Receiving payments of your sale through Safe-Pay system

What is Safe-Pay?

Safe-Pay is nothing but our way of securing buyers and sellers from possible frauds and other payment issues. As fraud occurrence has increased tremendously on internet, especially on online trading sites to buy and sell goods, where un-verified sellers take undue advantage of buyers’ trust of sending payment first without receiving the goods. All payments made by the buyer will be on hold, till the buyer has received the goods ordered from the seller. Safe-Pay ensures that a buyer’s hard earned money is secured with us till the seller delivers goods / items and buyer confirms it.

How it works?

Buy n Sell (India).com will receive all Online payments made by Net Banking / Debit Card / Credit card through our payment gateway or Offline payments through Cheque / DD in Buy n Sell (India).com bank account for purchase of items.

What is a Payment Gateway?

The service that automates the payment transaction between the shopper and merchant. It is usually a third-party service that is actually a system of computer processes that process, verify, and accept or decline credit card transactions on behalf of the merchant through secure Internet connections. The payment gateway is the infrastructure that allows a merchant to accept credit card and other forms of electronic payment.

Payment Methods

Online Payment: All online payments made by Net Banking / Debit Card / Credit card through our payment gateway will be routed to Buy n Sell (India).com and after buyers’ confirmation, payment will be credited to respective sellers account. Offline Payment: All Offline payments made through Cheque / DD will be routed to Buy n Sell (India).com’s bank account and after buyers’ confirmation, payment will be credited to respective sellers account as per Buy n Sell (India).com Payment Payout Policy.

Following Debit & Credit Cards are accepted as per our Safe-Pay policy

Debit Cards: Axis Bank Debit Cards, Corp Bank Debit Cards, Deutsche Bank Debit Cards, HDFC bank Debit Cards, ICICI Bank Debit Cards, Indian Overseas Bank Debit Cards, Karur Vysya Bank Debit Cards, State Bank of India Debit Cards. Credit Cards: Visa, Master Card, Diners Club.

Following online payments (Net Banking) are accepted as per our Safe-Pay policy

We currently support Axis Bank, Bank of India, Bank of Punjab, Bank of Rajasthan, Centurion bank, Citi Bank, Corporation Bank, Federal bank, HDFC Bank, ICICI Bank, IDBI Bank, Karnataka Bank, Kotak Bank, OBC Bank, Punjab National Bank, South Indian Bank, State Bank of India, Vijaya Bank, Yes Bank customers. Note: Cash Deposits are strictly not allowed for items purchased. Buy n Sell (India).com will not be responsible for any cash deposits made on our account. Transactions stands cancelled for payments made in cash for any items and seller of the respective item will not be liable to complete the transaction or ship the item.

International Buyers Payment policy

International buyers can purchase items on Buy n Sell (India).com through their PayPal account if a seller accepts PayPal payments. However, all international purchases are covered as per PayPal Buyer Complaint Policy. All payments for international purchases through PayPal will go directly to respective sellers PayPal account and covered as per PayPal Buyer Complaint Policy instead of Buy n Sell (India).com. For more details on PayPal Buyer Compliant Policy visit the links below. https://www.paypal.com/us/cgi-bin/helpweb?cmd=_help https://www1.paypal-virtualchat.com/

Benefits of receiving Safe-Pay payments

Simplicity and convenience: The payments will be transferred online and offline to the sellers' registered bank account with us, as soon as the buyer confirms receipt of the item. Buy n Sell (India).com will remit the amount to the seller twice a week. If a seller opts for receiving “Seller Payouts” through online transfer, payments will be transferred faster without the hassles of waiting for cheques or demand drafts. Remittance cycle for seller payouts: Buy n Sell (India).com has two remittance cycles for seller payouts, Tuesday and Friday. All items marked as “Item Received” by buyers between Tuesday to Friday will be remitted on following Tuesday. All items marked as “Item Received” by buyers between Saturday to Monday will be remitted on following Friday. See example below to understand this better, Ex: 1: If a buyer marks “ Item as received” on Friday , the payout for the respective item will be disbursed to the seller on the following Tuesday through Online Bank transfer to the seller’s bank account or through an account payee cheque sent to the seller’s registered address on seller’s name as entered in bank details section on “Account Details” page of the “My Account” area. For example, if a buyer marks “Item as received” on Friday i.e. 01-06-2010, the payment to the seller will be disbursed on following Tuesday i.e. 05-06-2010 Ex: 2: If a buyer marks “ Item as received” on Monday, the payout for the respective item will be disbursed to the seller on the following Friday through Online Bank transfer to the seller’s bank account or through an account payee cheque sent to the seller’s registered address on seller’s name as entered in bank details section on “Account Details” page of the “My Account” area. For example, if a buyer marks “Item as received” on Monday i.e. 04-06-2010, the payment to the seller will be disbursed on following Friday i.e. 08-06-2010.