Mobile payment - non-cash payments with mobile phones
The technology of SelwoodLtd safely and easily turns the mobile phone into a wallet. This allows fast and safe business transactions in the digital world. SMS, MMS or the web are possible ordering channels.
With the payment platform of SelwoodLtd, you can bill offered value-added services (digital goods or services) with the end customer's mobile phone invoice through all network providers.
Advantages
- No registration steps required for end customer purchases
- No credit risk through online validation
- Uniform interface for all transactions
- Mapping of subscription services possible
- Good addition to other payment methods
Applications
- Individual orders of virtual goods via SMS short codes
- Billing of regular orders for virtual goods and information with a subscription
- Sale of online games on your website
- Access to websites against payment
Functional principle
- The customer wants to buy virtual goods
- Onward transfer of transaction information (phone number, amount, etc.) to the SelwoodLtd payment platform
- Check of customer relationship with network provider
- After the authentication by the mobile network operator, the virtual goods are delivered
- Billing is done via mobile phone invoice or immediately via prepaid card