PayMaya introduces Verified Sellers for safer online shopping

PayMaya has launched its Verified Sellers program to ensure that buyers and sellers using the PayMaya app have a secure transaction.

Under the program, legitimate and trustworthy sellers who prefer to pay with the PayMaya wallet will receive a special badge designating them as PayMaya Verified Sellers.

PayMaya Verified Sellers will be subjected to an additional layer of screening to ensure that they are legitimate online businesses in good standing, in addition to the standard registration and upgrade process for PayMaya app users to receive a special badge.

This PayMaya badge serves as a seal of approval for sellers, indicating to customers that they are legitimate and trustworthy businesses that have passed the financial institution’s thorough background check.

Customers will see the badge next to the seller’s name before transferring their payments in-app once it has been verified.

PayMaya believes that this feature will increase consumer trust in online transactions and provide additional protection against online scammers, a problem that both sellers and buyers are currently experiencing.

To help them reach more customers, PayMaya Verified Sellers will be featured on PayMaya’s official social media page and the Maya Mall in the app. In addition, their monthly limit will be increased to PHP 1,000,000, allowing 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 seller’s 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.

Filling out the online form is the first step in the registration process for interested businesses. The verification process may take up to five business days.

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