‘I feel that there’s no effect’: Qoo10 vendors awaiting payments call for more action after MAS move

Quick Summary:

One vendor, who is waiting for Qoo10 to pay him almost S$100,000, expressed frustration at the continued lack of clarity about the platform's situation.

An escrow service is a way to facilitate secure transactions by having a third party hold the funds until certain obligations are met, such as when an item is received.

Mr Dave, who sells electronics and office equipment on Qoo10, expressed frustration at the lack of clarity about the situation.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: Payment Escrow Qoo10 Vendors Services Situation E-commerce Payments Platform Merchants Singapore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 13:04:46 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1053 words

Reading Time: 6 minutes read

Sentences: 50 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22745407

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 54 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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