Exchange of goods can be either "In person" or "Delivery".
1. In person
This is the simple exchange flow suitable for transactions done in person. Upon delivery of the Goods, the Buyer needs to "Accept" the goods and this will finalise the transaction, releasing the money to the Seller.
Delivery exchange flow is suitable for transactions done over distance or when time to inspect the item is required. Whether the exchange is in person or not is not important.
There are three inputs in this flow:
- Authentication/Inspection Allowance
- Transportation Estimate
- Delivery Address
Authentication/Inspection Allowance is the time the receiving party is allowed to inspect the Goods. The period can range from 1 day for a simple item to 10 days for something that needs to be properly authenticated (a vintage watch, for example).
Transportation Estimate is the estimated time it will take to deliver the Goods, from the time the Seller ships the goods to when the Buyer receives them. This is an estimate, to the best of Seller's knowledge, as sometimes external factors can impact the delivery.
Delivery Address is self explanatory.
NB: iPayd allows up to 10 days for the Seller to ship the goods to the Buyer, called Dispatch Period. If the Seller does not mark goods as Shipped within the Dispatch Period, the offer can either be automatically marked as shipped by iPayd or cancelled.