1. Registration and Configuration
Before starting, the buyer must be previously registered on the Refesite platform and, in most cases, complete a process of identity verification (KYC) to guarantee security.
NOTE: The seller must have added the means of cobrace and fee for each means of collection. ¡Hola! ¿En qué puedo ayudarte hoy?
How to add a collection medium on the P2P platform of Referesite?
3. Purchase Order Receipt
When a buyer selects the offer and decides to initiate the purchase, the P2P system temporarily blocks the seller's funds. Escrow refers to a financial arrangement where a third party holds and regulates payment of funds or assets on behalf of two parties involved in a transaction. The funds or assets are held by the escrow agent until the transaction is completed, at which point they are released to the appropriate party. Until the payment is completed.
The buyer makes the payment according to the agreed conditions and provides proof of payment.. At this point, the seller must verify that the money has been received correctly.
Once the payment is confirmed, the seller releases the assets held in escrow, allowing the buyer to receive them in their account.
At the end of the transaction, both parties can rate each other and leave a review to improve trust and reputation on the platform.
This process is efficient and provides autonomy to the sellers, but it is crucial to verify payments before releasing the funds to prevent fraud.