the present invention provides a system and method for facilitating commercial transactions involving the exchange of monetary value for goods , services , or other value between remote individuals , as in the case of transactions between users of a distributed computer network such as the internet . remote individuals are provided with a convenient , cost - efficient , and secure means for engaging in commercial transactions with one another . the invention provides remote sellers with an irrevocable means of receiving funds from a remote purchaser ; means for improving purchaser willingness to transact with an unknown party ; transaction tracking ; and rapid funds availability . the invention also provides remote purchasers with means for making a secure , confidential transfer of funds ; means for immediate initiation of shipment by a seller ; means for releasing funds to a seller only after approval of the goods , services , or other value ; means for demonstrating proof of payment ; and means for having some level of recourse against a remote seller .