SafetyPay Enables Micropayments for Online Gaming Industry

Oct. 28, 2010

SafetyPay, a Miami-based online payment facilitator, said it is now offering its online payment solution to the video gaming industry. The company said it enables merchants to accept micropayments without hurting their profits and remain competitive in the digital transaction space. Micropayments usage has been hindered due to the need to keep costs for individual transactions low, which is impractical when transacting such small sums. “Working with the gaming industry to solve the acceptance and processing of micropayments benefits both the merchant and consumer by now giving them the ability to utilize a one step process for small transactions,” said Manuel Montero, CEO of SafetyPay. “Implementing non-traditional payment methods will ensure gaming companies success due to their growing popularity and need to process micropayments. Within the worldwide gaming industry, SafetyPay enables consumers to pay in their own currency and play in their own language.”