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What is PAYLAX?

The PAYLAX escrow service provides a high level of security for transactions involving parties who may not know each other. In this framework, sellers receive their payments only after buyers confirm that they have received and are satisfied with the item or service purchased. The transfer of funds is managed through the buyer's PAYLAX account, ensuring that the buyer cannot access the money without the seller’s consent. Notably, buyers are not obligated to disclose any banking information, which adds another layer of privacy. This setup allows buyers to evaluate the quality of the product before the seller is paid. Sellers are assured of receiving payment only after the buyer has securely deposited funds into an escrow account that is safeguarded against insolvency. Such a structured approach enhances fairness and transparency in all transactions. The design of this system actively prevents the occurrence of intentional fraud, making sure that no goods are exchanged and no payments are made without proper verification. In addition, any release of funds or issuance of refunds necessitates a mutual agreement from both parties, thereby strengthening trust and accountability. These comprehensive measures collectively create a secure and dependable environment for transactions, fostering confidence in the process. Ultimately, the PAYLAX system aims to revolutionize how transactions are conducted by prioritizing security and trustworthiness.

What is Midcontract?

Introducing Midcontract, the premier escrow solution designed specifically for freelancers and agencies! With complete escrow protection for every service agreement, you can finally eliminate worries about non-payments and payment delays. Midcontract facilitates swift and secure transactions, accommodating both fiat and cryptocurrency, while offering milestone-based fund releases to ensure your money remains protected. Your funds are securely held by Midcontract until the terms of the contract are fulfilled, providing reassurance and security for everyone involved in the transaction. This innovative approach to escrow makes managing payments more efficient and reliable than ever before.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

0,7% Fee
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

PAYLAX

Date Founded

2015

Company Location

Germany

Company Website

paylax.com/en

Company Facts

Organization Name

Midcontract

Date Founded

2024

Company Location

Europe

Company Website

www.midcontract.com/#Main

Categories and Features

Categories and Features

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