About VeriPay

Our Mission

At VeriPay, our mission is simple: to make second-hand marketplace transactions safer and more secure for everyone. We believe that buying and selling used items should be a worry-free experience, without the risk of fraud, scams or disputes that often plague peer-to-peer transactions.

Founded in 2025, VeriPay was born out of our founder’s frustrating experience with a second-hand car part purchase that went wrong (this was after being scammed a number of times despite thinking he was savvy!). After losing money on an item that never arrived, he realized there had to be a better way to protect both buyers and sellers in the growing second-hand economy.

What We Do

VeriPay provides a secure payment service specifically designed for second-hand marketplace transactions under $1,000. Our platform acts as a trusted third party that:

  1. Holds the buyer’s payment securely until both parties confirm the transaction is complete
  2. Verifies the buyer has funds before the seller ships the item
  3. Verifies and tracks that the seller has shipped the item
  4. Offers fair dispute resolution if issues arise
  5. Releases funds promptly once all conditions are met

Our focus on transactions under $1,000 allows us to offer affordable rates while providing comprehensive protection for the types of everyday transactions that happen millions of times daily across online marketplaces.

Our Values

Trust

Trust is the foundation of everything we do. We’ve built our platform with transparency and security at its core, so both buyers and sellers can transact with confidence.

Simplicity

We believe security shouldn’t be complicated. Our streamlined process makes secure trade accessible to everyone, not just large businesses or high-value transactions.

Fairness

We serve both buyers and sellers equally, with a balanced approach to transaction protection and dispute resolution that ensures fair treatment for all parties.

Affordability

We keep our fees low because we believe transaction security should be accessible to everyone, not just those making expensive purchases. We charge just enough to cover our platform costs and a small amount on top.

Security & Trust

How We Protect Your Transactions

VeriPay employs bank-level security measures to protect your personal information and financial data:

  • 256-bit encryption for all data transmission
  • PCI DSS compliance for payment processing
  • Two-factor authentication for account access
  • Secure accounts held with regulated financial institutions
  • Regular security audits by independent third parties

Our Commitment to Privacy

We collect only the information necessary to facilitate your transactions and never sell your personal data to third parties. For more details, please review our Privacy Policy.

The Team

VeriPay was founded by Burhaan, a technologist and marketplace enthusiast who understand the challenges of peer-to-peer transactions.

His team brings together expertise in:

  • Financial technology and payment processing
  • Customer service and dispute resolution
  • Marketplace dynamics and user experience
  • Security and fraud prevention

We’re a small but dedicated team working to make the second-hand economy safer for everyone.

Join the Secure Transaction Movement

Every day, thousands of people lose money to fraudulent marketplace transactions. By choosing VeriPay for your next purchase or sale, you’re not just protecting yourself—you’re helping to create a safer standard for online transactions.

Ready to experience worry-free marketplace transactions? Start your first transaction today or contact us to learn more about how VeriPay can protect your next transaction.