MasterPass App for Digital Payments
Masterpass application is a digital free wallet service that allows credit card, debit, and prepaid cardholders to shop online or in the app easily. The app ensures faster and more secure payment by enabling cardholders to store their shipping address and favourite cards in the app. Payment can be made by just scanning the QR code of the point of sale of the retailer using this app. Cardholders apart from Mastercard, such as American Express, Visa, Discover, and other cards can also avail of this service. Here are more details about the Masterpass app.
What are the Services Included in Masterpass?
The following are the services included in Masterpass:
- MasterPass-connected wallets: Allows customers to open their wallets with collaborators, banks, and retailers, and store bank details and address books securely. The wallet is receptive in nature, which allows customers to use their other credit, debit, and prepaid cards, apart from their MasterCard cards.
- MasterPass value added services: This provides detailed insight into the application, thereby providing information regarding wallet balance, reward programs, offers, and other real-time updates.
- MasterPass checkout services: Ensures quick check-out methods for online purchases without entering delivery and payment details for each order. Allows customers to use QR codes, NFCs, mobile devices, and tags at point of sale or cards for in-store purchases.
How to Register for Masterpass?
Here are the steps to register Masterpass through website:
- Visit the official website, and start by entering your email address and mobile number
- Follow the instruction on the page and create an account and password
- Add credit or debit card details
- Enter billing address
- Enter at least one shipping address
- Enter the verification code received through call, text or email to complete the account validation
Note:
- You can add more than one shipping address
- You can sign into the app by installing the application on your phone
- No dedicated Masterpass application available for iPhone.
Masterpass QR
Masterpass QR is a modern mode of online payment that benefits end users, purchasers, merchants, and issuers. It offers a safe and cashless payment mode using MPOS or POS devices. It also allows smartphone users to
Benefits of Masterpass QR
The following are the advantages of using Masterpass QR:
- Ensures fast and cost-effective payment solutions
- Ensures enhanced payment security
- Secure alternative to carrying cash
- Sends notification of the transaction to the registered mobile number.
How Masterpass QR Operate for Cardholder?
Here are the following steps through which Masterpass QR operates for cardholders:
- Install the application on your mobile phone
- Scan the QR code of the merchant at the store through your mobile
- Enter the transaction amount and the four-digit MPIN
After confirmation, the transaction will be completed, and an alert will be sent to your registered mobile number.
How Masterpass Operate Online?
Masterpass can operate online for receiving payments through Facebook Messenger. Here are the steps to receive Masterpass QR payments through Facebook messenger:
- Search for Masterpass QR bot after opening Facebook Messenger
- Sent a message ‘Hi’ to start chatting
- Follow the process as instructed by the bot
- QR code will be provided on your messenger after completion of the process
Save or print the QR code to receive payments from customers.
Masterpass Payment Options
The following are some of the payment options offered by Masterpass application:
- Credit cards and cheques: Credit and cheque cards are one of the most common digital payment systems, issued by Visa and Mastercard that helps receiving instant payment in ZAR. Masterpass reduces chargebacks on local and international card payments through various fraud prevention mechanisms.
- Electronic Fund Transfer: This is one of the most secure and popular payment options that allows customers to generate payment automatically. This payment system triggers payments through various electronic terminals such as ATM, credit card, Fedwire, point-of-sale for mortgage payment, payroll payment, credit or debit card payment and others.
- Masterpass digital wallet: Allows customers to shop online through the most secure and quick payment mode. This operates for all debit and credit cards, cheques by protecting buyer’s information through industry-lead technologies.
Add-on Benefits for Accepting Masterpass
The following are some of the additional benefits for merchants for accepting Masterpass payments:
- Easy, time-saving, and secure checkout process without entering financial details
- Ensure secure entry into the universe of wallet through a single click
- Prevents the need of approval for each wallet approach
- Offers loyalty cards and enables users to earn reward points
- Seamless shopping experience with one-tap checkout facility.
Mastercard SecureCode
Mastercard SecureCode is a PIN or one-time password that is sent on your registered mobile through SMS. The code is issued by the bank and is required every time the customer opts for this service for online shopping.
Benefits of Mastercard Securecode
The following are the benefits of the Mastercard SecureCode:
- Secure option than physical cash payment: Makes online transaction secure by protecting against online fraudulent activities.
- Smart network: Payment network is safe, efficient, and hassle-free, thereby offering a smart payment network.
- Multi-layer security: The digital wallet is secured with this SecureCode feature that ensures multi-layer security from illegal purchases. It helps in tracking transactions and retrieving the money, in case the account gets hacked.
FAQs on Master Pass App
- What is Masterpass Nearby Mobile app?
The MasterCard Nearby smartphone app allows the customers to make contactless payment in malls, restaurants, shops, grocery stores, transit area, gas stations and others by minimizing the risk of theft or fraud. MasterCard NearbyTM helps customer locate nearby stores or ATM and get instant cashback without paying any additional processing fees.
- How to use Masterpass to purchase something?
Click on the Masterpass icon after filling your checkout cart, select the payment card and shipping address. In case you are a first-time user, check out on this browser with wallet, sign in and authenticate through one time code received on your registered email address and mobile number. Further, select the card and enter the shipping address to complete the checkout process.
- How to initiate instant EFT?
To initiate instant ETF, login to your net banking account through your credentials. Select your account from where you want to make payment and verify the payment with your bank through your registered mobile number. After successful verification, payment will be processed, and you will receive transaction details instantly.
- How do credit or cheque cards operate?
The customers need to first provide the cheque or credit card details, after which they will be redirected to the 3D secure page for authentication process. Generate OTP to authenticate the bank details and personal information. After successful authentication, make payment and the details will be visible on their PayFast account.
- How do I remove a card from Masterpass?
You need to login to your account and select the card you want to remove. Click on ‘Delete’ option to remove the card from the account. The card details will not be visible during the checkout process after deleting the card name.
- Can I buy electricity with Masterpass?
Yes, users can buy prepaid electricity using Masterpass application. Users can use this application to buy water and gas.
- Can a declined transaction be reversed?
Contact the merchant to reverse the declined transaction. In case the merchant’s response does not resolve your issues, dispute the charge with credit card company to reverse the transaction.
- How much does Masterpass cost?
No fees are charged from the customers for using Masterpass. While the merchant needs to pay a minimum transaction fee.
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