Mobillcash guarantees the payment to merchants upon transaction completion.
Mobillcash has a proprietary billing system that provides the network operator and the merchant with immediate cross network delivery notification, verification and charge to the consumer.
Merchant Settlement
M-commerce billing requires that funds are collected in three stages:
Stage 1. Consumer receives bill from network operator at the end of the month in which the transaction takes place (operator collects funds).
Stage 2. Network operator generates Mobillcash revenue statement and processes payment (average 30 days after stage 1).
Stage 3. Mobillcash receives payment from the network operator 30 days after stage 2 and settles immediately with merchant.
Merchant settlement is made by bank to bank wire transfer.
