Monday, October 27, 2003

Way2Pay: 450 shops and 15.000 users

In its latest newsletter, Way2Pay states that it has 15.000 users and 450 shops. Especially the amount of shops connected is quite large for a product that has only gone live half a year ago. The tricky thing remains however the pricing for the consumer. Loading the Way2Pay wallet regularly costs 0,6 % of the load value, with a minimum of € 0,25 per transaction. These load fees are now being waved for a period of two months.

Earlier this year Rabobank announced it would introduce its own version of Way2Pay. I'm curious as to the pricing structure and load instrument that they've decided to use.