Jonathan McFarlane

YataPay Secure

YataPay Secure is a Digital Escrow Platform which enables businesses to unlock their growth potential in international markets. By using escrow facilities to take payments, businesses can mitigate risk whilst circumnavigating the expense of trade credit insurance and the complications of setting up letters of credit with trade partners. How The Platform Works Importers pay up front into a YataPay Secure deposit box, where funds are ring-fenced until pre-agreed conditions for release have been met. This may be delivery of goods or services or presentation of documents such a Bill of Lading, Commercial Invoice or Certificate of Inspection. Safer Transactions YataPay Secure is a platform for safer transactions, reducing the risk of fraud and ensuring that both the buyer and the seller are protected. This is particularly important when exporting to emerging markets, where the risk of fraud and financial crime is often higher. Increased Trust Yatapay Secure can increase trust between buyers and sellers, as both parties can have confidence that the transaction will be executed in a secure and transparent manner. This can help to build long-term business relationships and facilitate repeat business. A Reliable Alternative To Letters Of Credit When exporting goods, Letters of Credit are complicated to set up and can cause friction when exporting with a 56% discrepancy rate for first time users. Using YataPay Secure allows parties to trade safely by setting payment release conditions in line with their own needs and without the complicated red tape involved with Letters of Credit. Digital Escrow is particularly useful for companies exporting to Emerging and Frontier Markets, reducing risk associated with volatile local currencies and low Dollar, GBP and Euro reserves.