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An ideal escrow account

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@StephenAfamO wrote:

Now, a lot of people (including me) have been complaining about POD/COD in Nigerian e-commerce.

One of the solutions I have heard repeatedly is escrow payments so I decided to build one into http://proudly.com.ng

The current flow is.

  1. Customer pays,
  2. There is a default 14 day gap before the merchant is credited. (Can be changed for special cases)
  3. If the customer indicates that he/she is satisfied with the service before then, the merchant is credited.
  4. If the customer is dissatisfied, he/she will raise a dispute.
  5. After a dispute is raised, the merchant and customer will have a place to discuss and negotiate a partial or full refund.
  6. If any party is fed up with the negotiations, they can escalate the dispute to a claim. Claims are governed by the central refund policy.
  7. If the dispute is abandoned, I.e. no new comments in 48 hours (can be change for specific merchants) the dispute is automatically escalated to a claim
  8. Once a dispute escalates, negotiations are no longer possible.
  9. An admin will use the evidence provided in the discussions and contact the affected parties if necessary. A final decision will then be made according to the refund policy.
  10. Refunds will take at most 48hrs to process. Directly to the customer's back account.
  11. Whatever amount is left will be credited to the merchant.

I would like some feedback on this workflow.
If there is anything you think should be changed.
This has to be done right to gain the trust of customers so please I really really need the feed back.

I am working on providing a demo account where this can be tried out properly.
It should be ready soon.

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