Overview
GoCredible is a payment service provider that processes payments between a buyer and a seller tied to delivery confirmation. The model resembles a safe deal: the money reaches the seller once the buyer has received the goods.
How it works
- 1.The buyer pays for the order.
- 2.Funds are held until delivery is confirmed.
- 3.After confirmation the seller is paid.
This reduces risk for both sides. The buyer does not pay for goods that never arrive, and the seller can see the money has already been committed.
Who it suits
- marketplaces and classifieds where the parties do not know each other;
- sales of high-value goods with shipping;
- B2B deals with deliveries in batches.
What to clarify
Geography, fees, holding periods and the dispute process are not given in the listing. Before launching, find out who confirms delivery and how, and what happens to the funds if the buyer disputes receipt.
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What they do
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