How does it work?
1. Buyer and Seller Agree to Terms of the Transaction
One of the parties to the transaction initiates a MedWOW SafeTrade process, which consists of the agreed price, contact details of the other party, description of the device and any additional terms and condition that were agreed upon during the negotiation stage.
Once submitted, both parties are invited to Transpact.com, to create an account. Additional negotiation on the transaction’s terms and conditions is possible through the Transpact platform.
2. Buyer Secures Transaction Funds at Transpact.com
The MedWOW SafeTrade transaction does not begin until all terms and conditions are accepted and the Buyer has submitted payment to Transpact.com, this is in order to guarantee that the entire agreed upon amount is accounted for, prior to the shipment of the equipment.
3. Seller Ships Merchandise
Upon payment verification, the Seller is given an email notification that the funds are secured, thus authorizing him to ship the merchandise according to the agreed terms.
4. Buyer Accepts the Merchandise
The Buyer approves Transpact.com to submit payment to the Seller.
5. The Seller is Paid
Transpact.com pays the Seller by wire transfer. The transaction is complete.