Just in time for the forthcoming holidays, Globe Telecom is promoting a mobile mode of payment called Globe Charge, giving merchants and retailers more income opportunities. Aside from discounts earned from transactions, Globe Charge also waives fees for credit card transaction or services.
For merchants availing of the service on or before December 15, 2014, a merchant discount rate or MDR charged by the credit card company to merchants is waived for the first six months of the service. Business owners would benefit from accepting credit card payments with reduced deductions on their settlement fees from credit card companies.
For example, a retailer’s P300.00 transaction from a regular Globe Charge Visa or MasterCard credit card payment usually incurs an P8.70 or 2.90% MDR charge, plus the withholding tax of P1.50 or 0.50%. Availing Globe Charge service would mean that no MDR deductions will be imposed for a period of six months commencing on the date the service is activated. Instead of earning just P289.80, retailer gets a higher settlement of P298.50, or a business earning increase of almost 3%.
Senior Vice President for Globe myBusiness Martha Sazon points out,
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.
Globe Charge postpaid bundle subscription costs P299 a month with a 24-month lock-up period. The bundle comes with a free Acer Liquid Z4 smartphone and free card reader, plus surfing-texting-calling combos and consumables. Businesses can now start accepting credit card payments anytime and anywhere in the coming months by subscribing to a Globe myBusiness. Globe Charge app can be downloaded from Google Play or Apple Store and register user account and GCash wallet.
Globe Charge makes payment options and shopping experience more convenient for customers 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. The service is available through Globe myBusiness sales representatives and in Globe Stores. To know more about Globe Charge, visit www.globe.com.ph/globecharge.