Payment Observer

The Latest News, Industry Insights and Research Findings on Global Payment Markets

13Aug/12

Payment News – August 13, 2012: TapPay, TapWallet, Xsolla, Openbucks, Mobile Payment Commitee

By Martin Schuppelius

TapBase Introduces TapPay and TapWallet Mobile

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Xsolla Partners With Openbucks for new Online Games Payment Option

Openbucks to integrate their Gift Card Payment Network to provide a new payment option for online games. The partnership allows users in the United States and Canada to spend money from gift cards of trusted retail brands (such as Subway, Burger King, Circle K, CITGO, and CVS/Pharmacy) for online games in-game items, subscriptions and more.

ETA Launches Mobile Payment Committee

Read more… 

10Aug/12

Payment News – August 8, 2012: Facebook Subscriptions, Starbucks, Square

By Martin Schuppelius

Facebook Subscriptions Now Available

Facebook has rolled out subscriptions to all app developers on the social network. The subscriptions feature allows local currencies, different subscription plans and free trial periods. Customers can pay with their credit card or PayPal account. Facebook subscription payments look nice way for developers to monetize their apps on Facebook. Read more…

Starbucks, Square Partner for Mobile Payments

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26Jul/12

Paymentwall Launches HTML5 Mobile Payment Solution

By Martin Schuppelius

Paymentwall Mobile service enables developers to offer local payment options (such as: credit card, debit card, mobile, landline, prepaid, ATM, terminal, bank transfer, direct debit, offers …) to their customers in more than 200 countries.

Honor Gunday, Paymentwall CEO, commented “Although iTunes is a well executed, easy to use platform, the 30 percent fee the publishers need to swallow and the Western-oriented approach to monetizing only via credit card is not sustainable and HTML5 will emerge as the future of mobile application development.”

Paymentwall Mobile (click to enlarge)

13Jul/12

Payment News – July 13, 2012: LevelUp, Starbucks, Pocket Change, Paysafecard

By Martin Schuppelius

LevelUp Drops Mobile Payment Processing Fee

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Starbucks Rolls out Mobile Payment App in Canada and the UK, Adds PayPal Support

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Virtual Currency Startup Pocket Change Raises $5M

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Paysafecard Launches in Canada

Paysafecard was acquired by Skrill, one of Europe’s largest payment service providers for approximately €140 million.

4Jul/12

Payment News – July 4, 2012: Cashlog, Ogone, Klarna

By Gary Merrett

Cashlog Launches Android In-App Payment Solution

Mobile payment company Cashlog has released a Software Development Kit (SDK) for Android, which enables developers and digital merchants to integrate 1 click in-app purchases.

The SDK features an automatic number recognition and works for any SIM-based device not only in the 3G network but also via Wi-Fi. Cashlog is available Italy, Spain, Germany and France and processed more than 1.7million transactions in May 2012. Read more…

Ogone Adds Mobile Payment Solution to its Portfolio

Ogone has launched an in-app payment library for Android and iOS devices. The new service completes Ogone’s existing online payment services. When integrated into the app, Ogone’s payment library enables purchases within the app without redirecting the user to the phone’s mobile browser.

Klarna Enters Austrian Market

Sweden-based payment service provider Klarna is expanding into Austria. Klarna will be commercially available in Austria in fall this year. Klarna offers a e-commerce payment service, with Klarna, online merchants can offer their customers the option to pay after the delivery of the goods. Currently Klarna handles transactions worth €2.3 billion through 15,000 connected e-stores annually. Austria will be the seventh country in Europe where Klarna’s is available.

25May/12

Payment News – May 25, 2012: AmEx, Google In-App Billing, PayPal, Serve, Zynga

By Martin Schuppelius

Micro Payment: Zynga and AmEx Introduce Online Virtual Rewards Program

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Micro Payment: Google adds In-app Subscriptions to Android

One year after starting Read more…

In-app Billing on Google Play

Alternative Payment: PayPal Continues to Expand into the Retail World

agreement with VeriFone and Equinox Payments, both are large point-of-sale terminal providers, enables more customers to pay with PayPal at retail stores across the U.S. The company is also partnering with 15 U.S. retailers that are going to implement PayPal’s retail payment solution. Read more…

22May/12

Meet Dwolla – A Disruptive Online Payment Startup from Iowa

By Martin Schuppelius

$1 million in transactions per week milestone and is now processing more than $1 million per day. The company raised a $5 million Series B round of financing led by Union Square Ventures in February this year and most recently won Ashton Kutcher as investor.

The name Dwolla is a conjunction of “Dollar” and “web”; a good description of what Dwolla is: an online, cash-based payment method.

How does it work?

Dwolla is not a bank or credit card processor. The company provides a digital wallet and payment network much like PayPal. Transactions are made directly and instantaneous between Dwolla accounts, without using the credit card or ACH (=Automated Clearing House, the electronic network for financial transactions in the U.S.) infrastructure. Dwolla is partnering with U.S. bank Veridian Credit Union to securely deposit the funds of their users.

social media contacts (non-Dwolla users have to sign up to claim the money).

Fees

Unlike credit cards and PayPal, which usually charge 3%-5% for each transaction, Dwolla charges a flat fee of just $0.25. Micro-transactions less than $10 are free. By default the recipient is responsible for paying the fee, but there is also the option that the sender takes over the fee (e.g. for charity donations). There are no additional fees, even for merchant accounts.

Merchant Features

Business can sign up for a merchant account to accept payments through the Dwolla network based on their Dwolla ID or email address. Dwolla provides innovative solutions for retail merchants as well as for online shops. Users can locate nearby retail stores that accept Dwolla via Dwolla Spots or Proxi. To verify the incoming transactions Dwolla provides a web-based Dwolla Kiosk App. Check out the embedded video to see how Dwolla Spots work:

For online merchants Dwolla offers plugins for all main e-commerce shopping platforms and an API to their payment gateway.

The downside is that Dwolla is only available within the U.S. The company is focusing on national expansion and has currently no plans to expand internationally.

11Apr/12

Innovative Payment Companies: iZettle – Mobile Card Processing the Swedish Way

By Martin Schuppelius

iZettle provides a mobile payment service that allows businesses and individuals to accept credit and debit card payments using their iPhone, iPad or iPod Touch.

The company was founded in April 2010 by Jacob de Geer and Magnus Nilsson and recently received €8.2 million in funding led by Index Ventures.

Availability

Since its launch in Sweden last summer, iZettle has attracted 25,000 active users and has grown the point of sale market in Sweden by roughly 15%. The service is also available in Denmark, Finland and Norway with more to come in 2012.

How it works

PayPal Here iZettle is also EMV (Europay, MasterCard and VISA) approved and supports chip-enabled cards, which are very popular in Europe.

Pricing

iZettle has no set up fee or monthly fee. For each transaction iZettle charges 2.75% of the transaction volume plus €0.15 (including bank fees).

In a nutshell

iZettle provides an innovative solution for accepting credit and debit cards on the go. Unfortunately the service is only available in the Nordics so far.

Check out the video to see how iZettle works:

21Feb/12

boxPAY Expands to North America

By Gary Merrett

boxPAY has opened on office in San Francisco, California and is now offering mobile carrier billing in the US and Canada.

boxPAY provides Premium-SMS and direct carrier billing solutions, enabling e-businesses to charge their customers for digital content through a mobile phone instead of a credit card. The company offers in-app, one-touch billing on the Android platform, as well as subscription billing in more than 40 countries.

“The move to North America was crucial to boxPAY’s global expansion because of the significant amount of cellular subscribers in Canada and the US. We needed to offer our merchants from all over the globe access to these 350 million+ customers, especially because of the fact that mobile users here are comfortable with mobile payments,” commented boxPAY’s Co-Founder Gavin McConnon.

1Feb/12

TrialPay Raises $40M in Funding

By Gary Merrett

TrialPay has raised more than $40 million in its latest round of funding by Visa, Greylock Partners, and others. The company plans to use the fresh money to expand into new markets.

TrialPay provides an advertising platform that enables customers to pay for goods and services by completing an offer (trying or buying a product) from an advertiser. For example, online players can sign up for a DVD rental service to get virtual currency in return. Offer-based payment services are particular popular in social games as they help developers to monetize users which are not willing to pay for virtual currency.

Check out the video how see how TrialPay works: