PayPad's innovative online self-service Shop with Auctioning application provides a dynamic visual representation of vendors' goods or services in real-time for potential buyers. This model comprises four
Vendors apply for a virtual shop via PayPad's forms, validated by authorized bodies. Key fields like NIN, phone number, and photo ensure accurate data. Approved vendors receive login credentials for uploading goods, filtered by PayPad for quality and price control.
For customer purchases, three main payment modes are available
Once terms and conditions are accepted, the buyer selects a delivery mode, and payment is confirmed. The merchant's payment is temporarily held in PayPad's suspense account until the customer confirms thorough delivery. Transactions can then be canceled or finalized.
During registration, customers select a service, input details, and initiate a transfer. PayPad validates details with Visa/MasterCard. For invalid transfers, customers are notified; otherwise, the request is sent to Visa. Visa deducts and transfers funds, providing feedback to both parties on the transfer status.