How does Yay protect my money from scammers?
Scammers typically strike by listing a desirable item at an attractive price, and will request upfront payments from interested buyers. Buyers not wanting to miss out on a great deal will then bank the money directly into the seller's account and will never receive the item. With Yay, buyers will no longer have to pay into the seller's account and payment will be made to Yay's instead. The payment is now secured, in trust, until the transaction has concluded and if a transaction is successful, Yay will release the payment to the seller, however if it turns out to be a scam, the payment will be refunded to the buyer.