Good wayforward. Hopefully the banked will start seeing convenience through online purchases. Also maybe I missed that part, how much are the services charges to merchants or buyers who will use the platform?
Tawanda Victor Mashava
You definitely missed it, they say “The final charges to the customers and the merchants will be at the discretion of each issuing and acquiring financial institution. …”
…Not how much
Member
Good wayforward
Joe Black
So, in essence, these VPayments are charging a SIGN-UP FEE for each bank customer who signs up. This, of course, is “a random number up to $1.00”.
“To activate a card, the Vpayments system will debit a random amount ($0.01 to $1.00) against your card, which you must in turn verify through your Vpayment’s Console.”
I personally was charged $0.65 when I registered for this service. Is that a once-off service charge, or is it refundable? They make it sound like some security verification thing, instead it’s a DIRECT charge.
So, is this 65 cents being credited to my account as easily as it was debited? Now, if only 1,000 fellow CABS customers register, and get charged the same as I was, that’s a coo $650.00 free going to these guys.
Is it standard industry practice to have, essentially, a JOINING FEE for a payment gateway? Because for me, with PayPal, there was no charge. Dunno.
Just asking.
tinm@n
Paypal deducts a random, small amount only for verification. They make a small deduction to your account, which you then use to confirm ownership of the account. Under the belief that only an owner can access transaction records of his/her account.
tinm@n
…which Paypal then re-imburses.
Joe Black
Like I said, didn’t happen to me. Either way, if it does, then as you said, they reimburse it.
So what about VPayments?
rob stangroom
For the cost of buck I dont care. I’m getting a service that I want. And its good that the Vpayments guys make money because they introduced the service and the more money they make the more I can be sure that it continues. This has been a long time coming and well done. Vpayments youve got my buck.
Sam Takunda
Alright!!!!!. LOL The only cause for worry now is “Why haven’t we read of new startups on TZ in the last 2 or 3 months if not beyond?”. Either Limbikani is confusing Save To Drafts for publish, or our techpreneurs have migrated, or …they were all waiting for this.
We've figured out payments, so what's next for Zim e-commerce? – Techzim
[…] we have had some impressive workarounds before Paynow (solutions like Pay4App and vPayments come to mind) but the impressive move made by Paynow here is reaching out to the people who have […]
Dear ZIMSWITCH, make a ZIPIT gateway as an alternative to Vpayments. – Techzim
[…] also doesn’t help that when Vpayments made its debut, it was during the first USD era before banks started limiting online USD payments. Here Vpayments […]
Dear ZIMSWITCH, make a ZIPIT gateway as an alternative to Vpayments.
[…] also doesn’t help that when Vpayments made its debut, it was during the first USD era before banks started limiting online USD payments. Here Vpayments […]
12 comments
Good wayforward. Hopefully the banked will start seeing convenience through online purchases. Also maybe I missed that part, how much are the services charges to merchants or buyers who will use the platform?
You definitely missed it, they say “The final charges to the customers and the merchants will be at the discretion of each issuing and acquiring financial institution. …”
…Not how much
Good wayforward
So, in essence, these VPayments are charging a SIGN-UP FEE for each bank customer who signs up. This, of course, is “a random number up to $1.00”.
“To activate a card, the Vpayments system will debit a random amount ($0.01 to $1.00) against your card, which you must in turn verify through your Vpayment’s Console.”
I personally was charged $0.65 when I registered for this service. Is that a once-off service charge, or is it refundable? They make it sound like some security verification thing, instead it’s a DIRECT charge.
So, is this 65 cents being credited to my account as easily as it was debited? Now, if only 1,000 fellow CABS customers register, and get charged the same as I was, that’s a coo $650.00 free going to these guys.
Is it standard industry practice to have, essentially, a JOINING FEE for a payment gateway? Because for me, with PayPal, there was no charge. Dunno.
Just asking.
Paypal deducts a random, small amount only for verification. They make a small deduction to your account, which you then use to confirm ownership of the account. Under the belief that only an owner can access transaction records of his/her account.
…which Paypal then re-imburses.
Like I said, didn’t happen to me. Either way, if it does, then as you said, they reimburse it.
So what about VPayments?
For the cost of buck I dont care. I’m getting a service that I want. And its good that the Vpayments guys make money because they introduced the service and the more money they make the more I can be sure that it continues. This has been a long time coming and well done. Vpayments youve got my buck.
Alright!!!!!. LOL The only cause for worry now is “Why haven’t we read of new startups on TZ in the last 2 or 3 months if not beyond?”. Either Limbikani is confusing Save To Drafts for publish, or our techpreneurs have migrated, or …they were all waiting for this.
[…] we have had some impressive workarounds before Paynow (solutions like Pay4App and vPayments come to mind) but the impressive move made by Paynow here is reaching out to the people who have […]
[…] also doesn’t help that when Vpayments made its debut, it was during the first USD era before banks started limiting online USD payments. Here Vpayments […]
[…] also doesn’t help that when Vpayments made its debut, it was during the first USD era before banks started limiting online USD payments. Here Vpayments […]