Mobile payments are alternative payment processing solutions that enable customers to pay for goods or services through the use of a phone-based device. Mobile payments are effective methods for enabling consumers to make instant purchases in a fast and efficient manner.
Mobile payments for goods and services are advanced payment solutions that are becoming increasingly popular worldwide. Mobile payments can be used in a number of ways, including SMS based transactional payments, where the customer will approve a transaction through sending a text message to a specific number to confirm a payment.
Other mobile payment solutions include direct mobile billing, where a consumer uses their mobile phone as a billing option at the checkout of an e-commerce site. In order to make the purchase, the consumers’ mobile phone account will be charged. This type of payment methods is quick, safe and convenient, as the customer is not required to input their personal banking information into a payment terminal.
Advanced mobile payment solutions also extend to mobile phone scanning terminals. Using a mobile phone, customers can scan product bar codes, which will process the transaction immediately and authorize the payment. Upon processing the payment, the money will either be added to your mobile phone bill or charged from your pay-as-you-go credit.
Other mobile payment solutions include online wallets, whereby a user will input their phone number and other information during the initial payment of goods. From here, they are sent a unique PIN number by SMS, which can be used to make subsequent payments.
Further mobile payment solutions also include WAP technology to make instant payments. When users are connected to the internet, they can make payments by accessing a particular website or mobile phone application that either charges them through a mobile network operator, or through pre-registration at an online payment solution such as PayPal. These payment processing solutions offers customers a quick and easy way to make payments, at an affordable cost. Mobile payments offer an alternative payment solution that allows people to deal with their financial needs in a timely and convenient way.
Our consultants have a wealth of experience in all areas of payment solutions. We will be on hand to assist you with opening a bank account and a merchant account so that you can process and accept mobile payments. Our team of dedicated professional consultants are on hand to guide you through every stage of obtaining your required mobile payment solution, and will advise you on how to implement the processing facility in a professional and timely manner.
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