MOL has developed MOL SafePay, an ‘escrow’ based secure payment solution in collaboration with eBay for their Malaysian marketplace, eBay.com.my. MOL SafePay is a Malaysian developed payment mechanism which facilitates person to person fund transfer securely on eBay.com.my, enabling safe online purchases and sales to be carried out. Funds that are transmitted between a Buyer and a Seller on eBay.com.my will be managed by MOL SafePay as part of the transaction process.
MOL SafePay will temporarily hold payment from the Buyer until the merchandise is delivered by the Seller. Upon successful delivery, MOL SafePay will release the payment to the Seller by crediting his/her MOL Freedom Prepaid MasterCard. The Seller may then withdraw cash using the MOL Freedom Prepaid MasterCard at any EON Bank or Cirrus ATM nationwide. In both instances, Buyers and Sellers are protected with the verification done by MOL SafePay.
This collaboration aims to promote a secure online trading environment where local users can buy and sell with peace of mind and enjoy the boundless opportunity that the eBay marketplace provides. For more information, please visit safepay.mol.com.
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