PAYPAL IS DEAD No longer do internet marketers have to use services like Paypal to get paid for software and ebook downloads. Their customers can now just enter their country, their mobile phone number at a website, the phone carrier then guarantees payment to the marketer. This service is going to revolutionize the internet marketing industry by making it possible for customers to preserve some anonymity and not have to give up their personal details, credit card number or pay by services such as Paypal. This new mobile phone payment service makes Paypal and other payment gateways - including expensive merchant accounts - redundant. Marketers get paid to their bank accounts after 60 days by wire transfer to anywhere in the world - all the fees for this are free. No more waiting for checks from other countries and the time consuming wait for a marketers bank to clear the funds. This service is worldwide with some 100 mobile phone carriers joining the scheme and more joining soon. Carriers see the benefits in joining this scheme - because the end result is a premium rate phone call to the customers mobile phone bill - thus all carriers in this scheme will see a rise in revenues - all costs are usually paid for by the customer, although some marketers are prepared to bear the costs if it is worth it for them to do so. Recurring billing can be set up for membership sites until the customer stops them and leaves the membership. The carriers have decided that the only goods they will be allowed to be paid for by mobile phone bills are software downloads, and membership payments to clubs, associations or membership sites. NO physical goods are allowed to be sold under this scheme. This policy may change in the future as the scheme matures and carriers can see where it is headed. There is a monthly cap - which differs from continent to continent - in the USA it is no more than $100 per month for each mobile phone customer that can be billed to their account - in the UK and Europe it is anywhere up to the equivalent of $400 a month. This scheme was started from the UK and has mushroomed to a worldwide scheme - with - it is estimated - to be 500 carriers coming on board by the end of 2008. For a long time internet marketers wishing to enter the teen market - 13 to 17 year olds - had no way of getting paid by their young customers. No longer is this the case, most teens have mobile phones and they use them a lot. They may not have credit cards or be a member of Paypal, but now they can pay for music downloads, ring tones, wallpapers, memberships to various websites and other organizations. The teen market is worth billions of dollars worldwide and now marketers can see how they will get paid. All marketers are guaranteed payment even if the mobile phone customer does not pay their bill to the carrier. Carriers have decided that there will be no refunds on transactions - if a customer is not happy with their purchase, they must take it up with the marketer, carriers will not enter any dispute. Follow up by SMS text messages will be available to contact buyers to offer further products or to ask them to join a list for further offers in the future. Those marketers who have asked for an alternative to Paypal - have just found it.
LOL >.< Good laugh with the title.. but yeah I would never use a payment service through my cell phone you know how horrible that is? If someone steals your phone then your f***ed for life.. But someone makes a bunch of transactions with your paypal account you contact paypal and bam refund.. I;ve never seen anyone use this method.
well we'll see how that goes... personally I hate paypal... too expensive, horrible support, and even worse seller protection... But yes this mobile phone billing is nothing new... billing by phone has been around for a long while... it's only recently been adapted to mobile phones... Either way I think payment processors will still exist because I'm pretty sure more people have credit cards than cell phones... Me personally being one of them, I don't own a cell phone... they are much too expensive and I don't really have the need.
Mobile phone transactions is quite a big thing in South Korea, but I don't think it can effectively replace Paypal in anytime soon. The telecoms of each country need to coordinate with each other for international billing, given that most are state owned, I doubt there is much flexibility in doing so. It is a great idea and technologically possible, just that countries' barriers remain.
I think paypal will still be around for some time to come. I use paypal everday and i'm sure there are lots of us out there that do aswell.
I believe Paypal will, it has read the market well and has established intensive network all over the world which is not easily duplicated. This effectively serves as a high entry barriers for other competitors.
lol then why is paypal used more then this mobile service. I think paypal is a bit more safe. Even thought nothing is perfect.
When I sell something for $0.97 I use MobillCash When I sell something for $97.00 I use PayPal One is good for standard payments, the other is great for micropayments. The one for micropayments will not replace the one for standard payments any more than a radio can replace a television. They work side by side depending on what you are after.
it seems like u don't understand how this system works in my country phone transactions are pretty easy safe and fast. and yeah solavar speaks the truth, everything has its market
Also you have to see that most people don't feel safe to give there phone number and for money I do not know how much convinicing it would take.
Not really it took me two seconds to think that you can just report that you have lost your phone and they will disable the feature until you locate it. Not to unsafe, but no safer than a credit card, just more convenient.
There will be a time when it is obsolete and replaced by another start up eventually. Technical companies aren't as durable as the likes of P & G etc.