E-Commerce -

Zero commission online payment service SPIKE

Metaps has released the closed beta version of SPIKE, a no commission online payment service that does not require any installation and can be set up in under a minute (the company says).

When companies use an online payment service, they usually incur on average a 3%

SPIKE mobile app

Metaps released the closed beta version of SPIKE, a no commission online payment credit service that does not require any installation and can be set up in under a minute.

commission and an additional transaction fee. These added costs are a problem for small to mid size companies operating on a low profit margin. SPIKE is an online payment service free of all commissions and transaction fees, and there are no additional setup fees or monthly charges.

Implementing online payment solutions into web sites and apps usually requires programming support, which has often been an obstacle for smaller businesses. No programming skill is needed to begin using SPIKE, which can be easily set up by creation of a unique payment URL or embed button through a SPIKE account and inserted into a website or app. SPIKE is compatible for use on all smartphones, tablets, and all other internet connected devices.

Other credit payment services available on the market were originally designed for and are more suitable for large corporations. SPIKE was designed for individual and small business owners who have avoided online payment services because of the trouble caused by background checks, high commission rates, and difficulty of installation.

SPIKE is a service with a mission to revolutionize the way we exchange money on the Internet, by increasing profit margins earned by small business worldwide with an easy to install online payment solution.

For the beta release, SPIKE will start by offering a “Free Plan” for a limited number of users with a cap on monthly transactions up to $10,000, but will gradually raise this limit in a progression towards a complete “freemium” service much like with the evolution of e-mail and crowdsourcing.

Likewise, SPIKE will offer a paid “Premium Plan” with no cap on monthly sales, with plans to eventually transform it into a freemium service as well. Through introduction of a developer API for further customization and expanding accepted payments to non-US dollar currencies as well, Metaps is targeting a total of US $20 Billion in SPIKE transactions by 2017.

The post Zero commission online payment service SPIKE appeared first on Payments Cards & Mobile.