01
Create escrow payment
The buyer or seller creates a escrow payment with PAYLAX and invites the business partner by mail, text message or WhatsApp. The registration at PAYLAX is free.
Buy and sell domains, websites and Internet access securely
With the PAYLAX digital escrow service, you can buy and sell domains, websites or other Internet access securely - even across national borders
- Real protection for buyers & sellers starting at 1€
- Can be used worldwide
- Real-Time transactions
- Fraud protection
- > 273 Mio. €
- |
- > 186 Mio. $
- |
- > 57 Mio. £
Volume of created digital escrow payments in 2020
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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.
02
Deposit money
The business partner joins the escrow payment and the buyer deposits the agreed amount of money via creditcard, SOFORT (Klarna) or bankwire in the escrow account. PAYLAX informs the seller about the receipt of money, whereupon he sends the goods or provides the service.
After the receipt of the money, the buyer can receive the money back only with the consent of the seller. The seller also receives the money only after it has been released by the buyer. Thus both sides are secured.
What happens if the buyer does not release the money?What happens if the seller does not deliver or if the product/service has defects?
03
Release money
After the buyer has received the goods or checked the service, they release the money via PAYLAX. Both parties will immediately receive a confirmation of the release and the money will be irrevocably forwarded to the seller.
Are you running a marketplace, online shop or an online platform?
Offer your customers a secure and simple payment method and increase their confidence in your platform.
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
pay & relax GmbH, operator of the PAYLAX trust service, is a Stuttgart-based company and was founded in 2015. PAYLAX is based on a cooperation between pay & relax 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 with ING. EUR deposits via Bank Transfer are processed by Commerzbank in Germany, deposits in GBP and USD are processed by Barclays Bank in London and transfers in CHF, AUD and CAD are processed by BNP Paribas in Luxembourg.