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8 Tips for Choosing the Right Payment Processing Gateway

8 Tips for Choosing the Right Payment Processing Gateway

Selection of the right payment processing gateway is crucial to the long-term business success of internet merchants. Key elements to consider when...

International Payment Processing the Easy Way

International Payment Processing the Easy Way

The world has become one big interconnected marketplace. International payment processing is a crucial element in capturing orders in today’s glo...

Global Payment Processing Boosts Revenues

Global Payment Processing Boosts Revenues

International ecommerce sites require global payment processing. But don’t assume that the payment methods used in one country are going to be th...

Offer Buyers the Right Payment Processing Option

Offer Buyers the Right Payment Processing Option

According to Javelin Strategy and Research, 30% of all online retail purchases will be purchased using alternative payment methods by 2013. Credit c...

International eCommerce Business Opportunities

International eCommerce Business Opportunities

By now, it’s an old story. The internet opened up the entire world to international ecommerce and created a single global marketplace. Yet, man...

Mobile Payments FAQ

  1. What types of merchants offer mobile payments?
  2. How much will it cost me to accept mobile payments?
  3. Will consumers pay more to buy by mobile?
  4. What increase in sales will merchants using mobile payments experience?
  5. What is m-commerce?
  6. How can the customer make a purchase without ID?
  7. What mobile phones does the system work with?
  8. Do you really only need a mobile phone to make a purchase?
  9. Why should my website offer mobile as a payment option?
  10. How can a customer pay with without a credit card or bank account?
  11. How is mobile billing more secure than a credit card?
  12. Can a customer use mobile payments with has a pre-paid phone service?

 

  1. What types of merchants offer mobile payments?
    Mobile payments are most effective for micropayments of digital content, downloads, and virtual goods. Social networks, online games, MMOG, music, video and online entertainment companies all benefit by adding mobile billing as a payment option.

  2. How much will it cost me to accept mobile payments?
    Most merchants pay nothing to accept mobile payments. There are no payment processing charges and no discount rates or transaction fees because merchants pass on mobile surcharges to the consumer.

  3. Will consumers pay more to buy by mobile?
    Yes. Mobile payments are used primarily for purchasing low ticket digital goods. Paying a little more for an inexpensive item does not make a difference to consumers who want the instant gratification of paying by mobile. For those with no credit cards or bank accounts, mobile may be the only choice of payment.

  4. What increase in sales will merchants using mobile payments experience?
    Merchants report increased sales immediately, with sales lifts of 10-15% the first month and further increases in each subsequent month.

  5. What is m-commerce?
    The “m” is for mobile. M-commerce is like e-commerce but using mobile phones.

  6. How can the customer make a purchase without ID?
    Unlike credit card merchant systems, the mobile system does not collect or link to any of the customers personal information to complete and authenticate the transaction.

  7. What mobile phones does the system work with?
    Any mobile phone user throughout our vast international network can make mobile payments.

  8. Do you really only need a mobile phone to make a purchase?
    Yes. The customer only needs his mobile phone. No personal or financial information is revealed so personal ID is protected in the best possible way.

  9. Why should my website offer mobile as a payment option?
    Mobile complements other payment options. By providing customers with a method of payment that does not require a credit card or bank card, and does not ask for financial information online merchants increase sales. Companies increase revenues by reaching customers without cards, or those who are not comfortable paying with cards online.

  10. How can a customer pay with without a credit card or bank account?

    When a customer uses our secure payment system they are agreeing to pay their mobile carrier for the transaction, and the mobile carrier will bill the customer. No personal information, bank account or credit cards are required to complete the transaction.

  11. How is mobile billing more secure than a credit card?
    There is no personal or financial identification connected to a mobile phone number for someone to steal. A credit card is directly connected to your credit, financial and personal ID files.

  12. Can a customer use mobile payments with has a pre-paid phone service?
    Yes, if the customer has enough pre-paid credit on the mobile phone.