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ZoodPay (Escrow)

ZoodPay protects your payment reducing the risk of fraud or misrepresentation. ZoodPay acts as a third-party Limited Collection Agent (LCA) on behalf of the Seller that collects the payment from the Buyer and pays the Seller only upon delivery of the product(s) according to the terms and conditions of the trade transaction.

This is how ZoodPay works in five simple steps:

1

Buyer and Seller agree to terms and conditions

Buyer & Seller agree to terms and conditions

  • The Buyer or the Seller initiates a new trade transaction

  • After completing their registration at Zoodel.com both parties agree to the terms and conditions of the transaction

2

Buyer makes payment to Zoodel.com

Buyer makes payment to Zoodel.com

  • The Buyer transfers the payment for the agreed transaction with the Seller to Zoodel.com using an approved payment method

  • Zoodel.com verifies the orderly receipt of the payment

  • The Seller is notified that the payment has been safely obtained

3

Seller delivers products to Buyer

Seller delivers product(s) to Buyer

  • Once the receipt of the payment is verified by Zoodel.com, the Seller is authorized to start delivering the product(s) to the Buyer and submits the relevant tracking information

  • Zoodel.com verifies that the Buyer has received the product(s)

4

Buyer accepts products

Buyer accepts product(s)

  • The Buyer disposes with a pre-defined number of days to inspect the product(s) and has an option to accept or reject the delivery

  • The Buyer accepts the delivery of the product(s)

5

Zoodel.com makes payment to Seller

Zoodel.com makes payment to Seller

  • Zoodel.com releases the safeguarded payment upon the successful delivery of the product(s) to the Seller

  • The new trade transaction is completed safely and securely !!!

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