Dragonpay Corporation launched SureTayo, a person-to-person payment service that makes paying and receiving payments between individuals who do not know (or trust) each other safe and convenient.
Owned and operated by Dragonpay Corp., SureTayo performs the role of a trusted third party who will hold on to funds until both the buyer and seller are satisfied with their transaction.
An online merchant can sign up as a seller at www.suretayo.ph and after verifying their account, he will receive access to his online dashboard that allows him to issue an invoice to an interested customer.
Once a buyer receives the invoice, he can click the link and select his preferred payment method – and because SureTayo is powered by Dragonpay, the buyer now has access to over 15,000 physical partner locations, online banking and mobile payment channels.
These include options like online banking at most of the major local commercial banks, physical ATM payments, over-the-counter (OTC) cash payments at banks and retail establishments (supermarkets, groceries, department stores, courier centers, remittance centers), and electronic wallets or credits (Dragonpay Credits, Coins.ph, PayPal, GCash).
After payment has been made, SureTayo will safeguard the money while notifying the seller, who can now deliver the item. Once the item has been received by the buyer, he or she can notify SureTayo, who will now release the payment to the buyer.
“SureTayo was created to address the concerns of online buyers and sellers in the Philippine setting. A lot of shoppers here don’t have credit cards or even bank accounts, so how do you get them to shop online? How do you ease their worries that their money might go to a fraudulent seller? And for online retailers, how do you gain the trust of buyers? How do you make payment more convenient for potential customers?” said Robertson “Dick” Chiang, the founder and chief operating officer of Dragonpay. “SureTayo offers the answer to these questions as it allows sellers to offer all these payment channels to their buyers while at the same time, acting like a third party for transactions to ensure that money is only released once the buyer and seller are happy with the transaction.”
SureTayo’s dashboard also allows sellers to track orders and payments, helping to streamline their operations.
Registration for SureTayo is free, along with the transaction fee.