Technologies

MASTERPASS

Masterpass is an electronic wallet for convenient storage of bank cards and online payments. The service was developed by Mastercard, one of the two most popular payment systems in the world, and has been available in Ukraine since 2016.


Paying on the website with Masterpass will be as convenient and, most importantly, not requiring any extra steps, but at the same time safe as when using ApplePay, Amazon Pay or Ukrainian Privat24.

3 reasons to add Masterpass payment to your website
01
01
Convenient and versatile

Masterpass is an electronic wallet that is easy to create and easy to use for any customer. All that is required is for the user to enter their details and personal data once on the official website of the service. Each time they need to pay for something online or via Tap & Pay, they will only need to go through basic verification, for example, using TouchID, a password, or a code from an SMS. You can connect credit and debit cards issued by banks in different countries to your MasterPass wallet - not only Mastercard, but also Visa, American Express, Discover, etc. Although it is most beneficial to connect native cards, the loyalty program, available to all cardholders of Platinum level and above, awards nice bonuses to encourage online shopping.

02
02
Safe

Masterpass meets the latest international data protection requirements. It does not transmit your personal and financial information and securely encrypts all transactions. For the payment to go through, you need to follow the 3D-secure rules - pass at least two of the three verification methods. Use your own device verified by the system and enter a password, pin code or fingerprint / FaceID or a code that will be sent in an SMS or banking application. The easiest way to make purchases is from a smartphone or tablet - the customer may not even notice that the system has scanned his or her face.

03
03
Quick

Registration in Masterpass and integration of the service takes a minimum of time. You can connect Masterpass not only to your website, but also to the app and even to a storefront, and before accepting real payments, you can try all the functions in the service's sandbox. Funds from the customer's card are credited to your account within a day at the most.

Conclusion

Masterpass is gradually becoming the most popular online payment method in Ukraine and beyond. It does not require the user to enter the card number every time, and unlike Apple/Google Pay and, for example, Privat24, it is not tied to a bank or smartphone operating system. For the same reason, it is popular in Europe and makes traveling comfortable. Adherence to high data protection standards, easy integration, and minimal fees make Masterpass an almost mandatory payment method for your website.

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