Lamido Philippines Offers Lamido Safepay as Secure Payment Option

Makati City, Philippines, October 15, 2014 --(PR.com)-- The Lamido Safepay is an escrow service that enables Lamido to act as a third party between the seller and the buyer. This generally works by withholding the money deposited by the buyer, which will only be release once the delivery of the purchased item has been fulfilled. With this escrow service in place, it is more likely that fraudulent purchases are limited and invalid orders are also minimized. As an end result, both the buyer and seller are more satisfied with the online transactions.

No sign up needed for Lamido Safepay

Using the Lamido Safepay service is free for use for online shoppers. Deposits are directly made to official bank accounts of Lamido, whereas payments are released on a weekly basis based on the shipped items by the sellers. This payment option guides buyers through a simplified process that lets them deposit payment for any purchased item through bank transfers. Lamido holds the payment until the conditions for release are met.

This revolutionary payment solution works independently, offering merchants added security and ease by a scheduled payment that is release upon order fulfillment. Any merchant can choose Lamido Safepay as a payment option to their items, which allows customers to pay directly to Lamido’s bank account to ensure that both ends of the bargain are safe and secure transactions. Providing customers the best and most convenient payment options with increased security serves as a helping hand to merchants who wanted to tap into new channels of increased return on investments that other buy and sell platforms do not offer.

In addition to this, payment release for Lamido Safepay is easy and convenient. The merchant prompts Lamido for shipped orders and upon submitting shipped out order list, Lamido is notified of transactions completed, triggering a go signal to release payment to the merchant also via bank transfer.

Online Transaction Trends on the Rise

In an infographic released by Realex regarding online payment trends for the second quarter of 2014, it was noted that a 39% increase was established compared to last year’s second quarter. The busiest hours for transactions were still between the hours of 12pm to 6pm GMT, with Friday as the busiest day of the week.

This only goes to show that online transactions are still on the rise and will continue to increase in a quarterly basis. Lamido has ensured that online transactions are more secure with its effort to launch the Lamido Safepay. It is expected that in the coming months, Lamido Safepay will be the most preferred payment option by most merchant in the Lamido’s online buy and sell platform.

Lamido Philippines is a buy and sell platform that provides merchants and consumers an online marketplace where they can conduct easy and safe transactions. Advertising in Lamido is free and sellers can post their products either by fixed, discounted or auctioned prices. Lamido Philippines embodies in it the very same culture that made Rocket Internet one of the biggest names in the online marketing business.