Mpayy offers mobile payment service to application developers

All mobile application developers irrespective of their operating system or device can avail of the new debit payment service launched by Mpayy Inc. Currently Mpayy offers free and secure mobile payments from its mobile and online websites.

Mpayy allows application developers to process their payments for $0.20 + 2.00% from within applications on Android, iPhone or Blackberry. Application developer and merchant partners seeking to provide payment services for mobile commerce can send transaction details to a co-branded version of Mpayy’s mobile site, or call the service directly from within the application. Text message invoicing options and location-based service payments are also available.

Businesses that has their application marketplaces can sign up for Mpayy Retail Ecommerce & Checkout Host (REACH) accounts and then provide their personal and merchant accounts to the buyers and sellers within their marketplace. When sellers receive their funds, Mpayy can move the net amount, providing marketplace fees in real time, eliminating receivables periods. The system provides merchants with mobile commerce capabilities enabling them to accept payments to their REACH accounts directly from customers’ mobile devices.

Mpayy platform recognizes devices, networks and operating systems and among other things it also works with checking accounts from any bank inside the United States.