Zong online payment system
Categories:
E-wallet, Mobile payments
153 systems total
Zong, Inc. provides the Zong Web Payment service that allows you to purchase products and services from participating third parties by either adding the charge to your mobile carrier phone bill and, if you have set up a Zong account with Zong+ features, by using payment methods approved by Zong, such as credit cards. These Zong Purchaser Terms of Use set forth the terms and conditions of your use of the Service. By setting up a Zong account or by using the Service, you agree to these Terms.
Purchases through Mobile Carriers
Through the Service you can authorize your Mobile Carrier to bill you for the cost of the Goods and related charges . Zong sends your payment authorizations to your Mobile Carrier. The Mobile Carrier adds the price of the Goods and related charges on your Mobile Carrier bill. For your Mobile Carrier Purchases, Zong is acting solely as an independent contractor in sending your payment authorizations to Mobile Carriers.
Zong Accounts
When you use the Service Zong establishes a free Zong account used for tracking and applying Zong Points to purchases made with your mobile phone number. You may elect to register your account online . If you set up a Registered Account, we prompt you for registration information, such as your name, email address, account password, and, for Zong+, payment card information . You agree that you will provide accurate, current and complete Account Info and maintain and update your Account Info to keep it accurate, current and complete. You acknowledge that, if any information provided by you is untrue, inaccurate, not current or incomplete, we reserve the right to terminate your Zong account without liability to you. Subject to these Terms, we grant to you a non-exclusive, non-transferable, nonsublicensable, limited right and license to use and access your Registered Account solely as made available by us. You may use and access your Registered Account to review payment history, Zong Points, and Account Info. Your account with Zong is for your individual use only and you agree not to transfer or resell your use of or access to the account to any third party. All rights not expressly granted hereunder are expressly reserved. YOU ARE ENTIRELY RESPONSIBLE FOR MAINTAINING THE CONFIDENTIALITY OF YOUR USERNAME AND PASSWORD AND FOR ANY AND ALL ACTIVITIES THAT ARE CONDUCTED THROUGH YOUR ACCOUNT.
all
online,mobile
Looking to upgrade your farm? Power up your virtual pet? Get access to premium content? Zong works with hundreds and hundreds of online merchants and social networks to make your online shopping experience as fast and frictionless as it can be. Here’s how it works:
When it’s time to pay for something online, just find and hit our ultra-attractive Zong button. A payment screen will pop up, where you enter your mobile number.
We’ll send you a secure PIN code – you enter it online, and boom, you’re done. Back to farming, blasting, or making your aquarium a happy place.
There’s no credit card number, expiration date, billing address to enter. Think of it this way: to pay with a credit card you have to enter at least 80 characters. With Zong, it’s just your mobile number, a number you know by heart. It doesn’t get any easier than that.
If you like getting free stuff (who doesn’t?), we’re offering you a chance to get double your purchases when you upgrade to Zong+. What’s Zong+? Basically, you link your credit or debit card to your mobile phone number. Then, all future purchases made through Zong will go through your credit or debit card. You get the added security and convenience of not having to enter all that card information every time – all you need, once again, is your mobile phone number. Plus, to thank you for upgrading, we’ll double your purchase.
I’m thrilled to announce that Zong has reached an agreement to be acquired by eBay (PayPal) — full announcement, and PayPal CEO Scott Thompson’s thoughts on the PayPal Blog.
Getting to what I like to call this “acceleration moment” didn’t happen on its own. This journey has always been about people. People make great products, and companies. Nothing else. Every battle we had to win, every challenge we had to overcome, every product we had to launch, carrier to connect, and client to win wasn’t the result of any individual, it was the result of an amazing, collegial team working days, nights, and weekends, and having fun in the process. Even in the toughest times, you, team, made it feel so much easier. We were one, a pack, bringing down obstacles standing in our way, one after the other. Now, it’s time to accelerate what we’ve built!
I am so excited by the unique combination of PayPal’s 8 million merchants, brand power, risk management expertise, and financial stability, with Zong’s Carrier DNA, its largest direct carrier payments network, product innovation, and best-in-class carrier billing technology. This industry first is going to allow us to scale what we’ve built over the course of the past 3 years (and then some) in a massive way!
I’d like to thank all of our merchant partners. Over 2 ½ years ago after chasing them for months, Facebook accepted to start testing mobile payments in the now defunct Gift Store. We then worked very closely with its amazing teams to build the ideal experience for Facebook Credits. This whole experience has been nothing short of amazing. Experiencing the rise of the biggest social network over the course of the past couple of years to over 700 million users has been phenomenal. For having seen it from the inside over a sustained period of time, I can now say that Facebook’s success has nothing to do with luck. It’s all about vision, sheer talent, energy, and culture. Other key partners along the way include amazing companies and leaders like IMVU, Sulake (makers of Habbo Hotel), Big Fish Games, Sony Online Entertainment, Zynga, Playdom (now Disney), Bigpoint, and thousands of other amazing companies we have the privilege of serving. To all of you: thank you for trusting us at face value, when we were a tiny team in our cramped Spartan office. Stay tuned for a lot more innovation and scale, now that we’ve joined forces with PayPal. You won’t be disappointed with what we have in store for you!
To our 250 carrier partners around the world, thank you for letting us leverage your unique, and amazing capabilities to build a global mobile payments business. We’re all very excited at PayPal, and at Zong, to massively scale this business for you in the months to come.
Building a great company is also a factor of great investors. Starting with our early Angel Investors such as Eric Babecoff, and later Ossama Hassanein from Newbury Ventures, who believed in us way back when in 2005 with Echovox. Frederic Court from Advent Venture Partners, who became our BD arm in Europe, sending us leads like a machine, and supporting us all along the way. Then finally when Zong was spun-off from Echovox, Dana Stalder from Matrix joined us, and was so instrumental in scaling our business, becoming my mentor, and guiding us in this amazing transformation that happened in the past 12-months.
I really can’t wait to join Scott Thompson’s team over at PayPal. The energy, passion, and drive of the team combined with PayPal’s unique scale and capabilities in payments convinced me this was the right way to accelerate what we’ve built. Most of e-commerce will shortly become m-commerce, and I genuinely believe that PayPal, hand-in-hand with wireless carriers around the world will win in a big way. We’ll be working very hard on things that will blow your mind. So stay tuned for a lot more mobile payment awesomeness!
—David Marcus (@davidmarcus)
Read more on Zong
ZONG RAISES $15M IN FUNDING FROM MATRIX PARTNERS
Funding Will Be Used To Further Its Market Leadership, Expand Merchant and Carrier Networks and Continue Growth into International Markets
PALO ALTO, Calif., April 27, 2010 — Zong (www.Zong.com), the leading mobile payment service used by online gaming and social networking web sites, announced today that it has completed a $15M round of funding led by Matrix Partners. Formally a division of Echovox, Zong is now a standalone company headquartered in Palo Alto, and will use the investment to further market leadership by accelerating the growth of its merchant network in both the US and International markets and through funding the rapid expansion of its mobile carrier network.
Zong is the mobile payment provider for Facebook Credits, a new virtual currency platform being deployed across the Facebook network of over 400 million monthly active users. Zong also works with thousands of other merchants in a variety of spaces including: popular virtual worlds, online gaming, social networking and digital content properties. Zong is the only mobile payments service that combines carrier billing with credit, debit and prepaid cards allowing Zong to be the first company to allow multiple payment options via the mobile phone.
“We are thrilled to have the support and guidance of Matrix Partners, which has a phenomenal track record in developing select mobile, wireless and internet companies,” said David Marcus, founder and CEO, Zong. “With this comes the privilege of working closely with Dana Stalder, who as a result of his extensive experience with PayPal, will be of great value to our team.”
Dana Stalder, general partner of Matrix, will join Zong’s board of directors, bringing more than 20 years of experience to the company. Dana has extensive knowledge in financial services and ecommerce, having served in executive positions at Netscape, eBay and PayPal. Dana also initiated a number of other startup projects, including PayPal Mobile and the PayPal Developer Platform.
“Matrix’s message has been clear. We are committed to helping build significant, industry leading companies and Zong fits that bill,” said Dana Stalder. “Zong is at the forefront of the evolution of the payments space and we hope to play a key role in its continued growth and success.”
About Zong
ZONG is the leading mobile payment service used by online gaming and social networking sites around the world. Its frictionless payment experience converts shoppers into buyers at rates up to 10 times greater than traditional payment methods. ZONG leverages direct connections with mobile network operators around the world to provide consumers, merchants and publishers a secure payment solution with unrivaled connectivity and service quality. ZONG is the mobile payment provider for Facebook Credits and also works with hundreds of leading destination sites, such as Gaia Online, IMVU and Aeria Games. Reaching over 1.5 billion mobile users, ZONG provides local payment capabilities in over 30 countries in 16 languages. ZONG is the only mobile payment service that combines the high conversion rates of carrier billing with the low costs and flexibility of payment card networks. ZONG is based in Palo Alto and Geneva, and is backed by Advent Venture Partners and Newbury Ventures. For more information, please visit www.zong.com.
About Matrix Partners
Matrix Partners is a premier venture capital firm that has generated outstanding returns for over three decades. The firm has delivered several of the industry’s top performing funds of all time. Matrix Partners has offices in Waltham, MA; New York, NY; Palo Alto, CA; Mumbai, India; and Beijing and Shanghai, China. The firm has been fortunate to have invested in game-changing, industry-leading businesses such as Apple Computer, Sandisk, Veritas, Sycamore Networks, Phone.com, Starent Networks
Read more on Zong
This summer we were honored when IMVU, the leading avatar-based social network and industry pioneer, chose us to be their mobile payments partner. With over 40 million users all over the world, IMVU built their own in-house mobile payments solution. After operating their own platform for a couple years, they decided to try us on for size.
We think the fit is nice: IMVU is seeing a 50% lift in revenue after switching to ZONG. Learn all about the background and how they did it in our IMVU Case Study.
Read more on Zong
We’ll be at the NY Games Conference this Wednesday, Sept. 30th. Hill Ferguson, our head of Product and Marketing, will be on a monetization panel discussion at 4 pm. Richard Borenstein (richard [at] zong [dot] com), our head of sales, will also be around. Send him a note if you’d like to meet up while we’re in NY from the 29th-1st. See ya there!
Howdy. Interested in learning all about Virtual Goods and monetization strategies? Come to the ENGAGE! Expo this Wed and Thurs for a full line-up of great speakers and networking opportunities.
Use this promo code and get 15% off the ticket price for an All Access pass: VALVIP
If you’re coming to the show, be sure and checkout the monetization panel discussionat 4:00 pm on Thurs. Our Founder & CEO, David Marcus, will represent ZONG. If you’d like to arrange a meeting with a ZONG representative, just reply in the comments or shoot us an email at sales [at] zong [dot] com. Hope to see you there!
Read more on Zong
