What is Escrow?
An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.
When to use Prepay?
Prepay is very useful in the case of a transaction where a large amount of money is involved and a certain number of obligations need to be fulfilled before a payment is released like in the case of a buyer purchasing an expensive electronic product from online marketplace where there is no guarantee of receiving the item, while the seller doesn’t want to post the item without receiving money first.
Can I trust Prepay?
Prepay is a registered entity under Asia Prepay Sdn Bhd located in Sg. Besi, Kuala Lumpur. Prepay has been establised over years since 2018. Prepay also has received a compliance from MDEC for Islamic Digital Economy (IDE) and also one of top 5 winners from Nexea Accelerator program in 2019.
Prepay is a brand new payment experience that enhances the way you doing online transanction. Whether you are an online buyer or seller, Prepay adds a layer of protection to your payment and prevent online fraud. E-commerce and social commerce can now be managed with zero effort. With Prepay, you can create your own shortlink, make/receive payment, manage your digital money and sales, track money and item delivery status all in one single place, anytime and anywhere. .