WoWme offers you a safe & reliable payment system
WoWme payment system is integrated with an Escrow account – a helpful feature for the admin to create a trustworthy marketplace. Currently, Escrow is working with PayPal Adaptive, and Credit to hold money as a neutral third party in the transaction until the service or good is delivered.
In case of dispute, admin will play a role as judge to make the final decision to refund money to the person being WoWed or send the payment to the vendor based on proof of delivery of items or service. WoWme is here to ensure the safety of each transaction and the benefits of your using the application. Let’s look at this example for better understanding the flow:
Consumer accepts a bid
When the consumer accepts a bid, he or she transfers money including budget & small commission fee through a payment gateway PayPal Adaptive, or Credit Card. Admin will hold the payment until the goods or services are delivered. Once the transaction is completed, money held in Escrow is manually transferred to the vendor.
With escrow credit as a payment method on the site, vendor has to send a withdrawal request to the admin to get cash. The admin reviews the request and send the payment to that vendor.
Sometimes, the admin has to manage disputes. It occurs when the consumer isn’t satisfied with vendor’s performance; or the vendor doesn’t deliver the goods or services as agreed upon. In contrast, vendor believes he or she has provided what was expected and the consumer does not click the button as “Deilvered”, the vendor can also send a dispute request to admin.
If this occurs, admin will play a role as judge to make the final decision to refund money to the consumer or send the payment to the vendor based on evidence or proof of delivery.