1. Create escrow payment and send payment link
The seller creates an escrow payment via the PAYLAX dashboard and sends the payment link to the buyer.
Securely handle online transactions
The PAYLAX-Escrow Protection provides maximum trust when buying or selling products or services online
- Real protection for buyers & sellers starting at 1€
- Can be used in the European Union
- Cashless processing on site
- Real-Time transactions
- Fraud protection
- The standard for secure payments since 2018
This is
How it works
If you have agreed on a price and the method of delivery, then the question of secure payment processing remains. If you want to be on the safe side here, then agree with your business partner on the settlement via the PAYLAX escrow service and create the escrow payment.
2. Buyer deposits the money on the escrow account
The buyer opens the payment link and deposits the purchase amount in an insolvency court escrow account. Depending on the transaction volume, the buyer can choose from the following payment methods.
3. Seller hands over the goods or service
PAYLAX informs the salesman about the safe receipt of money and he can arrange now carefree the delivery of the commodity or the contribution of the service.
4. Seller receives the money in real time after approval
After the buyer has received and verified the goods or service, the money is irrevocably transferred to the seller.
Buyer Protection
The seller does not receive the money until the buyer has received and verified the goods or service. The release must be made via the PAYLAX account of the buyer.
Seller Protection
The buyer cannot withdraw the money without the express consent of the seller. It is not necessary to pass on bank details to the buyer
Your
Benefits
Simple and inexpensive payment method
With PAYLAX, you can create a link in a few seconds to request or send money securely and cost-effectively. Escrow protection offers maximum security and is particularly suitable for transactions concluded between two parties via the Internet.
Reduced risk
Existing payment service providers usually do not offer sufficient protection. The risk of fraud increases especially in transactions with unknown persons and in cross-border shipments. PAYLAX's step-by-step processing reduces the risk and allows you to act without worries. The willingness alone to handle the purchase transaction via an escrow service underlines the seriousness and integrity of the parties involved.
Protection for both parties
PAYLAX's aim is to protect both buyer and seller from fraud and to make the payment secure and fair for both parties. The deposited funds are kept safely in an insolvency-proof escrow account until the transaction is concluded. The buyer is given the opportunity to inspect the goods or service before the funds are released. The seller delivers only after receipt of payment and is protected against unexpected chargebacks.
Suitable for goods, services and deposits
There are no limits to the purchase transaction via PAYLAX. In addition to buying and selling goods such as cars, boats, jewellery, watches, furniture, electronic goods, PAYLAX can also be used for services and deposits.
Trusted payment service provider
Continental Payment GmbH, operator of the PAYLAX trust service, is a Stuttgart-based company and was founded in 2015. PAYLAX is based on a cooperation between Continental Payment GmbH and MANGOPAY SA, an authorised and CSSF (financial supervisory authority) supervised e-money institution in Luxembourg. Client funds are held in insolvency-protected escrow accounts.