- New payment option for small retailers looking to avoid big transaction fees
- Quick for retailers to set up, with a fast and simple transaction process
- Fixed fee of just 0.75% per transaction to withdraw the money from mobile wallet
Online retailers are now able to offer a new way for their customers to pay on their website by using the Moneymailme app. The new simple, fast and secure method will offer an attractive instant payment option for Moneymailme’s customers around the world and keep fees as low as 0.75% per transaction for retailers.
Moneymailme, which facilitates chatting, file sharing, video calling and micro-payments at the same time, is planning to onboard retailers in the 130 countries where it has active users. The app has recently relaunched with a new design and new improved features and has added three new currencies – Swiss Franc, Polish Zloty and South African Rand.
Once a merchant has added Moneymailme’s payments solution (M3 Pay), customers can simply click the option directly on the online store and are redirected to a payment page, where they can just scan the QR code with the details of the payment.
Online merchants can implement the innovative e-payments system to optimise the costs and speed of transactions. Once M3 Pay is added to the online store there is no processing time or delays. When the user pays, the money will be instantly shown in the merchant’s account.
Moneymailme uses a network of e-wallets in partnership with Mangopay, so that each merchant will receive an individual e-wallet in its desired currency. Transferring money from the e-wallet of a user to the e-wallet of the merchant is done instantly.
Moneymailme CEO Mihai Ivascu said: “Online retailers, particularly smaller merchants, are often stung by high fees when people use debit and credit cards to make purchases. Having another option with a fixed rate of just 0.75% and no monthly fee will enable them to keep more of their profits and grow in a very competitive marketplace.”
Using a specially developed interface, the merchants using Moneymailme will be able to supervise all transactions or generate reports with only a few clicks. The solution employs proven anti-fraud and anti-money laundering methodologies to keep transactions safe, including 3D Secure triggered on demand, real-time anti-fraud rules, black listing management and anti-money laundering checks with KYC management and process fully integrated in the API.