The service provides payment functionality based on an escrow system in which funds are held for distribution when terms of sale are completed, as when a product is delivered. It provides tools for stating and revising offer terms until both parties agree, then it accepts and holds payment until the party paying agrees to release the funds. The neutral third party helps to ensure agreement on terms and fulfillment of both delivery and payment, which encourages trust between parties unfamiliar to one another.
API methods support creating a "Transpact" agreement between contracting parties and confirming fulfillment to allow dispersal of funds or voiding an agreement previously created. Methods also support listing of a party's current and past agreements to allow risk assessment.
The following is a list of sample source code snippets that matched your search term. Source code snippets are chunks of source code that were found out on the Web that you can cut and paste into your own source code. Whereas most of the sample source code we've curated for our directory is for consuming APIs, we occasionally find something interesting on the API provider side of things. If you know of some sample source code that would be of interest to the ProgrammableWeb community, we'd like to know about it. Be sure to check our guidelines for making contributions to ProgrammableWeb.