Project image
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$3,208
pledged of $25,000pledged of $25,000 goal
14
backers
10days to go

All or nothing. This project will only be funded if it reaches its goal by Mon, July 29 2019 10:54 PM UTC +00:00.

$3,208
pledged of $25,000pledged of $25,000 goal
14
backers
10days to go

All or nothing. This project will only be funded if it reaches its goal by Mon, July 29 2019 10:54 PM UTC +00:00.

About

Story


Founder
Founder

Mohammed Mansoor is a young entrepreneur who started his career at 14 years of age when he started working for his uncle at a retail store. Mohammed has executed few small business plans that helped him sustain himself and save some money. On October 2018. Mohammed decided to purchase a new car with all the money he had saved. He gathered most of his savings which totaled $15,000 to purchase the car he liked at a small used-car lot. Little did he know, he ran into a group of con-artists who scammed him out of his $15,000 and sold him a stolen car. Later, Mohammed discovered that these where a professional scammers that pulled off different scams on many people before they vanished. This experience has opened his eyes into a different world. Mohammed wasted no time, he immediately started doing his re-search about all different scams in most industries. Mohammad decided to put an end to these scams by creating an app that allows users to pay with escrow payments for online and in-person transactions. Few weeks later, he was successfully able to join a team of professional developers after pitching his idea of DepositApp.

"I wouldn't want anyone to experience what I have experienced. I look at things positively. It is true that I lost my money, but I was gifted with the best idea and I found the meaning of my life. I will do my best to help people preserve their hard-earning money by allowing them to hold their money in any transaction.' 

-Mohammed Mansoor


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What is DepositApp?

DepositApp is a mobile app that offers escrow payment services to reduce the risk of ongoing any fraudulent transaction.

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Our mission

We aim to protect you when you next decide to make any form of payment,
    whether it is a physical product, service or online purchase.

We want to create a safe community where there is no need for us to be
    skeptical about each other.

We want to make the escrow payment process to be simpler & accessible
    for everyone.


Use Cases

You can create a transaction with any user and individual for any purpose if both parties:

1. Download the app.

2. Agree to the same terms.

3. Can provide a proof of any violation.

Security

Why $25,000?

For such a big project, $25,000 seems to be low. But for us, It can do a lot. The $25,000 will be used for two main things: First, we will use it to expand our team by hiring and training more officers to better our user's experience. The rest of the money will be used for the development process of the app. Any additional funds will be used to spread awareness and educating consumers on how to protect themselves using this app. We are aiming to take this project to the next level and we want to work with some of the bigger brand names to make it more accessible for their customers. The more funds we get will help us expand faster and reach more people. The purpose of this campaign is also to receive feedback from our backers and work with them to make improvements.


How to back this project?

You can back this project by simply choosing one of the rewards. You will only be charged if the campaign meets or surpasses the funding goal. 

You can also back this project by providing your feedback and help us expand by sharing it with your loved ones.


Subscription Plan


DepositApp VS. Paypal

We offer three additional things:

1. Escrow options.

2. Online and in-person transactions(Paypal only allows online transactions).

3. Users can create their own terms.


Release date of the app

After creating the design and implementing functionalities, we are at the final steps of this development process which is testing. Then, we will submit to the app and play stores for approvals. The first version will be released within 1 month.



Shirt (Award)

Risks and challenges

RAISING AWARENESS our biggest challenge is reaching people and building trust. For an app like this, we need to reach as much people as we can. The app is projected to be commonly used in many ways. The real challenge is educating people about the use of this app and how it can change their lives. Once that is established, we move to the next phase which is credibility. It takes time and a lot of marketing efforts for any peer to peer payment company to build trust with the consumers. We are planning to accomplish that by partnering with marketing firms to help us deliver the right message.

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Support

  1. Make a pledge without a reward

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  2. Select this reward

    Pledge $12 or more About $12

    Private tutoring video

    You will receive a tutoring video that wont be released to the public. In the video, you will learn many tips to avoid most scams.

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  3. Select this reward

    Pledge $20 or more About $20

    DepositApp Shirt

    DepositApp shirt with Hashtag #Holdyourmoney
    At the end of the campaign, you will receive a survey to submit your shipping address and size.

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    Pledge $20 or more About $20

    1 Mo Advanced plan+Tutoring video

    -Access to all benefits of Advanced subscription plan for 1 month
    -A private tutoring video on how to avoid common scams.

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  5. Select this reward

    Pledge $35 or more About $35

    1 Mo Premium plan+Tutoring Video

    -Access to all benefits of Premium subscription plan for 1 month
    -A private tutoring video on how to avoid common scams.

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  6. Select this reward

    Pledge $55 or more About $55

    1 Mo Premium plan+Tutoring video+shirt

    -Access to all benefits of Premium subscription plan for 1 month
    -A private tutoring video on how to avoid common scams.
    -DepositApp shirt with the hashtag #Holdyourmoney

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    1 backer
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  7. Select this reward

    Pledge $110 or more About $110

    3 Mo Premium plan+Tutoring video+shirt

    -Access to all benefits of Premium subscription plan for 3 months.
    -A private tutoring video on how to avoid common scams.
    -DepositApp shirt with Hashtag #Holdyourmoney

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    4 backers
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  8. Select this reward

    Pledge $200 or more About $200

    6 Mo Premium plan+ video+shirt+credit

    -Access to all benefits of Premium subscription plan for 6 months.
    -A private tutoring video on how to avoid common scams.
    -DepositApp shirt with Hashtag #Holdyourmoney
    -Name recognition on website

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    3 backers
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  9. Select this reward

    Pledge $400 or more About $400

    12 Mo Premium plan+Video+Shirt+Credit

    -Access to all benefits of Premium subscription plan for 12 months.
    -A private tutoring video on how to avoid common scams.
    -DepositApp shirt with Hashtag #Holdyourmoney
    -Super backer name recognition on website

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    2 backers
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  10. Select this reward

    Pledge $800 or more About $800

    24 Mo Premium Plan+Video+Shirt+Credit

    -Access to all benefits of Premium subscription plan for 24 months.
    -A private tutoring video on how to avoid common scams.
    -DepositApp shirt with Hashtag #Holdyourmoney.
    -Royal backer name recognition on webstite

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    1 backer
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