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Mazooma online payment system

Mazooma
http://www.mazooma.com/

Updated on May 23, 2013
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General Information

Our inspiration stems from years of experience in the transaction-processing sector. We recognized that traditional online payment methods didn't address the needs of the millions of American consumers who wanted options other than credit cards. 

The Solution: We developed a payment system that combines the security and comfort of online banking with the convenience and speed of a simple checkout process. We were issued a patent in May 2010 (USPTO 7,720,764) for our online banking transfer technology. 

People: Who's on our team? Talented, forward-thinking people who bring decades of payments industry experience to Mazooma and our customers.

Places: Mazooma was launched in 2009 and has offices in Miami and Toronto.

If you thought credit and debit cards were your only payment options, think again. Mazooma lets you safely pay for purchases right from your online banking.

 

Supported Banks

If you pay bills online with any of these banks, you can pay for online purchases too! Your purchases will appear as "Mazooma.com" on your bank statement.

  • Bank of America
  • BB&T
  • Chase
  • Citibank
  • HSBC Bank USA
  • Huntington National Bank
  • Capital One 360
  • KeyBank
  • PNC
  • Regions
  • SunTrust
  • TD Bank
  • U.S. Bank
  • Wells Fargo

Currencies

USD

Countries of use

USA, Canada

Users

private and business

Fees

Mazooma does not charge users any fees. However, banks may charge their clients online banking or bill payment transaction fees. It is recommended that you refer to the service agreement with your bank for details.

For digital content purchases $20 and under, Mazooma’s patented, cash-based micropayment solution is the most cost-effective payment method available:


  • Costs less than half the amount of credit and debit card processing (Mazooma’s solution costs 1.5% + $0.05 per transaction)
  • Real-time, bank-authenticated authorization and settlement means instant digital downloads
  • Fast, secure checkout satisfies today’s tech-savvy consumers
  • Extensive bank coverage connects your customers to online banking at the 14 largest U.S. banks
  • Online banking payment means you can reach media-hungry Gen Y consumers who often don’t own a credit card
     

Integration approaches

on-line

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