What is MidPay?
Significant number of online scams are observed every day
and hundreds of innocent people are affected by it. We conducted a survey in which there
were 78 people, out of which 50% of them were scammed online by fake social media sellers.
The seller pretended to be a shop owner and accepted the payment online but the user never
received the
service he paid for. In order to prevent these scams, our team has come up with a
solution by introducing a middleware between the seller and the customer, which accepts
the payment from the customer, but doesn’t transfer it directly to the seller unless the
services offered by him/her are fulfilled.
We present MidPay - a Modern Solution to Fair Trade as an
online portal built using
NodeJS, ReactJS, MongoDB and an algorithm to calculate the genuinity of a seller using
machine learning and Natural Language Processing (NLP) which will handle end-to-end
payments to solve this problem. The user and seller can interact with each other and the
users can purchase the products and services from a third party seller without worrying
about their payment as it will be safe with us till the user receives the goods and
services from the seller. Identification of a seller’s genuinity is a complicated task
and we aim to accomplish this by a KYC (Know your Customer) system through which the
seller can sign up on our portal using his valid government issued identity cards such
as Aadhar. Unlike e-commerce giants like Amazon, Flipkart etc. people don't usually
trust small businesses with money payment before delivery. If a middle payment gateway
exists which makes sure that neither people nor the retailer have to worry about false
credit practices, genuine small businesses will actually be promoted.
How it works?
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Why trust us?
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201
Sellers
10291
Customers
1907
Issues
943
Scams
We present MidPay - a Modern Solution to Fair Trade as an online portal which will handle end-to-end payments to solve this problem. The user and seller can interact with each other and the users can purchase the products and services from a third party seller without worrying about their payment as it will be safe with us till the user receives the goods and services from the seller. Identification of a seller’s genuinity is a complicated task and we aim to accomplish this by a KYC (Know your Customer) system through which the seller can sign up on our portal using his valid government issued identity cards such as Aadhar. Unlike e-commerce giants like Amazon, Flipkart etc. people don't usually trust small businesses with money payment before delivery. If a middle payment gateway exists which makes sure that neither people nor the retailer have to worry about false credit practices, genuine small businesses will actually be promoted.