Protect caution fees/deposits so tenants, landlords, buyers, sellers, freelancers, and businesses can transact with confidence.
Confidence in every transaction
You are buying a phone.
Seller:
“Everything is working perfectly.”
You:
“Can I test it?”
Seller:
“Why? Don't you trust me?” 😂
Would you test the phone anyway?
“Bro, trust me.”
Four words that can either save you from overthinking...
or become the beginning of a very long story. 😂
What's one transaction where someone told you “trust me” and you still hesitated?
POV:
Your friend recommends a vendor.
You think:
“Since it's my friend's person, I'm safe.”
Then you pay and the vendor starts moving like NEPA. 😭
Has a referral ever gone wrong for you?
You finally get paid.
Then one person says:
“Please, I need to borrow ₦5k. I’ll send it back tomorrow.”
Tomorrow:
“Abeg, remind me.”
😂
Nigerian adulthood comes with a lot of “I’ll send it tomorrow.” 😂
What is the funniest excuse someone has given you for owing you money?
Send your account number.”
You send it.
“Send it again.”
You send it.
“What's your name on the account?”
At this point, you already know this money is not coming today. 😂
What is the longest you've waited after someone said, “I'm sending it now”?
Basically, ShieldDeposit helps put a layer of protection around transactions like this. The idea is that the buyer and seller don't have to rely on “trust me” alone. There’s a structured process around the payment if things don't go as agreed.
Would that make you more comfortable paying upfront?
You see something online for ₦80k.
You ask:
“Is it available?”
“Yes.”
You ask:
“Can I pay on delivery?”
Suddenly:
“Someone else is interested.” 👀
Would that make you pay immediately or walk away?
Vendor: “Payment confirms your order.”
You pay.
Vendor: “Thank you.”
You: “When will it be delivered?”
Vendor: “Soon.”
That word “soon” has stressed Nigerians for years. 😂
What does “soon” mean in Nigeria?
Today, tomorrow or next week? 😂
You pay for a service.
The person says:
“I'll start tomorrow.”
Tomorrow:
“Network issue.”
Next day:
“I'm not feeling too well.”
Third day:
“I'm on my way.”
At some point, you just want your money back. 😭
What is the longest you've waited for a paid service to actually start?
“Please send me ₦10k. I’ll refund you before evening.”
You: “Okay.”
Evening comes.
No refund.
Next morning:
“Good morning.”
No mention of the ₦10k. 😂
Some debts need reminders before they remember themselves. 😂
₦500,000 order.
₦700,000 service.
₦1,000,000 purchase.
Different amounts. Same question:
What protects you if the other side doesn't do what you agreed?
1.3m laptop.
₦500k service.
₦700k product order.
Different transactions.
Same question:
What if I pay and the other side doesn't deliver?
Trust matters.
But what happens when trust isn't enough?
That's the problem ShieldDeposit is trying to solve.
What's the biggest amount you've ever paid upfront?