Introducing paysecure. The new way to get paid.
Goodbye tricky financial agreements; hello controlled payments.
Have you ever been worried that your client won’t pay you on time? Or your buyer may not have the funds to pay for their purchase?
Then you should use paysecure.
We’re on a mission to put financial confidence into the hands of everyone in every industry.
If you provide a high-value service, or sell goods online or in-person, our secure payment solution is the tool for you. It’s designed to give you peace of mind and security whenever you’re transacting.
Say goodbye to risky business
Buyer behaviours have changed over the years, so has the way they shop. The market economy has boomed with the likes of Facebook Marketplace, Gumtree, Carsales.com and others. As these marketplaces grow, so does the risk to buyers and sellers.
Add this to the ever-present challenges faced by both parties when engaging in large, professional services projects like construction and trade.
paysecure helps your customers trust that they’re getting great quality products and services, while ensuring you also get paid, on time, every time.
Agreements matter
At paysecure, it all starts with payment agreements. We believe they are essential when finances are involved. They help to create the clarity and trust that form the basis of a happy buyer-seller relationship.
However, we’re aware that these initial discussions can be challenging. This is one of the reasons we exist. paysecure takes away the awkward conversations around deposits and release of funds, making it easier than ever before to do business.
We’re secure payments, with a difference.
The simple and secure payment tool enables payment agreements to be set up in minutes. It lets sellers outline payment amounts aligned to delivery milestones, and makes the sequence and status of payments clear for all involved. Once both parties agree, customers can safely place deposits in paysecure for each milestone of their agreement.
Sellers, you then know your buyer is genuine.
Funds are held securely in paysecure and safely maintained. Money for each milestone is held until the buyer and seller agree it is complete.
Buy and sell with confidence
Customers benefit too. They control the release of their funds after verifying the quality or authenticity of each milestone. This allows them to keep confidence in their seller or service.
So, think of it like this…
- Sellers create agreements
- Buyers review and accept the agreement
- Funds get deposited by buyer
- Seller delivers the goods or services
- Buyers verify the quality or authenticity
- Payments get released
Win-win. Happy buyer, happy seller.
What makes us different?
There are other payment solutions out there. But we do something different.
- PayPal – PayPal creates ways to manage and move money and offers choice and flexibility when sending payments. PayPal can’t offer its customers the confidence they can get from paysecure. Unlike PayPal, paysecure lets customers establish clear payment agreements, so both parties involved know they are genuine, reducing the risk of a scam.
- AfterPay – AfterPay is a buy now pay later company. It allows people to split payments for purchases into four parts, for both online and in-store purchases. paysecure is not a buy now pay later model. paysecure shows sellers that customer funds are secured, prior to completion or exchange. Through paysecure, buyers can verify their goods or services, and release funds when they’re satisfied.
- paysecure – with a paysecure payment, the seller will only receive funds when the buyer has received and verified the product or service. Sellers know they will receive payment as they have confirmed funds have been securely deposited. Both parties know their money is safe with paysecure, all actions are recorded on a blockchain to ensure full transparency and certainty.
Marketplace scams have increased
Data from Australia’s consumer watchdog showed that scams on classified websites, such as Facebook Marketplace and Gumtree, increased by 60% in one year, and resulted in $4.5 million losses.1
More than one billion people buy and sell goods via social marketplaces each month. Unlike Amazon or eBay, marketplace users rely on the direct communication between buyer and seller, and make payments in-person or by direct bank transfer.
As these platforms lack built-in payment gateways, fraudsters use this opportunity to steal money and sell fake items.
The cost of late payments
Getting paid for the work you’ve done can also be challenging.
Australian businesses exchange approximately 1.2 billion invoices per year,2 with SMEs issuing $216 billion worth of invoices annually.
According to a recent survey on 150,000 small Australian businesses, a staggering 53% of all invoices were paid late.3 The delays mean $115 billion is not reaching companies on time. This equates to around $52,000 owed to
each small business in Australia every year.3
This impact this causes is serious, resulting in:
- Limited cash flow
- Increased debt
- Added interest on loans
- Upfront costs for legal action
The Australian Finance Network states that late payments are a deeply ingrained part of Australia’s business culture. However, with poor cash flow responsible for 90% of SME failure, 4 outstanding payments are an issue that needs to be solved.
Change the way you get paid
The market economy and professional service landscape can now trade with confidence knowing that paysecure has their back.
If you’re parting with prized possessions or just want to get paid on time, we’re the answer to your problems. It’s now easy to manage payments transparently with trust that your buyer is genuine.
Do what you do best with peace of mind payments.
1. Australian Competition & Consumer Commission: Scamwatch, ‘Watch out for online shopping scams this holiday season.’
2. The Australian Government: The Treasury, ‘Supporting business adoption of eInvoicing’
3. Xero: Small Business Insights, ‘Paying the price, the economic impact of big businesses paying Australian small businesses late’
4. Australian Finance Network, ‘The true cost of late payments’