Bike Hub Pay isn’t just for couriered deals. It can also be used to facilitate in-person collection deals, providing a secure and cash-free way to complete a transaction.
While cash or direct EFT might be common for collection deals, Bike Hub Pay offers key benefits, including:
Secure Payment - Buyers can pay via Credit Card or EFT.
No Cash Risks - Avoid carrying large amounts of cash.
With Bike Hub Pay, collection deals are simple and secure. Here’s how the process works:
1. Agreement: Buyer & Seller Confirm the Deal
The buyer submits an offer using the “Make an offer” button on the advert page.
2. Payment: Buyer Secures the Payment
Once the seller accepts the offer, the buyer makes a secure payment:
EFT: Paid to a dedicated Bike Hub account
Credit Card: Processed via Peach Payments.
Once payment is confirmed, Bike Hub notifies both parties to proceed with the collection.
3. Collection: Buyer Inspects & Accepts the Item
The buyer and seller arrange a meet-up.
The buyer inspects the item in person.
If satisfied, the buyer taps “Complete the Deal” on Bike Hub while still with the seller (before leaving with the goods).
4. Payout: Seller Receives Funds
Once the buyer confirms the deal, Bike Hub releases the payment to the seller. That’s it. Deal done!