Limbo was born out of seeing a need for a low cost solution to preventing fraud and scams when transacting online through currently unregulated platforms such as Facebook Buy and Sell pages and Marketplace.
Most New Zealanders have been frauded or know someone who has. We believe that Facebook provides a great space for selling things online outside of the fraud issues.. So we set track to find a solution!
Similar services (which are called escrow services), are usually either focused on International or high value transactions, which generally means higher risk, legal complications and fees. So we looked to create a service that was focused on low value transactions (Under $10,000) and only for use in New Zealand to keep the operating costs down.
It all started with a bright idea and then a simple phone call to the team at Deepsouth Technology on what happened to be the day it was announced we were going into the first lockdown in 2021. Limbo was originally a very basic idea that has now grown to be a comprehensive solution including payment processing, ID verification and courier integration.
Limbo is based just north of Wellington, with the development team based in Dunedin.
The saying goes, “when buying things online, don’t give the seller the funds until you have the item in your hands”, and that idea is exactly what Limbo was built from.
We would like to thank you for checking out and/or using our service. Because our fees are so low, we built Limbo with a community spirit in mind to make it affordable for everyone. Which means instead of covering costs from just a few users paying more, we rely on support from the New Zealand whānau as a whole to keep Limbo innovating, progressing and expanding, so we thank you for your support.
Financial Compliance Advisor
Limbo is proud to partner with NZ Couriers for package pick up, tracking and delivery nationwide. Watch the video below to see how it works.