Veosif Payment System: Secure and User-Centric

At Veosif, we prioritize your financial security and convenience. Our integrated payment system seamlessly synchronizes user interactions with administrative controls, ensuring the reliability of every transaction.

Control and Transparency

This means you can oversee every transaction directly on your website through a user-friendly interface. Furthermore, our interactive dashboard empowers users to select their preferred payment method, monitor their earnings, or effortlessly initiate withdrawal requests. Veosif puts you in charge of transaction security and user benefits.

Let’s explore this example to better understand the flow:

Buyer Places an Order: When a buyer successfully places an order, the money is sent through a payment gateway to the admin’s account. Over time, the order status transitions from “Pending” to “Active.” The virtual funds are updated in the seller’s credit account, signaling them to begin working on the order. Each transaction is recorded in the system for administrators to manage.

Seller Requests Withdrawal: Once a seller’s account reaches the predefined minimum payment threshold, they can submit a withdrawal request to the administrator. The administrator reviews the request and decides to manually release the payment to the seller either immediately or as per a monthly routine. Notifications are prominently displayed on the seller’s dashboard.

Dispute Resolution: In cases where a seller fails to complete an order on time or delivers subpar work, the buyer can file a dispute with the administrator. Conversely, if the seller believes they’ve performed well, but the buyer refuses to accept the work, the seller can also submit a dispute to the administrator.

The administrator is responsible for determining the outcome of each case and transferring funds to the winner’s credit account. Since sellers can only withdraw money for completed mJobs, you have full control over all dispute scenarios.

In addition to providing a payment system that facilitates smooth and secure transactions, Veosif also offers administrators multiple monetization methods:

  • Commission-Based: You can monetize by charging a commission on every transaction conducted on your marketplace.

  • Membership Packages: Create various membership packages for your users.

  • Featured Packages: You can charge sellers for showcasing their services. This feature will be included in an upcoming version of Veosif.