Why Tazapay?
- Over 173 markets and 70+ localised payment methods
- 1.8% payment fees for non-card payments
- Enable buyer protection for high-value transactions
How does Tazapay checkout work?
Choose between allowing direct payments or escrow payments when handling transactions on your online shop.
Direct Payment (Ideal for High Volume, Low Value Purchases)
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Once your buyer confirms their order and chooses Tazapay checkout, they will be redirected to Tazapay’s checkout page where they can select between multiple payment methods ranging from:
- Bank transfer
- QR code
- Voucher payments
- Cards and more
Available payment methods depend on where they are located.
- Upon payment receipt, the seller can opt to choose between getting their payout in USD or with their local currency.
Escrow Payment (Ideal for High Value, Low Volume Purchases)
- The buyer and seller agree to the terms of trade, and the buyer first pays to the escrow account in an online checkout
- Once the payment is complete, the funds are received and secured in a bank account under the jurisdiction of MAS (Monetary Authority of Singapore).
- When the product is shipped or the services are rendered, the seller (or your platform) can provide a proof of fulfilment to Tazapay for verification
- As soon as Tazapay verifies the documents, the payment is released to the seller
Features
- Enable cost-effective localised payment methods to your buyers at more than 70 major markets
- Checkout paywall and payment methods are dynamically loaded based on buyer’s location
- Transparent and competitive FX rates displayed upfront for all payment methods during checkout
- Offer protection for high-value transactions with Tazapay’s escrow & give your buyers a peace of mind
How to Install Tazapay’s WooCommerce App?
Read our step-by-step guide on our FAQ, how do I install Tazapay’s WooCommerce Plugin.
