How the Custodian Payment Platform works - depozyt.com?
1. Conclusion of the Agreement
The parties to the transaction fill in a draft of the Agreement, in which they can specify in detail the terms and dates of the contract.
2. CREATE A SUB ACCOUNT
Parties to the transaction - the Buyer or the ordering party and the Seller or the service provider set up sub-accounts on the deposit platform, receiving an individual, unique customer code. Pages exchange codes outside the platform. The party that purchases or orders the service after the sub-account has been credited has the status of an active account and can send money. The Selling Party or the service provider - has a passive status of the account, i.e. it cannot withdraw the money sent by the Buyer until the contract is completed
3. MAKE THE TRANSFER
The buyer or recipient of the service, on the basis of the terms of the concluded Agreement, sends money to the sub-account of the Seller or the provider of the service.
4. Fulfill the contract
The Seller sees the money sent by the Buyer or the ordering party on his sub-account and has a passive status. This means that until the Agreement is completed in full, - the Seller, who orders the service, cannot have his funds at his disposal, i.e. he cannot transfer money from the deposit platform to his company account.
5. Check the goods or the performance of the service
After the delivery of the goods or the service, the buyer checks the quantity and quality or the correctness of the service. After fulfilling the provisions of the previously concluded Agreement, the Buyer gives an instruction to release the funds, which he confirms with a token on the deposit platform.
6. WITHDRAW THE FUNDS
The status on the Seller's sub-account changes to active, which means that he can freely dispose of the funds and transfer them to any account.
