Global map > Innovations > Australia and Oceania > Australia > Melbourne > PromisePay
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PromisePay provides a way for people, businesses and online marketplaces to transact on goods or services using a safe and secure escrow payment platform either directly through the PromisePay website, or integrating seamlessly into websites via an API. We believe that marketplaces, where buyers and sellers don’t necessarily know or trust each other, are able to widen their offer and allow transactions where both parties can be protected. Getting paid is one of the biggest problems businesses and individuals face. PromisePay was created to stop the increasing amount of late or unpaid invoices and businesses being left high and dry. In 2012, 64% of small businesses in the US had unpaid invoices owed to them for over 60 days, and 20% of them say it’s getting worse. At the same time consumers are at constant risk of online fraud, receiving poor quality services or not at all. By using PromisePay both sides of an agreement have control over their money and deliverables.
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