PayMaya intros Verified Sellers for safer online shopping

PayMaya has announced its Verified Sellers program for safer transactions between buyers and sellers using the PayMaya app.

Under the program, legitimate and trustworthy sellers using the PayMaya wallet as the preferred mode of payment can get a special badge that marks them as PayMaya Verified Sellers.

TO get a special badge, PayMaya Verified Sellers will undergo another layer of screening to ensure that they are legitimate online businesses and are on good standing, on top of the standard registration and upgrade process for PayMaya app users.

For sellers, this badge from PayMaya is a stamp of approval – a way to let consumers know that they are legitimate and trustworthy businesses that have passed the financial institution’s rigorous background check.

Once verified, the badge will appear beside the seller’s name that customers can easily spot right before they transfer their payments in-app.

PayMaya sees that this feature will boost consumer trust for online transactions and will serve as an added security against online scammers, a pain point currently experienced by sellers and buyers alike.

PayMaya Verified Sellers will also be featured on PayMaya’s official social media page as well as in the Maya Mall in the app to help them reach more customers. This will also expand their monthly limit to PHP 1,000,000USD 17,040INR 1,444,600EUR 16,230CNY 124,100 to allow them to expand their businesses.

“Filipinos are naturally enterprising – we have seen accelerated growth in the number of online sellers who are utilizing our PayMaya consumer app amid the pandemic. Online sellers need all the support they can, and we are very excited to provide them with embedded features such as the first verified sellers mark for an e-wallet app. With PayMaya Verified Sellers, we aim to grow the number of online sellers and buyers as we promote trust within this ecosystem,” said Shailesh Baidwan, PayMaya President.

For interested businesses, they may begin the registration process by filling out the online form. The verification process may take around five business days.