How It Works

PistolPay is unlike any other online payment system that you have ever used.
How so? Simple.

Our platform does not assume that buyer and seller are face-to-face, exchanging cash for
goods that have already been inspected - like common payment platforms do.

The PistolPay difference: We protect the Buyer by safely and securely taking payment from a
buyer's checking account or credit card, so that Buyers don't have to release personal
information to a Seller. We protect Sellers by verifying the receipt of the funds before
notifying the Seller that the transaction has been funded. That way, Sellers can rest assured
that when they ship an item, the funds have actually been transferred from the Buyer and are
ready to be deposited. Finally, we hold the transaction funds until the Buyer has a chance to
inspect and verify the purchase has arrived in the as-described condition, quality, and
quantity.

Convinced yet? Keep reading to find out more about how we have leveled the purchasing
playing field with the PistolPay platform.

Step 1: Initiate a Transaction

Both Buyers and Sellers must first register as a PistolPay user. Registration is simple, free, and
takes only minutes. Once registered, a user can act as a Buyer or a Seller without having to
create a different account.

To initiate a transaction, a Buyer or Seller logs into their PistolPay account and enters the
email address of the party on the other side of the transaction. To send or receive money to
the other party, the other party must also register as a PistolPay member. If the other party is
not already a registered member, just give us their email and we will send them a personal
invitation to join our community. PistolPay keeps a database of users with user names or
email addresses to expedite transactions.

What makes us different than the other payment platforms is that all transactions are
delivered through a third party intermediary, namely a local ‘dealer.’ The buyer in a
transaction will have the opportunity to search our database of dealers who can help with
your transaction. The Dealer will receive the purchase, even if you are out of town. This
means valuable items will never sit in the rain, on your doorstep, be received by a neighbour
that you may or may not know, or risk being sent back because you are not home to receive
the delivery. If your local Dealer is not already a participating PistolPay Dealer, just ask them
to register through our quick and simple dealer registration form. Participation is 100% free
for them too!

Step 2: Shipment

Immediately after a transaction has been initiated and the Buyer has sent payment to
PISTOLPAY through their credit card or checking account, we will notify the Seller by email
that the transaction has funded and that it is safe to send the item that was purchased. We
ask that the Seller ship the item as soon as possible through FedEx or UPS, fully-insured, and
provide a tracking number. Once shipped, the tracking number for the shipment is entered
into our system and provided to both parties. Both the Buyer and Seller can track the
shipment through our website all the way to the Dealer. Use two-day shipping instead of
overnight because the item can get there before we have the funds in our account.

Step 3: Receipt, Inspection and Verification
Once the shipment of goods has been safely delivered to the Buyers local Dealer, the Buyer
can make arrangements for pickup of the purchased item. The Buyer will have the chance to
inspect the item in the presence of the Dealer before delivery. If the purchase is delivered in
satisfactory condition, the Buyer must take delivery. On the rare occasion where the delivered
goods are not received in the condition, quality, or quantity that was expected, the Buyer
retains the right to decline delivery of the item.
Step 4: Transaction Completion
Upon successful delivery of the item, the Dealer will enter into the PistolPay system that the
item has been delivered to the Buyer, then the buyer will decide to have the dealer release
the funds or the buyer will do it at his own computer, less our fee, via an ACH direct deposit to
the Sellers bank account. Likewise, at any time during the transaction, the Buyer can choose
to immediately release their funds to the Seller through completing the transaction in the
Buyers dashboard. However, if the Buyer chooses to decline the item for any reason, the
Dealer will return the item to the Seller, and we will release the Buyer's funds back to the
Buyer, less our fees and actual return shipping and handling charges, which were incurred by
the Dealer.
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