Revisiting Philippine Online Payment Services
Posted Friday, November 11th, 2005 3:52 pm by Abe Olandres
Viewed 5813 times | Related entries: e/m-Commerce
From Abby Ongyanco-Lim’s blog, local payment systems/services don’t seem to get much penetration. I hardly know half of them.
She posted a list of Online Payment Solutions as presented from the recent 4th National E-commerce Congress:
YESPayments - VISA/MASTERCARD/JCB ThePort by Unionbank - VISA/AMEX/DINERS/E-ON/UBP ATM/MEGALINK ATM PAYplus+ by Yehey - BANCNET and MEGALINK Bancnet - BANCNET, MEGALINK, EXPRESSNET PayEasy by Mozcom - VISA/MASTERCARD/AMEX/DISCOVER by Paypal & G-Cash Wi-Max Business Innovation - BDO ATM, G-Cash, Smart-Money, Wi-max Wallets G-Cash by Globe - Mobile Micro Payments SmartMoney by SMART - Mobile Micro Payments
Of the lot, I only have experience with Yehey’s PayPlus service thru local merchants. SmartMoney, though an award-winning mobile service, faded because of slow adoption. G-Cash is more promising but we need more consumer education on how to use it. Mozcom’s PayEasy has Paypal? How’d that happen? (US subsidiary maybe?)
We go back to the basic problem, internet penetration and credit card holders. So far, G-Cash has the potential to really make it big.
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18 Responses to “Revisiting Philippine Online Payment Services ”
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Has anyone tried PesoPay? I think it’s new. My group needs an online payment system for non-profits that doesn’t charge much because we don’t even know if we’ll get much. There seems to be a dearth of such in the Philippines. If there were more, online entrepreneurship would really thrive. Our banks are crazy for not even thinking of going into this business.
I have researched about PayPlus. It has a history of lawsuits and anomalies pala. Kaya nalilito na ako anong klaseng online payment and talagang mapagkakatiwalaan.
Try this: http://www.paymentasia.com
Wala nang payplus. Yehey now has “Kaban”. But still expensive 50K ONE TIME (for life na ) ang problem … kaya nga nag o-online business and not brick and mortar eh kasi mas less capital tapos maglalabas din ako ng 50k, i dont even know if it will click or not
We shopped around for a payment gateway service provider and they are all expensive. For a small web business like ours, the set-up fees (P50,000 for payplus) were horrendously large and the commission they ask for is also big (6%). With our spread of only 5%, magkaka-utang pa kami if we use the local services.
[...] Just got the chance to use Mozcom’s PayEasy system today and thought it would be good to follow-up on my entry on Philippine Online Payment Services last year. So, why did this one got a quick nod from me? [...]
with e-commerce, it wont boom as much like in the states due to acquiring credit cards here in phil is so freakin hard.. itl’ll take usually 2 weeks before they process your application and once granted, another two weeks to deliver.. i myself work as a credit card salesman before for citibank and the odds that an applicant would get approved for a creidt card is 20:80, as in 80% of the applicant are denied or rejected..
with m-commerce, itll take off once Globe or Smart can provice security to their subscriber.. who in their decent mind would pay a stranger using their cellphone..? probably you’ll ask, why..? well, i’ll ask you another question instead, what are the oddities that you know someone who sells an ipod or a laptop that accept mobile wire transfer..?
joke: what do you call a mishap on an m-commerce and e-commerce..?
“what?”
f-commerce (fuck-commerce, get it..? wahahahahaha!!!)
walang kwenta ang wi-max sa eload nga lang palpak na sila, customer support nila 10am mon-fri start ng pasok pag may problem ka sa gabi at early morning wala sumasagot pati sat and sun. Lahat ng services may bayad dami hidden charges, txthelpline nila magtxt ka ng problem mo ng sat sasagutin ka nila monday na, nakakunsumi kaya mabuti pang magdirect ka nlang sa smart or globe.
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