paymu solution wallet program

PAYMU SOLUTION

WALLET PROGRAM

www.paymusolution.jimdo.com

Introduction:

A virtual wallet is defined as an independent point loading system

which allows a costumer to swap credits, currencies or other payment

tools into points which can be used to purchase goods and services on

the web.

Currently there are several wallets like systems in the world, serving a

great deal of sites and businesses worldwide. (e.g. paypal, egold,

netteller, mooneybokers, and many more.)


Advantages

Merchants

o Independent costumer's management support: Allows the merchant to manage the costumer's, points, add bonuses, and refund points in case of need.

o Expand to non related sites for services/products, under regulation compliancy (MCC)

o Easily provide a powerful platform for costumer's loads and recurrence of transactions (reloads)

o Track and label customers according to loyalty, verification and good standing.

o Pay-out possibility for your affiliate partners.


Advantages

Customers

o Do not disclose your Credit Card details to an unknown site.

o Maintain privacy

o Manage your own points according to your needs.

o Load your points via independent methods.

o Accept points from another member.

o Cash out (upon request).


• Wallet should be promoted as an Alternative Payment solution,and not directly under Visa and MasterCard Logos.

The sole service or good being sold at the wallet is: Points or loyalty points, and no wallet should be related to any particular industry.

The Points should not be related to any currency instead should be multiply by a factor (e.g. 100$= 200 points)

Marketing and promotional guidelines


HOW DOES IT WORK?

Customer experience:

Customer opens a free account.

Customer loads its points via preferred method (Visa, MasterCard, check21, and other available systems).

The load is converted to points.

Points are available and to the disposal of the customer to transfer to a merchant's site


Merchant experience:

Merchant integrates either to the wallet system API or opens

Merchant's account within the wallet

If API, customer inputs the relevant data and amount of points into

the site payment page.

If Merchant account within the wallet, Costumer transfers points

into the account both merchant and customer receive notification of

the transfer.

HOW DOES IT WORK?


CARDHOLDER

FREE ACCOUNT

ACCOUNT POINS

TRANSFER

SITE INPUTACCOUNT

INTERNAL MERCHANT

HOW DOES IT WORK?


Q: Which amounts are settled to the merchant?

A: The amount the cardholder has loaded with his/her credit card.

Q: Can I refund directly to the Cardholder?

A: Yes, you can refund directly. Moreover you can transfer the points back to the customer account and have him or her to request the refund.

Q: Can the points be used to another other than mine?

A: Yes, but make sure to report the affiliation to the relevant parties.

FAQ


FAQ

Q: Can I Use other merchant accounts?A: Yes, these will require a customized integration and pricing is not

included.

Q: Can a customer account be used by other people?A: No

Q: Can I get my own descriptor?A: Yes, but must be related to the wallet name and wallet customer

support number


Presented project as well as all included informations are confidential and to be used only for the purposes for which it has been

supplied and information contained in it must not be disclosed or in any other way made

available, in whole or in part, to third parties other than those contracted with PAYMU

SOLUTION without the prior approval of PS.


paymu solution wallet program

Documents

refund points

loyalty points

points marketing

customer account

costumer transfers points

o track

privacy o

o cash