Products that require a small charge, such as timely information, shareware software and access to online games, have relied so far upon either a subscription model where pre-payments and registration are required, or they have simply been given away. WorldPay solved this problem by combining WorldPay's secure micro-payment system 'WorldAccount' with WorldPay's multi-currency solution. Your online shoppers now have the ability to pay for goods or services as low in value as a penny, centime or cent, in a choice of 25 currencies.

Benefits

• Allows transactions to be made in a choice of 25 currencies at low values.
• Accounts are operated centrally so funds can be accessed from any computer, world wide.
• Accounts are protected by user name, password and pre-set credit limits
• Unused funds can be returned at any time.
• Available to anyone who has a valid credit or debit card.
• WorldAccounts can be used with any WorldAccount enabled web store.
• An eCommerce web site can operate with both credit/debit card processing and WorldAccount.
• Using WorldPay standard integration solutions with the customer web site, shoppers can be handed to either payment option depending on the value of the purchase.

How WorldAccount works

• A potential shopper visits the customer's website and decides to make a low value purchase.
• If the shopper does not have a WorldAccount, they are directed to a secure WorldAccount application. Here they select their preferred currency and open an account to a value not less than the local equivalent of £5 or the value of the goods (whichever is greater) by making a payment from their credit or debit card. This becomes their opening WorldAccount balance.
• Once the shopper's WorldAccount has been opened, the purchase value of goods or services is deducted from their balance.
• Every time the WorldAccount is used, the shopper and customer receive a unique digital receipt from WorldPay.
• After a transaction, WorldPay deposits funds into the customer bank account.
• the balance of shopper's WorldAccount is held at WorldPay and is available whenever and wherever they wish to shop.

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