Benefits (Merchants):

  • Easy to use by Clients/Customers

  • Easy Access:
    o Users without Credit Cards can participate
    o Availability through many outlets
    o No Contracts or Accounts to be setup for one time use
    o Account creation required for Online Secure e-Wallet for NetToken repository

  • Elimination of Charge Back: Non-repudiation leading to more profit margins (Benefits derived by merchant are the elimination of charge-back as a result of repudiation (funds charged back to the merchant if the end-user disputes the charge and/or refuses to pay). The NeTToken™ system has non-repudiation built into the design.)

  • Additional Revenues: Users are paranoid about using Credit Cards, however, we foresee more users using NeTToken™, which will mean increase in user base and therefore more revenues.

  • Simple Technology Interface to Merchants existing Systems. NeTToken™ technical staff will work with the Merchant staff to ensure efficient and prompt integration. We have an API for easy Intergration to any system.

    What do I need to do as a Merchant?

    Merchants would need to modify their payment systems to accept NeTToken™ as a method of payment. By Accepting NeTToken™ as a payment method, merchants would potentially increase their sales of services over the Internet. This is because most of the users who want to perform transactions over the Internet are concerned about Security and Privacy, a breach of which normally leads to identity theft and a lot of grief, suffering and potential loss of funds for the end user. Currently the Internet sites do not offer good security and do not provide for end user anonymity. The use of the NeTToken™ would provide both.

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