Beseif is a web platform that facilitates secure transactions between individuals by utilizing an escrow payment system, ensuring funds are held until the buyer confirms receipt and satisfaction with the purchased item. The platform addresses the risk of fraud in peer-to-peer sales by providing a structured process for payment, shipping, and returns, enhancing trust for both buyers and sellers.
Funding
$690K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Individuals engaging in peer-to-peer sales through online marketplaces face the risk of fraud, including non-payment for sellers and receipt of unsatisfactory items for buyers. The lack of a secure transaction process creates distrust and uncertainty in these interactions.
Solution
Beseif is a web platform that facilitates secure transactions between individuals by providing an escrow payment system. Funds from the buyer are held in a secure deposit until the buyer confirms receipt and satisfaction with the purchased item. Beseif manages the payment, shipping, and return processes, offering protection for both buyers and sellers. Buyers have a 48-hour window to verify the product and can return it for free if it does not meet expectations. Sellers are assured of receiving payment and benefit from included shipping insurance.
Target Audience
Beseif primarily targets individuals buying and selling items through online marketplaces and classifieds platforms, such as Wallapop, Milanuncios, and Facebook Marketplace.
Features
- Secure escrow payment system to hold funds until the buyer is satisfied.
- Integrated shipping management with options for home pickup and delivery within 24-72 hours.
- 48-hour verification period for buyers to inspect and test the received item.
- Free return shipping if the item does not meet expectations.
- Shipping insurance to protect against damage or loss during transit.
- Email-based transaction initiation using buyer or seller email addresses.