Secure transaction: OLX launches a service for safe purchasing and sales

Service ads OLX launches new service to Secure transaction. Now for the 8 million Ukrainians who monthly visit the service, purchase and sale by credit card will be fully protected. The service is implemented thanks to the cooperation with the company “Nova Posta” and UAPAY.

Safe deal makes buying and selling as safe as possible: ordering, transfer money from card to card and shipping now occur in a protected environment.

When purchasing the product users, as before, can transfer money to the card seller, but with Safe money transaction appears on the account of the seller only after the buyer confirms that the package was successfully delivered to the Department of “Nova poshta”, and the product suits it. If the product does not suit the recipient, the money back on his card, and the goods will be sent back to the seller.

Secure transaction eliminates the risk of fraud when using Bank cards for payment. First, the buyer has no risk of losing money when transferring prepayments unscrupulous sellers. Second, users do not need to communicate Bank cards: this information is entered online and protected financial partner OLX company UAPAY.

“We recommended our users to conduct transactions in person, but not always the right product there is in this city. In addition, the market is developing: with the logistic companies and financial instruments, it is possible to obtain the goods from another city the next day and pay for it by transferring money to seller, – says Sergey gapochenko, Director of OLX in Ukraine and Central Asia. Of course, it is very convenient and fast, but there is a risk of fraud. To completely eliminate this risk, we run a Safe transaction and provide a secure environment to make payments from card to card”.

How does the Secure transaction

  • The seller activates the service Secure transaction when submitting ads. It specifies the information for delivery (weight of the goods, the Department of the “Nova poshta” how to send a parcel) and enters their card details, which will receive money for orders. Offer is indicated by the special icon for “Secure transaction” in the ad, there is a button “Buy”. The system remembers the data and in the preparation of the following ad information will be filled in automatically.
  • The buyer chooses a product and places an order by clicking on the “Buy” button. In this case the buyer must fill in the delivery data (the branch of the “Nova poshta”, where he plans to pick up the package), and Bank card, how will the money be transferred. For money transfer the buyer does not need to know Bank card details of the seller. The system memorizes the data and on your next purchase information will be filled in automatically.
  • At the time of ordering money from the buyer’s credit card is blocked on the transit account Bank financial partner UAPAY. From the customer card to withdraw money for shipping fee and financial partner (0.3% of the value of the goods + 3 UAH).
  • The seller receives notification of a new order. He has 2 days to confirm the order and 3 days to send the parcel
  • The buyer receives the parcel at the specified office of “Nova poshta” and inspects the goods. If the product is suitable, the buyer confirms the transaction, and the money is instantly transferred to the card seller.

If the seller has rejected the deal

  • The seller can reject the deal. This buyer will receive email notification.
  • The money for shipping and cost of item will be returned to the buyer’s card.

If the goods have not approached the buyer

  • In the Department of “Nova poshta”, the buyer reports that the item doesn’t suit him. The money is instantly returned to the buyer’s card
  • The item is shipped back to the seller. The return shipping is paid by the seller. As compensation OLX charges such seller 30 UAH to the bonus account profile OLX.

More information about Safe transaction