NPS payment system - Insurance and assurance for buyers and sellers.
- By: "Farm Tender" News
- Farm Tender, DelayPay & Farm Inputs
- Mar 27, 2023
- 766 views
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Hi Farm Tender members
Are you worried about not getting paid? Or are you worried about getting scammed?
For those who buy and sell through Farm Tender, we have developed a "new payment system (NPS)" that takes a lot of the risk out of not getting paid or getting scammed.
We like to tag it "insurance and assurance" for both buyer and seller.
When we sell something, we all deserve to be paid once the asset has been transferred and both parties are happy.
And for buyers, you don't want to pick up or receive something that was ill-described. There are protection measures there, as we are still holding the funds.
And you pretty much don't have to lift a finger apart to alert us when things have been transferred or approved.
NPS is two years old now, so I guess it's not that new, but it works, and many of our customers love it.
How does it work?
- A buyer buys something from a seller on Farm Tender
- We then issue a sales contract which goes out for both parties to accept and sign digitally
- We then do up an invoice on behalf of the seller to the buyer and send it out
- The buyer then pays their funds into the Farm Tender Holding Account.
- Upon receipt of funds, both the Buyer and Seller are notified.
- The seller releases the goods
- The buyer alerts us that they are happy
- The seller receives the funds less the Farm Tender's commission
For more information, contact Emma Withers on 0411 560 458 or emmaw@farmtender.com.au
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