[Announcement] The Settlement Structure of Wadiz That Differs from General E-commerce

Wadiz is Korea's No.1 trusted crowdfunding platform.

We are creating a world where anyone can challenge and establish a funding ecosystem where support and support are natural.
To this end, we are providing a transparent and safe platform environment so that makers and supporters can trust and use it conveniently.

Recently, concerns about the financial soundness of platform companies have been raised due to issues arising from e-commerce.
Wadiz shares what you've been curious about to address your concerns regarding the settlement payment, especially among e-commerce companies.

1. Wadiz offers sensational mountain services.

Wadiz operates a settlement system that is differentiated from ordinary e-commerce. In particular, we provide funds necessary for product manufacturing in advance through the 'pre-settlement service', which helps makers solve the initial lack of funds.
60-80% of the settlement amount will be paid in advance to the makers within 7 days of the project's completion, and all remaining settlements will be paid within 30 days from the date of shipment after the reward is provided.

Thanks to this structure, Wadiz maintains a stable settlement system with a very low risk of unpaid settlement payments to makers.

2. We are managing the settlement safely.

Wadiz is safely managing all settlements through contracts with external electronic payment agents (PGs).
We do not perform our own PG work, and we keep and manage the sales proceeds in a separate payment account through a reliable PG company.

These systems fundamentally block the makers' settlement money from being used for other purposes and ensure that the settlement money can be paid safely.

We will do our best to create a "world where anyone can challenge" with those who love Wadiz and support them.
We will continue to maintain transparency in all operations and fund management and strive to gain customer trust.

Thank you.