When you send payment via Ewire, there are two possible transaction types.
Email payment is made via a direct transfer to the recipient. You simply enter the recipient's email address. The payment is then transferred and immediately at the recipient's disposal.
Ewire has created the Ewire SECURE deposit function, which is particularly suitable for use in trade between home users. Ewire SECURE ensures that consumers receive the goods or services they pay for.
When payment is made, the money is deposited at Ewire for a period agreed between purchaser and vendor. When the purchaser has successfully received his purchase, he or she immediately releases payment to the vendor. At the end of the agreed period, the sum is released automatically to the vendor.
In the event of a dispute, the purchaser can block release of the payment sum before the end of this period. In this case, the sum will remain in deposit at Ewire until the purchaser and the vendor have agreed on who should receive it.
If the purchaser and vendor fail to agree, the case can be transferred for settlement within the legal system.
The Ewire SECURE system has now been in operation for more than three years and experience tells us that the system successfully meets online purchasers' security needs, eliminating the risk that the vendor can 'take off with the money' without sending the goods. The fact that the vendor can accept a transfer of this kind is in itself a positive sign, i.e. that he/she is trustworthy, as a dishonest vendor will realise that he/she cannot cheat the purchaser in an Ewire transaction.
And, during the last three years, no blocked SECURE payment has been transferred to the legal system for settlement.