Micro Payments solution is a general purpose purchasing module for low value transactions. Allowing your clients to pay directly from their own funds for services which traditionally held a moderate risk, such as credit card details over the telephone, affords them extremely low risk whilst increasing your organizations transactional revenue. The main kinds of transactions common with this solution include the following:
- Tickets booking
- Allows the customer to make a small deposit, below the preset amount on the micro payments account, to secure a ticket and confirm and complete the transaction at the ticket office. Be it, airline, concert or other.
- Mobile Phone Ring Tones
- There are so many available ring tones, wallpapers, and multimedia downloads available for mobile telephones, with young people being the main purchasers of such services the micro payments solution offers alternative to traditional credit card payment systems, for users that either don't have or cannot attain a credit card.
- Competition Entry
- Online competitions, or television voting systems often have a very small fee attached the micro payments solution allows for shorter settlement times between service providers in most cases.
- Website Membership
- The Micro payments solution provides an alternative method to join websites without using a credit card, as long as the website is part of a developed service provider network.
- Cinema Tickets
- Purchase cinema tickets with the solution and collect your ticket at the ticketing office, this feature requires the cinema to be part of the service provider network.
There are many other services the Micro Payments Solution can provide the only pre-requisites are, low cost and high volume transactions the development of a service provider network is very important to the success of this part of the solution, many service providers exist already and are very excited about a method of payment so simple with such a short settlement cycle.