Creating a broker transaction using Vesicash Escrow.
4 min read
Intermediary, facilitator, middle-man, broker, etc are some words used to describe the role of an individual or agency who helps a seller, trade successfully with a buyer. Many are involved in the process either professionally or not, i.e you assist a seller in getting a buyer for his/her product/service or vice versa and you get a certain amount from the trade either as a commission in percentage or a fixed fee.
According to Wikipedia
A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal.
As a broker, there are certain concerns that constantly bother you, one which is about being shortchanged or sidelined by the transacting parties and the other, getting an unsatisfactory complaint from one party or both after the trade is completed. Well, if you've been bothered about this for a while then, I bring to you CALVARY. Just chill, it's nothing spiritual- there is an innovative company called Vesicash that efficiently addresses this challenge.
Vesicash provides payment security for businesses and individuals across Africa. For peace of mind when buying and selling from someone you don't know, Vesicash provides:
- An enabling environment for a fraud-free transaction process. - Control equally distributed between transacting parties - The fully transparent transaction process
Vesicash Broker, provides the easiest, safest, and most trusted way to broker all of your deals with your clients. With Vesicash Broker Feature, all parties involved, the Buyer, the Seller, and you the Broker are all guaranteed of getting their ends of the deals according to the terms of the agreement. Simply put, a transaction is only completed when all parties have acknowledged being satisfied. As a broker, your percentage or fixed fee is automatically sent to you when the deal is completed. The good thing is within a few easy steps you can set up a broker Transaction with Vesicash. Let's get into it.
Visit Vesicash to create an account, proceed to verify your email address and log in to your dashboard. The next step is to click on "Create Transaction" and choose the Broker option.
Now proceed to enter the details of the transaction, inputting the contact details of the buyer and also that of the seller, as well state the amount of the transaction and your commission which is either a fixed fee or a percentage-based transaction. You have to then choose who is paying the Fee(your commission) as well the Escrow charge(which is an amount charged by Vesicash, to ensure a guaranteed and secured transaction)
A quick tip: Want to know which is better between choosing a fixed fee or a percentage-based commission? Well, the answer is, whichever brings the highest return. So back to our task. All the information filled will be used to facilitate the deal brokerage, so do well to enter the correct details. Once done review the details and send. The records will also serve as evidence, for future reference to the deal.
Once the above listed are steps are concluded, both parties get an official mail from Vesicash to Acknowledge the deal(that's why you have to enter the correct information when creating the broker transaction), upon the acknowledgment by the two parties, the buyer/payer is prompted to pay, after a successful payment by the buyer, then both parties then have to give the verdict if they received a satisfactory value according to the agreement. After all of this is checked out, you automatically receive your commission without any hassle.
You have the information, now it's left to you to proceed and take the necessary steps to ensure of all your brokerages are well secured and your commission isn't tampered with. Hope this article was helpful to you. If you have any questions, suggestions, or feedback you can send a mail to firstname.lastname@example.org or email@example.com. You can also drop a comment below or call our Customer Care Line (08066589385).
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Thank you for reading.