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?
For starters, their website works just fine on Firefox, unlike most other local payment gateways and internet banking sites.
Second, they seem to have the widest coverage so far which includes all Megalink and Bancnet ATM Debit Cards, AMEX/Visa/Mastercard/Discover/JCB, Smart Money and Globe G-Cash, UCPB’s 1Time and (guess what?) Paypal. You can also opt to fund your account offline via bank deposits or Western Union.
Third, transactions are quick and easy. Looks like integration was thought-out thoroughly though there are some rough spots with the other systems it was fairly manageable. I was able to complete two payments in less than 5 minutes which includes the registration.
They have two payment options built into one — the credit card plus Paypal option (PayEasy Direct) allows direct payment and the debit option (PayEasy Wallet) which requires you to fund or top-up your account first before you can use it for payment though they limited it to several countries (for fraud protection?).
There are no additional charges for the consumer except for incidental ones like text messaaging rates for mobile funding. Overall, the system works almost seemlessly and the wider coverage is a good bonus to attract more merchants.
PayEasy is currently a consumer-to-merchant payment system but if ever they open consumer-to-consumer transactions, it should be really useful and convenient for smaller players or individuals doing online transactions.