# Outdated Payment Systems

Processing a payment with Ethereum takes less than five minutes on average, with some payments going through as quickly as 15 seconds. Much faster than standard wire transfers, and much less of a hassle. No need for a 3rd Party Intermediary, as all transactions are Peer to Peer and are secure via blockchain. Ethereum is a public blockchain, meaning any user can verify transactions themselves through the block explorer.

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Our payment system utilizes Escrow contracts. When a group of people requests a flight, the Charter operator will return a quote for the customers to accept and pay. Customers then send the money to escrow. Once the escrow is funded with the required amount, the flight is booked. Once the flight is completed the funds are released to the charter.&#x20;

We understand some of our members will require different payment options. To cater to all members, we will still accept traditional fiat payments via Stripe as well.
