About Us

Who is OrientPay?

OrientPay is formed of passionate payment professionals with decades of experience in payment services. Using the knowledge we have gained over the years, we can guide you through the many payment solutions available today. From traditional methods such as credit transfers, through to Electronic Money and more recent innovations in fintech, we can explore the options and implement the best payment solution for your business.

Electronic Money

What is Electronic Money?

Electronic money is a term used to describe stored money, which is converted into an electronic format. This electronic format can then be accepted as a means of payment by other parties (such as your suppliers).

What is the OrientPay Electronic Money Account?

OrientPay will provide you with an Electronic Money Account, into which you can deposit funds and then convert those funds into electronic format – EMoney. You can then use the EMoney to pay suppliers (who also hold EMoney accounts) in a quick and efficient manner. In addition to this, you can also receive funds into your account (from either your customers or suppliers of your own) which you can then convert into EMoney to make further payments.

The OrientPay Electronic Money Account places itself at the heat of the supply chain, allowing for a quick and efficient means of processing payments between each party and thereby creating a more efficient supply and demand process.

Escrow

What is Escrow?

Escrow is a financial arrangement in which a third party payment service provider holds and regulates payment of funds or assets on behalf of two parties involved in a transaction. The primary purpose of escrow is to provide a secure and neutral way to facilitate transactions between parties who may not fully trust each other or want to mitigate risks associated with the transaction.

Escrow is commonly used in various types of transactions, including real estate deals, business acquisitions, online transactions, and large purchases. It offers a level of security and confidence for both buyers and sellers, as the payment service provider acts as an unbiased intermediary and ensures that the transaction proceeds smoothly and fairly.

However, it’s essential to choose a reputable and reliable provider, who has the necessary regulatory permissions and who is experienced enough to ensure the process is carried out effectively and safely.

As an Authorised EMoney Institution, OrientPay has the necessary permissions and experience to meet your Escrow needs.

What is the OrientPay Escrow service?

Using its EMoney Account service, OrientPay can provide accounts for both parties to a transaction with the aim of expediting an efficient process.

As soon as both parties to a transaction agree terms, they deposit the funds or assets involved in the transaction into the EMoney Account, which is managed by OrientPay.

OrientPay then verifies the funds/assets and ensures that they are legitimate and available for the transaction.

Once all the conditions of the transaction are met, OrientPay disburses the funds or assets to the appropriate party, as stipulated in the agreement.

Get in touch

OrientPay, Milton Hall, Ely Road, Cambridge, CB24 6WZ
+44 (0) 1223 82 82 67
sales@orientpay.tech