SeenPay, seen it then pay it
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SeenPay is a third-party online payment system developed by an executive team to address problems with e-commerce and consumer-to-consumer transactions in Asia. It aims to provide a secure payment solution for online marketplaces and private sellers across Asia by holding funds in escrow until buyers have inspected items and release payments to sellers. SeenPay's features are designed to protect both buyers and sellers by allowing inspection of items, quality checks, and dispute resolution, while establishing trust in online transactions through profile and review systems. The startup sees significant potential to expand in Southeast Asia's large e-commerce market as online and mobile purchasing increases in the region.
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- 7. SeenPays Mission 1. To be the most secured payment solution in Asia for online shopping or trading regardless where the buyer or the Seller is located. 2. Promoting the sales for used items , and to help new and emerging Sellers to establish a trustable brand image. 3. SeenPay evolves the way people trade by providing purchasing confidence over a more Secured User Friendly platform. SeenPay, Seen it then pay.
- 8. SeenPay RELEASE $ to Seller Hold - Check - Release/Return System SeenPay HOLD $ from Buyer Buyer or SeenPay CHECK the item SeenPay RETURN $ to Buyer when Seller receives item back if U.S Patent, Huy Le
- 9. Buyer How does SeenPay work ? SeenPay Account Linked from Marketplace SeenPay Buyer send money to SeenPay SeenPay receive money and notify seller to ship the item to Buyer. SeenPay still hold the money Seller SeenPay Buyer SeenPay SeenPay Seller $ Buyer Buyer receive the item and check to see if it is satisfied or not We have our Special Policy which protect the Seller & Item Seller Buyer $ Buyer SeenPay Satisfied Unsatisfied Buyer is satisfied: Login to SeenPay account on Mobile/Web to inform SeenPay, then we will release money to Seller Buyer is unsatisfied: Login to SeenPay account on Mobile/Web to inform SeenPay, then ship item back to Seller. Seller receive and check the item, inform SeenPay on their account. SeenPay returns money to Buyer. Read first Money: Item: $ HOLD CHECK RELEASE/RETURN
- 10. Buyer Protection The money value of the product is placed in escrow with SeenPay. Meeting SeenPays Terms & Conditions, Buyer will get Full Refund. Money is placed back into Buyers account. Buyer acts as determinant for whether the Seller receives the money from SeenPay. (based on the quality and usability of the product) Preventing fraudulent scams or poor quality control by the seller.
- 11. Seller Protection Returned items are quality checked by SeenPay. Ensuring that it can be resold. Checked items are send back to Seller. Seller may lodge quality disputes. Buyer not meeting Terms and Conditions results in Seller gaining a percentage or the entire amount of money in escrow. Prevents misuse of products received by Buyer with the intent on returning.
- 12. SeenPay Features SeenPays policy to protect seller & buyer SeenPay Account is linked with your credit/debit card or bank account. SeenPay Account can be filled by SeenPay prepaid card Dual Accounts chat interface Customized payment policy between SeenPay Accounts SeenPay accounts profiles will have consumer reviews and star ratings.
- 13. Best payment solution for Asia Market Asian Consumers prefer to physically touch and see the item before proceeding to the transaction process. Seenpay establishes the concept of a brick and mortar store onto the online marketplace.
- 14. South East Asia Market (ASEAN) 205 million internet users, and counting.
- 15. Spotlight on Asias C2C & E-Commerce Market Largest Regional Market in 2 years since 2014. Asia E-Commerce Market Value (525.2 billion) > North America (482.6 billion) Nearly 42% internet users from whole of Asia. Asias goods purchasing via mobile device higher than 26% of Global average.
- 16. E-Commerce Potential in Asia
- 17. Indian Market (Long-term) Market Research Needed Potential Market Targets Vietnam Market (Launch 2017) Currently Researching ASEAN Countries Malaysia, Cambodia, Laos, .. etc. (Long-term) Market Research Needed
- 18. Name Occupation School Major Huy Le Undergrad student U of New Hampshire Finance & IT Jimmy Vo Tech Support Engineer EMC Corporation Hopkinton, MA Quan. H Undergrad student BHCC Graphic Design Cheryl Fong Undergrad student U of New Hampshire Computer Science Thien Quang Le Undergrad student U of New South Wales, AUS Information System Binh Duc Nguyen PWC associate U of New Hampshire, Alumni Finance Prof. Rob Tischer Economics Professor U of New Hampshire Projects advisor SeenPay Team