„Connecting Consumers and Merchants Around the World“ - A short insight into the functions and possibilities which MasterCard's payment method MasterPass can offer you as a merchant. Our sellXed plugins already support MasterPass including ExpressCheckout with adress transmission for selected Payment Service Providers.
What is MasterPass?
MasterPass is an e-Wallet developed by MasterCard which does not only enable the customer to make mobile payments but all kinds of digital transactions. Furthermore, it is available for all card types, not only MasterCard. MasterPass is more than just a wallet. It is an e-Payment platform that optimises the user experience for merchants and customers alike. For example, MasterPass enables the customer to pay in store, online or mobile, safely and comfortably. MasterPass offers all transaction methods in one. Merchants and customers should have a consistent user experience, no matter which payment type they choose.
What is an e-Wallet?
An e-Wallet is a virtual wallet with separate accounts for each customer. Merchants can save credit card data in their shop and require only the customer's eMail address and password. This simplifies paying online significantly and leads to a more user friendly shopping experience in every shop.
How Does the Process Work?
MasterPass combines all digital payment options and is equipped with a Full-Checkout-Experience. Since MasterPass is an e-Wallet, tedious and time consuming steps of digital payment can be avoided by storing all credit card and customer data. When paying, a customer only has to provide the login data and selects the address and preferred payment method. Depending on the integration, MasterPass can be included as an additional payment method in your shop.
Another option is to integrate MasterPass as a so called External Checkout in your shop. The customer can then complete the order directly from the shopping cart. No credit card data or addresses have to be entered, which makes this option especially interesting for recurring payments and payments from mobile devices.
Vorteile von MasterPass:
MasterPass offers a set of advantages, such as making 3D Secure redundant, depending on the contract with the issue partner. In addition, MasterPass has specific advantages for customers and merchants.
MasterPass offers all options for digital payment which allows the customer to deposit credit card data and addresses securely in a Cloud. This makes paying online orders faster and easier.
MasterPass Payments allow merchants to accept payments regardless of location and payment method. In addition, it also enables merchants to provide their own Wallets. With MasterPass, large customer segments with mobile devices can be reached because it makes the tedious task of entering payment information on a small device unnecessary. Depending on the acquirer contract, interchange fees for payments with MasterPass are less expensive.
In the future, the Wallet will be equipped with additional couponing functions so that customer cards can be stored in the MasterPass Wallet as well.
How to Activate MasterPass in your Shop?
We integrated MasterPass as a payment method for the following PSP:
- ConCardis PayEngine
- Barclaycard ePDQ
- Ingenico Payment Services (Ogone)
If you signed a contract with any of the processors listed above, contact customer service and demand the activation of the payment method. This service should be free of charge if you already offer payment by credit card.
Secondly, you will need the latest sellXed.com payment plugin which includes this function. MasterPass External Checkout and MasterPass are available in the following shops:
For a live demonstration of MasterPass, click here:
For any questions about the product, do not hesitate to contact us: www.sellxed.com/support.