PayProff is developing an escrow service to keep users safe and secure from fraud or scams when they buy or sell high value goods (or when they're buying that personalised pair of sneakers).
You just bought an expensive bike from someone online. They give you their MobilePay number and all you need to do is just send them the money. This is the all too familiar beginning of a scam and you've heard it from at least one of your friends. In the last few years the numbers of online fraud have exploded and we want to offer a solution so that people can protect themselves in such situations.
The way we are solving this is by offering an escrow secure account where the buyer can place the money until the seller sends the product. In this way, the seller is sure that the buyer actually has the money and the buyer is sure they can get their money back if the product is not living up to their expectations.
PayProff grew out of a leading European car auction platform, where users had to deal high value cars with strangers and needed a way to protect their money and assets.