Good news for all Small and Medium Businesses owners! You can finally accept other payment methods, specifically MasterCard credit cards and debit cards (and soon Visa, too), without the need to apply for the more expensive credit card terminals. Thanks to Globe for coming up with an amazing solution — introducing Globe Charge!
So what is Globe Charge and how does it work?
Globe Charge is a dongle that can be attached to a smartphone or tablet and works as a card reader. The device can be purchased from selected Globe Stores within Metro Manila for a one-time payment of Php 999. Or avail the card reader for free at Globe Plan 999, which comes with a Samsung Galaxy Win, surfing-texting-calling combos, plus consumables.
It works hand in hand with a free mobile app that can be downloaded from the App Store and Google Play (they left out Blackberry again!). A merchant account is also needed. This can be created via the Globe Charge app, free of charge with no recurring fees. However when you register with Globe Charge, accreditation takes place within seven business days after a face-to-face validation with a Globe representative (Know-Your-Merchant process). When your application is approved, connect via WiFi or use mobile data and Globe Charge can be used right away. Merchants can receive the settlement as early as the next business day :) And if you’re using a Globe/TM Sim, there will be no charge for all transactions. Easy, convenient and all at a low cost. SMBs will definitely benefit from this innovation.
But remember, just like all other businesses, you have to register them first with BIR before you could use Globe Charge :)