Payment Processing Update

OPW - Apr 13 - Payment Processing is critical to a dating site’s success, yet is often confusing to many site operators. To make it a bit easier, Courtland Brooks has published a Payment Processing Primer called, So You Want To Get Paid, which can be seen here. 

In addition, we regularly look at a variety of processors and publish their information in an easy-to-use spreadsheet, which can be seen here. We examine Mainstream Processors, which process traditional credit and debit cards, as well as alternative processors that handle anything from Mobile Billing to Pay In Cash possibilities.

Our latest spreadsheet includes 4 additional payment processors including two mobile billing services.

·      iTelebill: Monthly reoccurring billing which complements and easily works in conjunction with your current traditional payment processing system.

·      Zong : Micropayments processing for sites selling individual items or services to their consumers.

·      AIBMS : Traditional payment processing through credit and debit cards.

·      GetGambit: Allows consumers to sign up for offers which then pay the dating site’s subscription fees.

Mobile billing is the fastest growing method of payment processing.  An estimated 3 billon mobile phones in the world, combined with an economy which has left many consumers without credit, have made SMS billing a common alternative, particularly in Europe.  Mobile billing, which also offers the advantage of anonymity, can increase a site’s conversion rates.

Should you have any questions about payment processing or would like to talk to us about increasing your site’s revenues and profits please contact Mark Brooks at [email protected].

Comments

[Account Deleted]

Here in Argentina, Match/Chemistry is using Global Collect, mainly for persons who do not have credit/debit cards or do not want to use credit/debit cards to avoid "automatic rebilling", and they want to pay using a bank wire transfer instead.

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