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What is PaidPromise?

PaidPromise is a dedicated online escrow payment service aimed at freelancers who have successfully secured projects and wish to receive their payment prior to starting the work. The platform enables freelancers to create a distinct payment link for each project, allowing clients to make an advance payment of the agreed amount. Instead of being held in a corporate account, these funds are protected by a smart contract on Base, ensuring that payment is only disbursed once the client approves the work or after a specified review period of 3, 7, or 14 days without feedback. To promote clarity, freelancers can share a watermarked preview of their work initially, while only the final deliverables are made available post-payment approval. PaidPromise applies a straightforward fee of 1.75%, which is only charged upon the release of funds, and clients can initiate refunds free of charge. Unlike conventional freelancer marketplaces, PaidPromise eliminates subscription fees and caps project payment amounts at $500. This service is specifically designed for independent freelancers and their clients who wish to handle direct payments in a streamlined manner. By simplifying the payment process, PaidPromise enhances trust and security, creating a more reliable environment for freelancer-client transactions. Moreover, this platform empowers freelancers to take control of their financial interactions and fosters a productive working relationship with their clients.

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.

Media

No images available

Media

Integrations Supported

Base

Integrations Supported

API Availability

API Availability

Pricing Information

1.75%/release
A flat 1.75% fee is charged only when funds are released; refunds carry no fee. No subscription. Jobs are capped at $500.

Pricing Information

0,7% Fee

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Not specified

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Not specified

Training Options

Not specified

Company Facts

Organization Name

PaidPromise

Company Location

Pakistan

Company Website

paidpromise.app

Company Facts

Organization Name

PAYLAX

Date Founded

2015

Company Location

Germany

Company Website

paylax.com/en

Categories and Features

Online Escrow

Not specified

Categories and Features

Online Escrow

Not specified

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