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johan

mobicred on bidorbuy

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johan

Today we launched a payment method called mobicred. This service allows users who have registered with mobicred and who have been granted a credit facility to purchase items on bidorbuy and pay for it with their credit. They will then have up to 12 months to pay for the credit and these payments will be made directly to mobicred. This would give buyers the opportunity to purchase goods immediately that they might normally have had to save or wait for.

 

For sellers:

 

The seller would receive the full purchase value for the item upfront and once the payment reflects on the order they are able to deliver the goods. There is a payment processing fee attached to accepting this payment of 3% (ex Vat), so if you are already using bobpay credit card and discovery miles this option should make sense to use as well. Payments through this service is guaranteed to the seller as the finance and repayments is between mobicred and the buyer.

 

Buyers will only be able to use this facility with sellers who accept mobicred as a payment option.

 

To use mobicred as a buyer you would apply to mobicred for this facility. mobicred would require information from you and will perform checks and if they are satisfied they would grant you use of this facility. This process is done by mobicred and applicants would deal with them and they would be able to use the facility with any participating retailer.

 

For more information click here

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Allstar

Johan can you please update the mobicred info on that link to reflect that the payment processing fee attached to accepting this payment of 3% only applies to the portion paid with Mobicred and not necessarily the full amount, ie item cost R10k, mobicred used for R3k - the 3% processing fee will only be applied to the R3k.

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