Like all other services on the market – ZimSwitch’s Vpayments, Pay4App, PesaPal, FloCash – at the core, Paynow enables anyone with a website or app to start receiving payments online from major credit cards as well as, for some at least, local bank cards and local mobile money wallets.
So yes, Paynow comes to a market where a number of solutions have been launched already but introduces one key thing that has been seriously lacking. Simplicity. From the point of signing up for a merchant account, setting it up on a website, and getting your money into your bank account, everything is simple and straightforward.
We also liked that there’s no waiting. You sign up for a merchant account by providing your bank details and you’re ready to start receiving payments. The bank itself is not involved at all in the signup process. Paynow also allows you to receive payments direct to your bank account as people pay. It doesn’t matter if payment was made via EcoCash, Visa or ZimSwitch Vpayments, the money comes to your one bank account. And it comes with no threshold conditions to be met.
Originally published on TechZim.
