Why do you need Mobillcash?
Breaking News - World's First in Mobile Payments >
Large Untapped Market
- More mobile phones than credit cards.
- 99.9% mobile penetration in some countries.
- Young adults have got a mobile phone, but not credit cards.
- Lots of people will not use credit cards online.
- Consumer does not need to have a bank account or credit card to make payment.
Cost To Merchant
- No setup cost.
- No transaction charges.
- 100% of product or service price paid to back to the merchant.
Merchant Benefits
- Zero risk.
- Guaranteed payment.
- <0.03% charge backs.
- Simple integration.
- Instant setup.
- Ability to sell to the 12 - 17 year old markets directly.
- More secure than a credit card billing platform.
- No collection of personal data (credit card numbers, etc.)
- No collection tasks.
- Customer pays all transaction charges.
Customer Benefits
- Security against fraud.
- No personal details entered online.
- Transparency of price and transaction charges.
- Up to 30 days interest free credit.
- Simple purchase process.
How It Works
- Customer simply enters their mobile phone number on the payment page.
- The customer is then presented with the total amount payable on screen, inclusive of transaction charges in their local currency.
- On proceeding, the customer is sent a message to their mobile phone confirming the amount that is to be charged to their phone bill or account.
- The customer simply replies to this message and the billing process is initiated.
Demo
Click here for a demo showing the payment process for a consumer when the system is configured to match the requested price (i.e. merchant absorbs transaction costs.)