Verinet Escrow App Launched, end of the road for online scammers

NAIROBI, Kenya - July 2, 2019 - PRLog -- Days of online cheats are numbered as a local company Verinet Ventures announces the launch of a simple App designed to protect online buyers and sellers alike.  Speaking during the product launch ceremony in a city hotel, the CEO of VeriNet Ventures Mr. Waganagwa assured Kenyans that the App has gone through enough integrity, capacity and functionality tests for the last 6 months ahead of the official launch. "Verinet Escrow App has taken online buying and selling in Kenya to a whole new level. Buyers can now use Verinet Escrow to pay for products or services without the fear of non- delivery or non-conformity to the agreed specifications, standards or scope. This easy to use App operates on the principle of escrow where the buyer sends funds onto the Verinet Escrow platform for a temporary hold before release to the seller upon a successful delivery of the agreed product or service", Mr. Waganagwa said in his opening remarks.

Verinet Escrow, currently available for Android, is a light application (2.3 MB), user-friendly  yet  very versatile  and secure. In a nut shell, this is how it works:

1.      Buyer and seller agree on terms

2.      Buyer sends funds in favor of seller onto Verinet Escrow App

3.      Seller ships the merchandise or delivers the agreed service

4.      Buyer inspects & approves goods or service

5.      Verinet Escrow releases money to the seller

All the above processes are seamlessly integrated with payment service providers that users will not have to be transferred to any other platform besides the payment access credentials.

Asked how prepared Verinet Escrow App is to deal with disputes, this is what Mr. Waganagwa had to say; 'Verinet Escrow is a well thought out app with an inbuilt dispute handling mechanism. Disputes are mostly related to non-delivery within the agreed time frame or non-conformity to the agreed product specifications, standards or scope of task. The App allows the buyer and seller the opportunity to present their respective cases to the arbitration team at Verinet Escrow.The Arbitration Team will rely on the evidence presented on the platform to make the final determination.

Currently the application features M-pesa as the mode of payment. Plans are underway to accommodate additional payment methods. In the meantime, say goodbye to the anxiety associated with online payments to unknown merchants by installing this Verinet Escrow  App today. Here is the download link: https://play.google.com/store/apps/details?id=com.verinet.escrow.