There are many ways to pay for goods and services via the Internet and one of them is the mobile payment.
Mobile payment is a service that allows paying for goods and services from mobile phone account within 10 - 15 000 RUB. This service quickly and securely writes off from the customer's account on the sum of product or service utilized. Below is an example how a given service works for subscribers and some Internet - shop within the Arsenal Payment System.
An online store client chooses the product or service, moves to the Payment field, and then selects “Mobile Payment”. The client indicates in the form of the payment system the payee, the payment amount and payment details.
The Arsenal Payment System checks the parameters of the payment and then specified sum transfers out of the customer's account (phone) if all the necessary conditions are met.
Then the payment system creates an electronic register and sends it to the online store (using the agreed interaction protocol). On the basis of the register online shop informs the customer that the payment is made and the product or service will be delivered to the customer in a certain period.
At the end of the billing period (usually a month), the parties make settlements between each other.
The advantage of electronic payments is lack of the pre-authorization phase, in contrast, for example, credit card payments, where it is necessary obtaining one-time bank passwords, etc.
Service is easy to use, because the mobile phone is always on hand and there is a certain amount of money on the account. If there is not enough money on the account, the user can quickly refill it either using the automatic payment terminals or payment points. An electronic payment can be made using a mobile phone or via Web sites, mobile applications, etc.
An added bonus for the users is ability to track payments via SMS.
The revenue growth statistics of the companies using this service confirms the service convenience for its users.