Globe’s
game-changing mobile payment platform in the country, Globe Charge, is
providing retailers and merchants more opportunities to realize extra earnings
in the form of additional discounts from their transactions.
Aside
from giving them an alternative means for payment which turns their mobile
phones into a point-of-sale payment card terminal, Globe Charge recently
announced that it will waive fees for transactions or services—also called the
“merchant discount rate (MDR)”—charged by the credit card company to merchants,
for the first six months of the service for those applying for the service on
or before December 15, 2014. This means business owners can enjoy the benefit
of accepting credit card payments with reduced deductions on their settlement
fees from credit card companies.
As
an illustration, a retailer’s P300.00 transaction from a regular Globe Charge
Visa or MasterCard credit card payment will usually incur an P8.70 or 2.90% MDR
charge, plus the withholding tax of P1.50 or 0.50%. For half a year from the
date of their application, Globe Charge will impose no MDR deductions. Instead
of earning just P289.80, the retailer will receive a higher settlement of
P298.50, effectively increasing the business’ earnings by almost 3%.
“As
retailers, merchants and SMB owners embrace the ease and convenience brought
about by Globe Charge, we now provide them a means to earn a little more come
the holiday season and toward the New Year by canceling the merchant discount
rate for six months. We foresee this benefiting small and mid-size enterprises
(SMEs) such as stores, off-site branches, as well as other similar businesses
across the country - especially those who will be putting up Yuletide bazaars, tiangges and expos as the holidays draw
near,” Senior Vice President for Globe myBusiness Martha Sazon pointed out.
She
added that, as the trusted business advisor of local SMBs, Globe myBusiness is
empowering them with an added payment option through Globe Charge, translating
potential customers into more paying patrons, leading to increased sales and
overall business growth.
Businesses
big or small can start accepting credit card payments anytime and anywhere in
the coming months by subscribing to a Globe myBusiness Globe Charge postpaid
bundle for as low as P299 a month with a 24-month lock-up period. It comes with
a free Acer Liquid Z4 smartphone and free card reader, plus
surfing-texting-calling combos and consumables.
To
start using Globe Charge, they need to download the Globe Charge app from
Google Play or Apple Store. After installing, they need to run the app online -
the data connection of which is absolutely free of charge for Globe customers -
and register their user account and GCash wallet.
Since
its launch early this year, Globe Charge has been helping grow the businesses
of about a thousand local merchants. It will make payment options and shopping
experience more convenient for customers this Christmas by accepting Visa,
MasterCard debit and credit cards. Globe Charge also continues to break new
grounds by enabling card acceptance by processing GCash Card payments like
PowerPay+ cards.
Globe
Charge is available through Globe myBusiness sales representatives and in Globe
Stores.
