Peer-to-Peer transactions, also known as P2P are transactions that require the exchange of money and goods/services between two parties. This could be as simple as splitting payments with a friend or as significant as buying property from an unknown person over the internet.

How can P2P Transactions be Successful?

The success of P2P transactions is dependent on one important element- trust. You would have to have faith that the other transacting party would deliver on their end of the deal as expected. A lot of people in recent times have had myriads of complaints about P2P experiences gone wrong and some of these problems are listed below:

Common Problems with P2P Transactions

  1. Vendors that didn’t deliver products as agreed.
  2. Vendors that deliver something completely different from what was ordered with no chance for the buyer getting refunds. 
  3. Sellers getting fake alerts or Buyers disappearing after receiving the goods without paying beforehand.

Which Vesicash Escrow Solutions can Solve the Problems Associated with P2P Transactions?

Trizact– Provides Social Commerce business owners (sellers on Instagram, Facebook, and Twitter) with their unique payment link that they can share with Buyers,  allowing them to receive escrow payment with ease. 

Instant Escrow–  A product that makes it easy for the transacting parties to create a transactional escrow account in as little as 3 minutes. Instant escrow comes in handy for on-the-go transactions as it does not require any sign-up for both ends.

Milestone Escrow– An ideal Product for Service-Based P2P transactions or the ones that would require getting paid for each completed part of a service or project. It allows the transacting parties to decide and agree on how the funds would be released in installments. Visit today and experience smooth and assured P2P transactions.