DIGITAL ESCROW PAYMENTS
Our worldwide solution for fully digital financial transactions of high-value goods >10.000 $ via a secure Escrow account.
TOP CUSTOMER BENEFITS
COST EFFECTIVENESS & SPEED ADVANTAGE
SUPERIOR ESCROW PROTECTION UNDER SWISS LAW
SEAMLESS INTEGRATION OF DIGITAL ONBOARDING & eSIGNATURES
ADDRESS THE FOLLOWING CHALLENGES!
UNIQUE SWISS ESCROW LAW PROTECTION IN CASE OF INSOLVENCY
Learn MoreBenefit from unique and superior Swiss Escrow Law protection in case of insolvency. The money of an Escrow transaction is protected from the insolvency of the agent and the insolvency of the bank at which the Escrow account is housed [Art. 47 of the FINMA Banking Insolvency Ordinance].
COST ADVANTAGE VS. TRADITIONAL BANKS
Learn MoreAvoid high transaction costs [For traditional Escrow accounts up to 8% of total transaction value].
E-COMMERCE TRANSACTIONS LARGER THAN 10.000 $
Learn MoreRealize carefree money transfers worldwide larger than 10.000 $ [e.g. PayPal transactions are limited, making large single transaction impossible].
SPEED ADVANTAGE VS. BANKS
Learn MoreTakes only minutes with our fully digital solution. The current bank process [Escrow] is significantly slower [approx. 2-6 weeks] and requires large amounts of paper forms.
SEAMLESS INTEGRATION
Learn MoreSeamlessly integrate fully digital onboarding and contract signing processes into your negotiation and trade process.
OUR SOLUTION
PayON is our solution for fully digital transactions of high-value goods >10.000 $ via an Escrow Payment service. It enables customers to realize frictionless trade relations worldwide and reduce fraud. Compliant – Cost-effective – Fast.
It ensures a seamless experience end-to-end, covering functions like:
- Customer Identification and verification
- Electronic signature
- Video collaboration
- Contract management
- Tracking (Payment | Goods)
MAJOR BENEFITS
QUICK IDENTITY VERIFICATION [including background checks of buyer and seller, e.g. Know Your Customer | KYC, credit, and address checks]
RAPID PROCESSING COMPARED TO TRADITIONAL ESCROW PROCESSES [in only minutes vs. weeks]
COST-EFFECTIVE compared to traditional Escrow processes
USER-FRIENDLY – No physical presence needed. Excellent customer experience due to automated processes and collaboration via video stream
FRAUD PREVENTION
COMPLIANT & REGULATORY CERTAINTY
UNIQUE SWISS INSOLVENCY PROTECTION & DATA SECURITY [Art. 47 of the FINMA Banking Insolvency Ordinance]
LEGALLY VALID ELECTRONIC SIGNING [equivalent to a handwritten signature thanks «Qualified Electronic Signature» based on ZertES Swiss Signature Act]
ENHANCEMENT OF SALES & SIGNING PROCESS due to reduced complexity and fewer delays with client documentation requirements
ARCHIVING [Audio | video | image securely saved]
SEAMLESS INTEGRATION AS «WHITE-LABEL» INTO YOUR INFRASTRUCTURE [e.g. app, website, point of sale]
DISCOVER ALL OUR PRODUCTS!
