Mobillcash guarantees the payment to the merchant upon transaction completion.
Within the Mobillcash billing system lies a proprietary delivery receipting process that provides the network operator, Mobillcash and the merchant with immediate global cross platform / network delivery notification of verification from and charge to the consumer.
Merchant Settlement
Due to the nature on m-commerce billing, monies must be collected in three stages.
Stage 1. Consumer received bill from network carrier at end of month in which transaction takes place (carrier collects money)
Stage 2. Network carrier generates Mobillcash revenue statement and processes payment.(average 30 days after stage 1)
Stage 3. Mobillcash receives payment from network carriers 30 days after stage 2 and settles immediately with merchant.
Settlement to our merchants is made by bank to bank wire transfer.
