Dragonpay Launches Online Micropayments Solution in the Philippines
Online merchants can now accept micropayments from Philippine customers through Dragonpay Online Payment System.
Makati, Philippines, August 19, 2010 --(PR.com)-- Online merchants needing to collect small payments per transaction (also known as micropayments) in the Philippines now have a more economical option. Dragonpay brings micropayment processing to mainstream e-commerce through its online payment services.
Most payment systems have a fixed transaction fee component associated with it. Even credit cards or PayPal, which are mainly percentage-based, also normally have a fixed fee portion varying from PHP6.00 to PHP15.00 per transaction. Merchants selling low-value items, such as digital or virtual goods, are faced with a challenge of paying these fixed fees which can account to anywhere from 50% to 100% of the total product price.
Dragonpay provides a micropayment solution for merchants selling these types of items. By charging only 5% of the amount, merchants can sell items for as low as PHP5.00 and only pay Dragonpay PHP0.25. This service is targeted to merchants offering social or online gaming items, or selling digital goods like music.
Micropayment transactions are expected to grow exponentially in the coming years with the increasing popularity of social networking sites and massively multiplayer online role playing games (MMORPG's). The advent of consumer devices such as smart phones, netbooks and tablets, like the Apple iPad, will further bring in demand for purchasing digital content such as music, games or applications. Even payment giant, PayPal, has already announced support for micropayments.
To know more about Dragonpay micropayment services, email sales@dragonpay.ph. Dragonpay solutions are tightly integrated to Mozcom Inc.'s PayEasy online payment service. Merchants of Mozcom PayEasy automatically enjoy the convenience of online and offline bank payments through Dragonpay. Visit www.payeasy.ph for more details.
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Most payment systems have a fixed transaction fee component associated with it. Even credit cards or PayPal, which are mainly percentage-based, also normally have a fixed fee portion varying from PHP6.00 to PHP15.00 per transaction. Merchants selling low-value items, such as digital or virtual goods, are faced with a challenge of paying these fixed fees which can account to anywhere from 50% to 100% of the total product price.
Dragonpay provides a micropayment solution for merchants selling these types of items. By charging only 5% of the amount, merchants can sell items for as low as PHP5.00 and only pay Dragonpay PHP0.25. This service is targeted to merchants offering social or online gaming items, or selling digital goods like music.
Micropayment transactions are expected to grow exponentially in the coming years with the increasing popularity of social networking sites and massively multiplayer online role playing games (MMORPG's). The advent of consumer devices such as smart phones, netbooks and tablets, like the Apple iPad, will further bring in demand for purchasing digital content such as music, games or applications. Even payment giant, PayPal, has already announced support for micropayments.
To know more about Dragonpay micropayment services, email sales@dragonpay.ph. Dragonpay solutions are tightly integrated to Mozcom Inc.'s PayEasy online payment service. Merchants of Mozcom PayEasy automatically enjoy the convenience of online and offline bank payments through Dragonpay. Visit www.payeasy.ph for more details.
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Contact
Mozcom Inc.
Robertson Chiang
+63(2)8482606
www.mozcom.com
Robertson Chiang
+63(2)8482606
www.mozcom.com
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