Funds In
After Confirmation
New funds will go to the seller after the Escrow is confirmed by the buyer.
Automatically Confirmed
7×24 hours
Escrow will be automatically confirmed in 7x 24 hours if the buyer doesn’t / forgets to confirm in the email.
Extended Warranty up to 10×24 hours
Buyers can also extend the escrow warranty for 3 days if needed, so the total escrow days will be 10×24 hours.
How to Activate Escrow
If you are a buyer, here are the procedures for activating escrow, confirming escrow and extending the order warranty
You just need to click the “Change transaction to Escrow” in the email sent by iPaymu if you want to activate escrow.
You can confirm the escrow, by clicking the “confirm now” in the email sent by iPaymu if you want to confirm the escrow transaction.
You can extend the warranty period of your order if you have not received your order within 7 days, by clicking the “Extend Order Warranty” button.
