FijiPlaza uses a service account, also known as an escrow account, to process payments between buyers and sellers. This means that when a buyer makes a purchase on the platform, the funds are held in the FijiPlaza service account until the buyer confirms receipt of the product and is satisfied with the purchase. Once the buyer confirms receipt, the funds are released to the seller.
This system ensures that both the buyer and the seller are protected during the transaction. For buyers, it guarantees that they will only pay for a product once they have received and are satisfied with it. For sellers, it guarantees that they will receive payment for a product once it has been delivered and the buyer is satisfied.
FijiPlaza's service account is a secure and efficient way to process payments, it is also an industry standard for online marketplaces. Other marketplaces like Amazon, eBay, and Alibaba use similar systems to ensure the safety and security of transactions on their platforms.
It is important to note that while the service account process is designed to protect buyers and sellers, it is not a guarantee of the quality or condition of the product. It is always recommended that buyers carefully review the product description and images before making a purchase, and communicate with the seller if they have any questions or concerns.
In addition, FijiPlaza also offers Manual transactions for users who do not have access to credit cards or prefer to use other payment methods such as mobile wallets or bank transfer. To know more about the manual transactions, please read the article on "How to use manual transactions" in the knowledge base.
By using the service account, FijiPlaza is able to create a secure and efficient payment process for buyers and sellers. It is important for buyers and sellers to understand and follow the process to ensure a smooth transaction. If you have any questions or concerns about payments on FijiPlaza, please don't hesitate to contact our customer support team for assistance.