Product Features

Below is a Bulleted List of the Components that will make up the Pyrocart Product

Payment Integration on Blockchain:

• Integration with the blockchain for handling transactions.

• Mechanisms for users to link their digital wallets.

• Real-time conversion rates displayed for products priced in fiat currencies.

Escrow Account Management:

• Development of an escrow system that securely holds payments until transaction completion.

• Automated transfer of payment from the buyer to the escrow account upon order placement. Release of payment to the seller upon buyer's confirmation of product receipt and satisfaction.

Order Processing and Escrow Workflow:

• Transparent illustration of the order and escrow process for users.

• Status tracking and notifications for key transaction stages, such as fund transfer to escrow, order shipment, and delivery confirmation.

• Automation in updating order status and escrow account transitions.

Dispute Resolution System:

• A structured process for buyers to initiate disputes.

• Investigation and resolution protocols for disputes, potentially involving administrative intervention.

• Refund mechanisms for resolved disputes favoring the buyer.

Delivery Tracking Integration:

• Integration with logistics services for tracking deliveries.

• Functionality for buyers to confirm delivery, which triggers the release of funds to the seller.

Security Measures for Cryptocurrency Transactions:

• Enhanced security protocols for safeguarding transaction and user data.

• Anti-fraud systems specifically designed for cryptocurrency transactions.

Enhanced User Account Features:

• Detailed user profiles encompassing cryptocurrency transaction capabilities.

• Robust verification and vetting processes, particularly for sellers.

Administrative and Monitoring Tools:

• Backend systems for overseeing transactions, escrow accounts, and user activity.

• Reporting features for sales, disputes, and platform health.

User Experience and Interface Design:

• User-friendly design for easy navigation and understanding of the cryptocurrency and escrow processes.

• Educational resources and support for users new to cryptocurrency transactions.

Legal Compliance and Regulatory Adherence:

• Compliance with laws governing cryptocurrency, escrow services, and online marketplaces.

• Clear and comprehensive terms of service and user agreements.

Dedicated Customer Support:

• Support channels for transaction-related inquiries and platform usage.

Scalability and System Performance:

• Ensuring the platform can handle increased transaction volumes and user growth without performance issues.