April 14, 2025
What is PayProff – and why should you choose us as your escrow service?
April 14, 2025
April 14, 2025
PayProff is your security when buying and selling online. Especially in larger transactions, both buyer and seller benefit from using a third-party service. PayProff is the third party you need.
Read on as we explain how PayProff works and why using an escrow service can be extremely valuable when making significant online transactions between private individuals.
PayProff is an escrow service that ensures safe transactions between two parties. The service benefits both buyers and sellers, and we only use secured accounts with Banking Circle, where the funds are held until the transaction is fully completed.
Here’s an example of how PayProff works:
1. You want to buy a used MacBook Pro listed on DBA for 4,000 DKK
2. You contact the seller, and you agree to use PayProff to secure the transaction
3. You create a PayProff account and send an invitation to the seller, who also signs up and accepts your invitation
4. You transfer the money to a secured PayProff account
5. The seller ships the item, and once you receive it, we release the funds to the seller
As a seller, you want serious inquiries, and with PayProff, you know the buyer has the money and is ready to pay for the item. This makes it easier and more reliable for you to sell.
You simply ship the item, and then you receive the payment.
PayProff is your safeguard against fraud as a buyer. Unfortunately, many people pay for items they never receive or that arrive in worse condition than expected.
With PayProff, we hold the money until you choose to release it. This means you can be sure you’re not paying for something you don’t receive or that isn’t as agreed. PayProff gives you peace of mind when buying.
The term “escrow service” might sound unfamiliar, but it’s actually simple.
An escrow service is a company that acts as a trusted middleman in a transaction. At PayProff, we provide escrow services to both private individuals and businesses in Denmark.
There are several advantages to using an escrow service that benefit both buyers and sellers. It offers peace of mind to both parties and acts as their safety net. Should anything go wrong, the funds are safely held in PayProff’s secured account.
An escrow service ensures everything is handled properly. It’s the seller’s guarantee that the buyer has the funds, and the buyer’s guarantee of receiving the item in the agreed condition.
At PayProff, we offer escrow services to both individuals and businesses. While escrow can be beneficial for all kinds of transactions, it’s especially important for larger deals to have a neutral third party that ensures everything goes by the book.
That’s why PayProff is ideal for large purchases such as:
• Buying a car
• Rental deposits
• Purchasing expensive branded goods
• Buying boats, bicycles, or motorcycles
• Buying computers, phones, and tablets
These transactions often involve large sums of money, and it can feel risky to send a significant amount to someone you don’t know. By using an escrow service, you’re guaranteed not to lose your money – and the seller is guaranteed that you have it.
