Montreal, Quebec (PRWEB) September 1, 2009
PaymentPin.com (http://www.paymentpin.com), a rapidly growing 'bill to phone' payment solution is gaining on heavily funded industry leaders Boku and Zong in the race to give consumers the ability to pay for online services using their home or cell phone bill.
The self funded startup has been chosen by MochiMedia (top online gaming site with 100 million monthly gamers), Lavalife (a leading dating site) and Tagged.com (3rd largest social network in the USA with over 80 million members) to provide quick, simple and secure phone transactions to allow people to enjoy online content and services without credit cards.
PaymentPin allows users to pay for their online transactions using their home or mobile phone by simply entering a pin number that automatically charges the transaction to their phone bill.
PaymentPin (http://www.paymentpin.com) is a widely used and accepted secure solution to enhance accessibility and provide convenience for consumers of online entertainment and services including gaming, virtual worlds, reality tv shows, social networks and dating sites. There are an estimated 186 million people using virtual worlds and 24 million singles are looking for the right person online, but many users are not able to pay for these sites due to lack of a credit card or fear of credit card fraud.
A recent study discovered that 30% of Generation Y users don't own a credit card and half of baby boomers don't feel comfortable using credit cards online. This combined with an even higher number of 84 million people of all ages who are "underbanked", meaning they can't qualify for a credit card or proper banking services.
"We offer a convenient and safe payment solution for the tens of millions of people who don't have a credit card or don't feel comfortable using one online," said Robbert van de Griendt, President of PaymentPin.com. "People are now able to use their favorite sites and the merchant is able to serve new customers."
Merchants have constant access to PaymentPin's web portal which tracks activity, payout totals, number of users and much more.
For more information please visit PaymentPin.com (http://www.paymentpin.com)
PaymentPin has been providing 'bill to phone' payment solutions since 2005, allowing users to pay for their favorite online games and content allowing them to charge the transaction to their home or mobile phone bill. Headquartered in Montreal, PaymentPin is processing landline transactions across the USA and Canada and mobile micro payments across 25 countries and 105 carriers in North America, Europe and Australia.