Micro Payments

There are a lot of different possibilities to pay nowadays. Other than paying cash you could also pay with cheques, pin or credit card. The use of credit cards and pin is the most popular, because it is branded a safe way to pay. But the disadvantages all on the retailers side, if someone pay with their credit card, the retailer will have to pay a transaction fee which decreases the profit made on a product, especially with smaller transactions (such as a purchase on the internet), this is not a favourable situation to the retailer.

The micro payment method is ideal for this situation it is the best and fastest solution to this problem. Not only is it safe for the customer but for the retailer as well. Payment using SMS or a voice application, is quick, reliable and without the extra costs for the retailer. XSGranted has standardised these modules so this manner of paying can be put to use immediately.