Makati, Philippines, June 25, 2010 --(PR.com
)-- Mozcom PayEasy Online Payment System ("PayEasy") partners with Thailand's PAYSBUY to allow Thai users to purchase products and services from PayEasy merchants using their local bank accounts. The payments are done online and in real-time over the Internet.
Direct bank debit payments present several advantages to online merchants versus traditional online payments like credit cards or PayPal. With bank payments, once you get paid, you stay paid. It is not possible for abusive customers, or those with fraudulent intent, to arbitrarily reverse their payment and letting the merchant bear the cost. Because of this, PayEasy can accommodate high-risk merchants such as those offering prepaid electronic PIN’s, online gaming, or money remittance.
Internet banking is also easier to avail than getting a credit card. As a result, more young people who may not yet have the credit history that will allow them to apply for a credit card, can go into e-commerce with just their bank account. PAYSBUY supports KasikornBank, The Siam Commercial Bank, Krung Thai Bank, Bank of Ayudhya, TMB Bank, Bangkok Bank and UOB Bank Thailand.
PAYSBUY, founded in 2004, is the service that allows members to send/receive money, make payments via electronics. PAYSBUY has received Electronic Money License from Ministry of Finance and Electronic Payment Service Provider License from Ministry of ICT, under the supervision of Bank of Thailand. In addition, PAYSBUY has also earned the Trustmark from Ministry of Commerce. Its innovative system has aimed to encourage Thai e-Commerce by making electronic payments easy, fast, and safe.
Mozcom PayEasy is the most comprehensive online payment system in the country today supporting all major credit cards (Visa, MasterCard, American Express, JCB), BancNet and MegaLink ATM cards, PayPal, Globe G-Cash, Smart Money, Western Union, over-the-counter bank deposits, and direct online account debit with major banks in Asia, North America, Oceania and Europe. For more information, visit www.payeasy.ph.