NTP is a system that integrates payment and shipment of goods. When all the pieces are in place, NTP will handle shipping, placing funds in escrow, making credit card and electronic transfer transactions and returning merchandise all in one spot. The system will be available as whole or in pieces, as the user needs. This service allows users to register, enter the information about their package, select a shipping option, insure the package and pay for delivery with a credit card or electronic transfer. A driver will show up at the user's doorstep or any other address with a preprinted label and pick up the shipment.
Users can log back on to the Web site to track their package.
Federal Express is the preferred carrier for SelfShip, and it is the only one integrated into the system at the moment. Simmons said that Nescrow will add other shipping companies in the future to allow users even more shipping options. During that period, 22.3 percent of the Internet fraud reported to them came from non-deliverable merchandise and 64.1 percent came from auction fraud. Nescrow's PayNShip automatically puts the buyer's payment in escrow, or a system that allows a third party to hold payment or goods until the fulfillment of a deal, until the sale is complete and both parties are happy. Buyers purchase items on online auctions or from classified ads that either don't live up to their promises or just don't arrive.